A model study now explores how carbon pricing with redistribution can help the energy transition and the climate worldwide, while increasing welfare and reducing economic inequality – which is important for enforceability. According to the study, good results would be achieved by a globally uniform carbon price paired with moderate financial transfers to poorer countries, or by a carbon price differentiated by country with domestic revenue recycling. The study was co-authored by the Potsdam Institute for Climate Impact Research (PIK) and published in the top journal Proceedings of the National…
Read MoreHow climate policy can be made socially just and enforceable worldwide
