Environmental Capital provides daily news and analysis of the business of the environment. It tracks how growing green concern, particularly over climate change, is roiling established industries and spurring new ones – and how that shift is affecting investors, consumers and the planet.

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Emissions Impossible: Norway Taxes Carbon, Emissions Rise

Posted on September 30, 2008

The big debate over how to tackle climate change generally boils down to what kind of pain a climate plan will do to the economy; environmental benefits are generally assumed.Cleaner, but not clean enough (AP)But what if the economic pain doesnt even translate into environmental gain? Thats what happened in Norway, a pioneer in putting a pricetag on carbon emissions almost twenty years ago. Net result? Carbon emissions have increased 15% since then. Leila Abboud writes today in the WSJ:It wasn't supposed to be this way. By making it more expensive to pollute, carbon taxes should spur companies...

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