Democrats jettison carbon pricing in favor of incentives to counter climate change
15 Aug 2022

THE US's first comprehensive climate law, expected to be sealed with a vote in the House of Representatives on Friday, will not look anything like the program imagined by either climate economists or those in Washington and the environmental movement who had faith in bipartisan action.
From the time that the world first agreed to act on climate change 30 years ago at the Earth Summit in Rio de Janeiro, environmentalists talked about putting a “price” on carbon as a core element of any strategy for reducing the fossil fuel pollution that was heating the planet.
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