For Decarbonization, Carrots May Be Popular, But They’re Far More Expensive Than Sticks

An illustration featuring carrots and diverging graphs.

The Inflation Reduction Act relies far more heavily on carrots than it does on sticks to induce industries to mitigate their carbon emissions. Tax credits for technologies such as carbon capture and sequestration actually exceed the costs companies would incur to implement and operate them, making the tax credits potentially valuable revenue streams. In some […]