drives innovation
UOCS, Jan 8, 2017, "Carbon pricing 101" The Union of Concerned Scientists is a national nonprofit organization founded more than 50 years ago by scientists and students at the Massachusetts Institute of Technology. with over 250 working scientests. https://www.ucsusa.org/resources/carbon-pricing-101#:~:text=The%20aim%20is%20to%20put,our%20production%20and%20consumption%20choices /// SMS MA
Putting a price on carbon helps to incorporate climate risks into the cost of doing business. Emitting carbon becomes more expensive, and consumers and producers seek ways to use technologies and products that generate less of it. The market then operates as an efficient means to cut emissions, fostering a shift to a clean energy economy and driving innovation in low-carbon technologies. Complementary renewable energy and energy efficiency policies are also critical to cost-effectively drive down emissions.