Making carbon markets work better is more of a political challenge than an economic one, according to The Economist.
The difficulty is building and preserving support for measures that make most economic activities costlier.
https://www.smithschool.ox.ac.uk/research/sustainable-financeThe same applies to other climate-friendly measures, notes Dr Ben Caldecott of Oxford University: Britain has long failed to raise petrol taxes in line with inflation, costing the government billions.
