"A carbon tax is insufficient to deal with the challenge of climate change and instead we should invest in new technologies." Do you agree? According to the Intergovernmental Panel on Climate Change (IPCC), unless global carbon emissions are halved by 2030, the Earth will face global warming of 1.5 °C above pre-industrial levels (Allen et al., 2018). While this figure may appear negligible, it actually could spell devastation for all life on Earth. For humanity, more extreme weather patterns will affect the livelihoods of many, particularly the poorest, despite the fact that most of the damage has been inflicted by rich nations. This inequity is one that must be dealt with, spearheaded by those nations that have contributed so greatly to this global crisis. In assessing the best solution we must consider which policy or which combination is the most cost effective i.e., which approach achieves the target of halved global emissions by 2030 at a minimum cost to society. One way...
An Academic Blog for Watford Grammar School for Boys