How effective are carbon taxes in reducing emissions?

What are carbon taxes and how do they work?

Carbon taxes are fees imposed on the carbon content of fuels. They aim to reduce greenhouse gas emissions by making fossil fuels more expensive.

How effective have carbon taxes been in different countries?

Countries like Sweden and Canada have seen significant reductions in emissions due to carbon taxes, encouraging cleaner energy use.

Are there any criticisms of carbon taxes?

Yes, critics argue that carbon taxes can disproportionately affect low-income households and may not be sufficient alone to combat climate change.

What alternatives exist to carbon taxes?

Alternatives include cap-and-trade systems, renewable energy subsidies, and direct regulations on emissions.