Why price greenhouse gas emissions?
Global carbon pricing will not allow the 2 °C by the end of the century

In 1968, Garrett James Hardin (1915-2003) was the first theorist to lay the modern foundations of environmental economics in a famous publication entitled The Tragedy of the Commons . J.H. Garrett highlighted the competition for limited natural resources when they are freely available to all. This competition in the public domain leads, in the short or long term, to the destruction of resources.

Thus, the Earth's atmosphere's function as a climate regulator must be considered as a public...