“How can we fight pollution using economics?”
There are many tools available to achieve sustainable development. The ones most often talked about on this blog are technological in nature. However, engineering is not the only way to fight for a cleaner future, and another tool at our disposal are those of economic nature. So let’s think of one possible solution using financial motivation. Well, it is commonly known that individuals do not like to have money taken away from them. So what if we were to take money away from people who pollute too much? This is the fundamental idea behind a carbon tax and can be used by policy makers to influence people to adopt more sustainable practices.