Can a carbon tax effectively reduce emissions?

How does a carbon tax work in reducing emissions?

A carbon tax puts a price on carbon emissions, incentivizing businesses to reduce their carbon footprint.

What are the potential benefits of implementing a carbon tax?

Benefits include reduced greenhouse gas emissions, funding for renewable energy projects, and promoting energy efficiency.

Are there any countries that have successfully implemented a carbon tax?

Yes, countries like Sweden and Canada have implemented carbon taxes and have seen significant reductions in emissions.

What challenges do governments face when introducing a carbon tax?

Challenges include political opposition, public resistance, and concerns about economic impacts on low-income households.