If you want less of something, tax it more. That’s what many governments have been trying to do with carbon. But carbon pricing is controversial and difficult to implement technically. So, given the urgency to reduce the use of fossil fuels, reduce emissions and reach more aggressive climate goals, should businesses prepare for an expansion in carbon taxation? Should it be a priority for people who care about climate change?
Hosts Lizzie O’Leary and Ayesha Hazarika talk with Danae Kyriakopoulou—from the Grantham Research Institute on Climate Change and the Environment—about the role this kind of tool can play in the race to net zero, and with Ian Milborrow, a sustainability and climate-change partner with PwC UK, about what business needs to know.
11/07/22 • 24 min
Take on Tomorrow - What’s the role of tax in tackling climate change?
Transcript
Danae Kyriakopoulou: Climate change is the biggest challenge that our economies, our societies, our planet is facing. And climate-related risks are financial risks—are risks for our economies and for our financial system.
Ian Milborrow: Generally, we try and change the behaviors about the production or consumption of that particular item. So, we’re trying to move to a better allocation of resources and shifting that burden of obligation onto the peop
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