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Carbon Pricing: What is it?, Need and Different types of carbon pricing
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A carbon price is a cost put on carbon pollution to nudge polluters to lower the amount of greenhouse gas they release into the atmosphere.
According to economists, carbon pricing is an effective way to encourage countries to reduce their greenhouse gas emissions.
The costs of carbon pollution are heavily skewed against future generations as they are the ones who would suffer most because of the effects of pollution.
The idea behind carbon pricing is to distribute this cost more evenly across generations, rather than the costs being borne disproportionately by the future generations.
#ClearIAS #CarbonPricing
Download ClearIAS App:
According to economists, carbon pricing is an effective way to encourage countries to reduce their greenhouse gas emissions.
The costs of carbon pollution are heavily skewed against future generations as they are the ones who would suffer most because of the effects of pollution.
The idea behind carbon pricing is to distribute this cost more evenly across generations, rather than the costs being borne disproportionately by the future generations.
#ClearIAS #CarbonPricing
Download ClearIAS App:
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