Writing in the United Nations Conference on Trade and Development’s Trade and Environment Review 2009/2010, Ackerman argues that setting a price for carbon emissions is only the beginning of climate policy – not the end.

While carbon prices will change energy costs, energy consumption and carbon emissions, relying on carbon markets alone would be ineffective and inequitable, so other policies are needed to offset the equity impacts of higher fuel costs and spur the development of new low-carbon technologies.

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