Incentivizing the Mitigation of Carbon Emissions

Photo courtesy of Marcin Jozwiak

The emission of carbon and other greenhouse gasses is one of the most pressing environmental threats today. In 2021 carbon dioxide emissions totaled 36.3 billion tons, the highest level recorded and a rise of 6% from the previous year. Data shows that these emissions have already raised global temperatures by 0.8 degrees Celsius. While this may not seem drastic, scientists predict that if temperatures increase by 2 degrees Celsius, the consequences of this warming trend will bring severe consequences including food shortages, heat waves, and intense storms. Further, it is also predicted that an increase of 1.5 degrees Celsius has already been ‘locked in’, making