Why Carbon Taxes Really Work

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“The brilliance of a carbon tax is that we would not have to [know a product’s carbon emissions],” says Tim Harford. A carbon tax would show consumers how much the products they would be purchasing contributed to global CO2 levels through raised prices. He says that needing to pay more will likely affect our spending habits, which will, in turn, affect the profit margins of producers who will also be hit by carbon taxes during production. The carbon tax system can, by itself, drive consumer change. Read full article here

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