Great that the government is considering a strengthened approach to carbon pricing - but it's not a silver bullet. My thoughts: (1/4) @institutegc institute.global/policy/carbon-…
Carbon taxation at the moment is both low and inconsistent – @energysyscat chart sets out the problem (2/4). es.catapult.org.uk/wp-content/upl…
But tackling this is fraught with risk – I have less than fond memories of the “green crap” flurry in 2013… and gillets jaunes movement shows the risks of voter backlash. (3/4)
So how to tackle it? Be clear on objectives; work with the public / consumer; make it part of a package with e.g. regulation and support for those who need it; provide long-term certainty; build an economic story; and ensure it’s fair (and perceived as fair). (4/ends).
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