> As the price rises, there becomes a greater incentive to seek other sources. This is not a valid or reliable mechanism for correcting misaligned incentives.

> As the price rises, there becomes a greater incentive to seek other sources. This is not a valid or reliable mechanism for correcting misaligned incentives. It may occur by happenstance but is not guaranteed to happen prior to significant damage to the commons. The point of a carbon tax is to create a direct mechanism that corrects incentives in the presence of market failure. I would suggest this article: https://en.wikipedia.org/wiki/Externality https://en.wikipedia.org/wiki/Externality