Earlier quoted context omitted.
Carbon tax gets proposed often, but it does not work on its own as a singular policy. Existing implementations of this see the money raised by the carbon tax diverted to equally environmentally costly ventures. There really is no easy way to incentivize a society driven by capital to be environmentally responsible because capitalism necessitates a near-sighted and self-centered approach to these things. Take the focu…
The reason carbon taxes work is because the upper echelons of society are responsible for far, far more carbon dioxide and pollution than the overwhelming majority of the world's population. Despite what we've been told, the planet won't be saved by worker-bees biking to work. It'll be saved by not having the ultra-wealthy flying everywhere in their private jets, and not spending tens of millions of dollars on multip…
On the other hand, a reasonable argument against the wealthy elite would be that they are likely to have the most significant influence on preempting policy that could help deal with climate change. They would have the most vested interest in maintaining the status quo, due to their positions at the head of industry, and their children would suffer the fewest consequences of unmitigated climate change.
But then again, there is also a significant number of voters, at least here in the United States, who aren't going to get behind any policy that may cost jobs and increase energy prices in the immediate term. And then there's China, putting out 27% of total global carbon emissions.
So as convenient as it would be to just blame the rich, climate change is simply too broad an issue to put on the shoulders of any one group or entity, even China.