What are the main challenges of implementing carbon pricing?
The main challenges include political resistance, economic impacts, and ensuring fairness across different sectors.
How does carbon pricing affect businesses?
Carbon pricing can increase operational costs for businesses, but it can also drive innovation and efficiency.
Are there any successful examples of carbon pricing?
Yes, countries like Sweden and Canada have implemented successful carbon pricing systems that have reduced emissions.
What are the social implications of carbon pricing?
Social implications include potential regressive impacts on low-income households, which may require compensatory measures.
How can governments address the challenges of carbon pricing?
Governments can address challenges by engaging stakeholders, providing clear communication, and implementing gradual pricing.
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