Pricing Carbon Pollution

Pricing carbon pollution involves putting a financial cost on the greenhouse gases emitted by activities like burning fossil fuels. This encourages businesses and individuals to reduce their emissions by making polluting activities more expensive, promoting cleaner alternatives. Techniques include carbon taxes, which directly charge a fee per ton of emissions, and cap-and-trade systems, which limit total emissions and allow entities to buy and sell emission permits. The goal is to make polluting activities less economically attractive, thereby reducing overall carbon emissions and helping to combat climate change efficiently through market-based incentives.