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As the world heats up, could 'carbon clubs' supercharge climate action?

Forbes' David Vetter explores a new working paper by Bethan Adams, Kaya Axelsson and Adam Parr on the concept of an international "Carbon Club." A Carbon Club is a group of countries who individually introduce a Border Carbon Adjustment (BCA) on carbon-intensive imported goods, working independently but in parallel. Adam Parr told Vetter that "Pricing signals are a fundamental principle of how markets operate, and taxing bad stuff is a fundamental tax principle of how governments operate."