How to make a carbon club work
Will we reach neutrality? The carbon club theory, popularized by William Nordhaus, is a cost-effective lever designed to reduce carbon emissions and has appeared several times in political and academic circles. However, one key concern about how developing countries will afford a prohibitively high carbon price still remains. Marisa Coulton suggests that Canada has the answer as she examines the Canadian system's key elements, including provincial flexibility, tax rebates to households, predictable increases, and measures to protect industry competitiveness.
From Foreign Policy