What if we start taxing carbon-intensive products such as electricity and gasoline, and at the same time compensate low-income households? Hauke Ward and colleagues did just that in a computer simulation for Peru, with a remarkable outcome. Not only does the approach tackle climate change, but it could also lead to a significant reduction in the poverty headcount.
Click here for original story, Promising test in Peru: Tackling climate change while reducing poverty
Source: Phys.org