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In theory putting a price on carbon emissions should incentivise businesses to stop polluting. So why have carbon markets failed to achieve their goal of reducing global emissions? Read more here: https://econ.st/3mi51Eo
00:00 – Has putting a price on emissions worked?
00:27 – Where do carbon markets come from?
01:42 – How does ‘cap and trade’ work?
03:22 – Why aren’t carbon markets reducing emissions?
04:15 – What are the loopholes?
05:24 – What are the solutions?
Find The Economist’s most recent coverage on climate change: https://econ.st/3zCt2uW
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What’s the cheapest way to decarbonise?: https://econ.st/3iSDtVm
Listen to our new podcast on tackling climate change: https://econ.st/3Fcx2pA
Read more about how carbon prices can be used: https://econ.st/3AXBjdS
Listen to our money talks podcast episode on pricing pollution: https://econ.st/3kOIEXB
What is the role of green investment?https://econ.st/3zLVz0I”
