Greening prosperity

During the high point of market orthodoxy, economists argued that the most ‘efficient’ way to combat climate change was to simply let traders determine the price of carbon emissions. Today, there is a growing consensus that prices need to be regulated and that a carbon price on its own might not be enough.

Europe

New Paradigm Knowledge Base

  • The Challenge

    Part 1 of New Paradigm Knowledge Base: Greening Prosperity

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  • What went wrong?

    Part 2 of New Paradigm Knowledge Base: Greening Prosperity

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  • New Economy in Progress

    Part 3 of New Paradigm Knowledge Base: Greening Prosperity

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5 ways that are discussed to green prosperity

  1. Setting a minimum price on carbon emissions within the EU’s trading scheme.
  2. Replacing emissions trading with a carbon tax, increased steadily over time.
  3. Large-scale public investment in the necessary infrastructure; carbon-pricing alone will not suffice.
  4. Designing climate policies that also reduce the gap between the rich and the poor.
  5. A broader policy approach that integrates the risks of species extinction, air pollution and other environmental dangers.

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