The Role of Social Justice in Carbon Pricing: A Balance Between the Environment and the Economy

This article addresses the role of social justice in carbon pricing as a way to balance the environment and the economy. Carbon pricing is essential to reducing greenhouse gas emissions and stimulating innovations in renewable energy. However, policies must take into account unequal impacts on low-income communities, which often suffer from the repercussions of climate change. Through a fair carbon pricing structure, including revenue recycling and progressive pricing strategies, more equitable economic and environmental outcomes can be achieved. The participation of societies in decision-making and the ongoing assessment of the impact of policies is key to ensuring social justice in this context.