How do your propose we manage the negative externality of co2 and ensure a good future? A carbon tax in one way of internalizing the costs of co2 that are curr

How do your propose we manage the negative externality of co2 and ensure a good future? A carbon tax in one way of internalizing the costs of co2 that are currently not borne by any of the relevant market participants. It can also be done in a revenue neutral way with a matching “carbon dividend” that is given back to the citizens. Is there another effective way?