Jayati Ghosh has a new article in Project Syndicate on “The High Cost of Carbon Pricing,” criticizing Western carbon pricing proposals that prioritize protectionism over decarbonization:
For carbon pricing to succeed, developed countries must demonstrate their commitment to shared prosperity by enabling knowledge-sharing and fostering equitable climate finance. If they continue to focus on border taxes on goods produced (mostly) in developing countries, their carbon-pricing efforts will fail. Worse, they will exacerbate global inequality and reinforce the perception that all their lofty rhetoric about the need for international cooperation to fight climate change is merely a fig leaf for cynical and self-serving policies.
