
Ecological Transition, Carbon Taxation, and the Competitiveness of Businesses: the European Gamble
Climate change is a global problem that requires global solutions. One significant cause of the phenomenon is greenhouse gas emissions associated with high-carbon-intensity production. Left to their own devices, businesses generally do not consider the negative impact of their emissions on the climate when making production decisions. Hence the idea of using a tax on greenhouse gas emissions (also known as a "carbon tax"), which imposes a "fair price" on such emissions for companies, forcing them to internalize the damage caused to the climate by high-carbon-intensity production. Unfortunately, ...