Carbon tax

Carbon pricing offers no guarantee of emissions cuts, report finds

A recent World Bank report offers a very mixed bag for anyone hoping the spread of carbon pricing — via taxes or permit trading — could help bring steep cuts in worldwide emissions.

Reproduced from a World Bank report. Chart: Axios Visuals

Why it matters: The bank's latest look at pricing trends follows global CO2 emissions increases in 2017 and 2018 that ended a 3-year plateau.

The big climate-change disconnect

Illustration of a see saw with frustrated emoji on one side and a money emoji on the other
Illustration: Rebecca Zisser/Axios

More people around the world say they’re worried about climate change — but that concern is not translating into a willingness to pay more for energy or vote for candidates supporting aggressive action on the issue.

Driving the news: At least 3 recent developments show this stark disconnect: In Australia, Washington state and France.