Unexpected carbon tax post-covid and Ukraine war
Could an unexpected carbon tax following the crises of the Covid and the Ukraine War accelerate the green transition?
The much sought-after carbon pricing has virtually happened since 2021 with the price hike of oil and natural gas, which is equivalent to a significant carbon pricing. Such carbon taxation was considered the missing piece to cope with a green transition.
Will it trigger an unrelenting move towards a net-zero economy? Or will it resurrect coal mining? And will it end in checks of free money for the people to consume fossil fuels?