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Podcast: Climate Now
Episode:

Pricing carbon around the globe: Why it's so difficult

Category: Science & Medicine
Duration: 00:39:22
Publish Date: 2021-10-19 05:00:00
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 argue for using a carbon tax - that is, charging a fee for every ton of CO2-equivalent consumed.

But, if one country charges a different carbon tax than another, what happens to international trade? And does fossil fuel use actually decrease, or just move off-shore to another nation without a carbon tax?

Carbon border adjustments are a tax policy framework that attempt to address these issues, but they come with their own legal, economic and practical complexities.

Listen now to Climate Now's new podcast episode featuring conversations with Dr. Adele Morris, former Policy Director for 

Climate and Energy Economics at the Brookings Institution, Dr. David Weisbach, Professor of Law at the University of Chicago, Dr. Brian Flannery, Visiting Fellow for Resources for the Future, and Shuting Pomerleau, Climate Policy Analyst at the Niskanen Center. These experts help us unravel how carbon border adjustments could work, and their role in building solutions to the climate crisis.

Time Codes:

  • 0:00 - carbon border adjustment economics
  • 13:45 - carbon border adjustment logistics
  • 30:00 - carbon border adjustment legality
  • 34:30 - carbon pricing
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