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Any nation that implements a carbon tax will be at an competitive disadvantage, since you're compensating to reduce a global externality. It's a tragedy of the

Any nation that implements a carbon tax will be at an competitive disadvantage, since you're compensating to reduce a global externality. It's a tragedy of the commons.

tim333 1y ago
You could work out a global carbon tax system. Non cooperating nations would get trade sanctions costing them more than implementing the tax.