Carbon taxes are one of the most talked-about tools in tackling climate change. By putting a price on emissions, they aim to fix a market failure: the true costs of climate damage aren’t built into the price of fossil fuels. But how far can this tool really take us?

This episode gives a Carbon Tax 101—what it is, why economists like its simplicity, and how it can cut emissions. We also look at the challenges, from fairness concerns to whether pricing alone can drive the big shifts we need.

Join David Carlin and Simon Messenger as they explore the promise and pitfalls of carbon taxes, and ask: is this the solution, or just one piece of a bigger puzzle?