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Podcast: Climate Now
Episode: Pricing carbon around the globe: Why it's so difficult
Description: How do we finance the cost of mitigating climate change, while discouraging continued use of fossil fuels? The largest public statement of economists in history argues for a carbon tax - which would charge a fee for every ton of carbon dioxide emitted.But, if one country charges a different carbon tax than another, what would happen to international trade? Would fossil fuel use and emissions-intensive industrial processes actually decrease, or just move to a country without a carbon tax?Carbon border adjustments attempt to address these issues, and come with their own legal, economic...