environmental justice and carbon pricing

Environmental justice refers to the fair and equitable distribution of environmental benefits and burdens among different social groups, particularly targeting historically marginalized communities. It aims to ensure that all individuals, regardless of their socioeconomic status, race, or ethnicity, have equal access to a safe and healthy environment. Carbon pricing, on the other hand, is a policy tool that places a monetary value on greenhouse gas emissions, particularly carbon dioxide. It aims to internalize the environmental costs associated with carbon emissions by imposing fees or taxes on industries that release greenhouse gases. This serves as an economic incentive for companies to reduce their emissions and transition towards more sustainable practices.

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