Carbon Conundrum

Carbon Conundrum

How to Save Climate Change Policy from Government Failure

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Politicians around the world have signed up to achieving carbon net zero by 2050. And several countries, including the UK and those in the EU, have struck a 'new green deal'. This puts environmental taxes and subsidies at the heart of energy policy. But it's created an immensely complex and costly merry-go-round in which even fossil fuels end up being subsidised. This chaotic system, say authors Philip Booth and Carlo Stagnaro, is wide open to regulatory capture - and to an ideologically motivated agenda. It is also less resilient to crises in energy supply, such as the one caused by Russia's ...