The Carbon Market: Chasing Away Job s and Capital Without Reducing GHGs

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Title: The Carbon Market: Chasing Away Job s and Capital Without Reducing GHGs

Author: Germain Belzile and Mark Milke

Publisher: MEI: Ideas for a More Prosperous Society

Date: June 2018

Full Text Article

Summary:

  • A carbon market, like a carbon tax, aims to modify behaviors in order to reduce GHG emissions by setting
    a price for them. Although such mechanisms are regularly mentioned in the news, their economic consequences are less often discussed, to say nothing of their effectiveness. more than its part, we need to think globally. We need a common-sense approach to climate change.
  • Does imposing a price on carbon always reduce emissions, or does it instead displace them, along with the accompanying economic activity?

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