Push renewables to spur carbon pricing
Gernot Wagner, Tomas Kåberger, Susanna Olai, Michael Oppenheimer, Katherine Rittenhouse & Thomas Sterner
Make wind and solar power even cheaper by opening up access to the electricity grid and ending fossil-fuel subsidies
Putting a price on carbon dioxide and other greenhouse gases to curb emissions must be the centrepiece of any comprehensive climate-change policy. We know it works: pricing carbon creates broad incentives to cut emissions. Yet the current price of carbon remains much too low relative to the hidden environmental, health and societal costs of burning a tonne of coal or a barrel of oil. The global average price is below zero, once half a trillion dollars of fossil-fuel subsidies are factored in.
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