Carbon Pricing

The video discusses cap and trade as a market-based approach to managing carbon emissions, highlighting its benefits over regulatory methods. It uses the example of acid rain to demonstrate that environmental solutions can coexist with economic growth. California's successful cap and trade program is examined, showing its positive economic impact. The video also explores carbon tax as a simpler alternative, citing successful implementations in Canadian provinces.

What is the primary mechanism used in cap and trade to manage carbon emissions?

How does cap and trade create financial incentives for companies to reduce emissions?

What example is given to illustrate the success of addressing environmental issues without harming the economy?

What was the economic outcome for California after implementing its cap and trade program?

How did British Columbia's carbon tax impact its economy compared to other provinces?