About the problem
A national carbon tax is currently implemented in 25 countries around the world, including various countries in the EU, Canada, Singapore, Japan, Ukraine and Argentina. However, according to the 2019 OECD Tax Energy Use report, current tax structures are not adequately aligned with the pollution profile of energy sources. For example, the OECD suggests that carbon taxes are not harsh enough on coal production, although it has proved to be effective for the electricity industry. A carbon tax has been effectively implemented in Sweden; the carbon tax is USD $127 per tonne and has reduced emissions by 25% since 1995, while its economy has expanded 75% in the same time period.
Further, organisations such as the United Nations are not fit to deal with the climate crisis: it was assembled to prevent another world war and is not fit for purpose. Anyway, members of the UN are not mandated to comply with any suggestions or recommendations made by the organisation. For example, the Paris Agreement, an agreement within the United Nations Framework Convention on Climate Change, says that countries need to reduce greenhouse gas emissions significantly so that global temperature rise is below 2 degrees Celsius by 2100, and ideally under 1.5 degrees. But signing on to it is voluntary, and there are no real repercussions for non-compliance. Further, the issue of equity remains a contentious issue whereby developing countries are allowed to emit more in order to develop to the point where they can develop technologies to emit less, and it allows some countries, such as China, to exploit this.