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October 1, 2021

In theory putting a price on carbon emissions should incentivise businesses to stop polluting. So why have carbon markets failed to achieve their goal of reducing global emissions? Read more

00:00 - Has putting a price on emissions worked?
00:27 - Where do carbon markets come from?
01:42 - How does ‘cap and trade’ work?
03:22 - Why aren’t carbon markets reducing emissions?
04:15 - What are the loopholes?
05:24 - What are the solutions?

Find The Economist’s most recent coverage on climate change:

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What’s the cheapest way to decarbonise?:

Listen to the new podcast on tackling climate change:

Read more about how carbon prices can be used:

Listen to the money talks podcast episode on pricing pollution:

What is the role of green investment?

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