this post was submitted on 29 Apr 2025
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Carney also brings with him an environmental focus. Though, as a lifelong economist, his preferred tools for getting to net zero are the tools he is most comfortable using - economic and policy pressure on the market.
I see him using the still existing industrial carbon pricing system to incentivize industry to green up it's act.
In his book he also suggested that corporate bonuses should be shifted to punish/reward executives personally on factors including the level of negative externalities their decisions cause.
Yeah we'll see. I'm fairly pessimistic.