Putting the genie back: Why carbon pricing matters

n this second book in the Putting The Genie Back series, David Hone looks at  to the political response to the issue. The question facing any government as it confronts the task of reducing national carbon dioxide emissions is where to start and what to do first, almost certainly carbon pricing. Carbon pricing has enormous potential to shift global energy investment and help the least developed economies muster the funds they need to build sustainable energy systems. Most importantly, carbon pricing offers the prospect of not only solving the carbon emissions problem, but doing so equitably and at lowest cost to society. So why are we shunning this policy solution in favour of indirect and often more expensive pathways.