Carbon Pricing Touted as Crucial Climate Fix, Transforming Energy Landscape
The article discusses how to tackle climate change by changing how we make economic decisions. To do this, we need to make energy generation more efficient and less carbon-intensive. The best way to achieve this is by putting a price on carbon emissions. The researchers looked at different ways to do this, like carbon taxes and cap and trade systems. They found that the U.S. response to these market-based approaches is influenced by factors beyond just environmental concerns.