Why the world must set a price on carbon
December 20, 2023
Featured Members
The 90,000 people and nearly 200 nations who attended the U.N. COP28 climate conference in Dubai this month missed an historic opportunity. To move beyond the woefully inadequate level of climate action since the 2015 Paris Accords, the world must agree to put a global price on carbon. In one stroke, this would recalibrate consumer demand, set the market in motion, reduce emissions, and spur innovation. If only world leaders had remembered the immortal words of legendary investor Charlie Munger: “Show me the incentive, and I’ll show you the outcome.”
