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Carbon markets are going global: Ben Caldecott comments




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.

The 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.

Read more via The Economist