"Carbon taxes are an important part of the policy toolbox for addressing climate change. Some economists, like William Nordhaus, have gone so far as to claim that “raising the price of carbon is a necessary and sufficient step for tackling global warming”. Others have expressed skepticism about the efficacy of carbon taxes, at least as they have been configured so far. Nevertheless, there is broad agreement—especially amongst economists—that carbon taxes are a critical policy instrument for disincentivizing unsustainable behavior and making green alternatives more attractive..."
"There are some facts about climate change that are so often repeated that we become almost anesthetized to them[i]. One of these is about the straightforward global warming the world has already experienced: as the NOAA reminds us, the “top-10 warmest years on record have occurred since 2010 and the last nine years (2014-2022) are the nine-warmest years on record.” It now seems all but certain that 2023 will sit atop the ranks next year, with October temperatures exceeding pre-industrial averages by a startling 1.43°C—just shy of what many believe to be the absolute upper-limit of non-catastrophic warming, 1.5°C. ..."