Abstract:
To accept carbon pricing, citizens desire viable alternatives to fossil fuel-based options. As inflation and higher interest rates have exacerbated access barriers for capital-intensive green substitutes, the political success of carbon pricing will be measured by how well policy design enables consumers to switch.
Citation:
Funke, F., Mattauch, L., Douenne, T., Fabre, A., & Stiglitz, J. E. (2024), 'Supporting carbon pricing when interest rates are higher', Nature Climate Change, 14(7), 665–667. https://doi.org/10.1038/s41558-024-02040-z