Additional Benefits to Carbon Pricing

The image you provided illustrates the benefits of carbon pricing beyond just mitigation. Here’s a breakdown of the key areas and benefits highlighted in the diagram:

1. Transport:
   • Reduces congestion
   • Reduces road injuries
2. Soil Health:
   • Decreases soil contamination
   • Reduces the threat of groundwater depletion
   • Decreases soil acidification
3. Water Resources:
   • Decreases morbidity and mortality
   • Increases water availability
   • Decreases extraction
   • Reduces water pollution
   • Increases agricultural productivity
4. Air Quality:
   • Reduces morbidity
   • Increases crop yields
   • Reduces mortality
5. Fiscal:
   • Increases revenue
   • Reduces distortionary taxes
   • Covers the informal economy
   • Reduces tax evasion
   • Lowers administrative/compliance costs
6. Technology:
   • Increases technology transfer and adoption
   • Boosts low-carbon innovation
7. Balance of Payments:
   • Increases energy security
   • Helps macroeconomic stabilization

The image presents a holistic view of how carbon pricing, beyond its environmental goals, can bring broad social, economic, and health-related benefits across multiple sectors.

source :

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