In theory putting a price on carbon emissions should incentivise businesses to stop polluting. So why have carbon markets failed to achieve their goal of reducing global emissions? Read more here: https://econ.st/3mi51Eo<br /><br />00:00 - Has putting a price on emissions worked?<br />00:27 - Where do carbon markets come from?<br />01:42 - How does ‘cap and trade’ work?<br />03:22 - Why aren’t carbon markets reducing emissions?<br />04:15 - What are the loopholes?<br />05:24 - What are the solutions?<br /><br />Find The Economist’s most recent coverage on climate change: https://econ.st/3zCt2uW <br /><br />Sign up to The Economist’s daily newsletter to keep up to date with our latest stories: https://econ.st/3gJBH8D<br /><br />What’s the cheapest way to decarbonise?: https://econ.st/3iSDtVm<br /><br />Listen to our new podcast on tackling climate change: https://econ.st/3Fcx2pA <br /><br />Read more about how carbon prices can be used: https://econ.st/3AXBjdS <br /><br />Listen to our money talks podcast episode on pricing pollution: https://econ.st/3kOIEXB <br /><br />What is the role of green investment?https://econ.st/3zLVz0I
