Green Pulse Ep 58: Overcoming obstacles to pricing carbon right (Pt 2) 17:36 mins Synopsis: Every first and third Monday of the month, The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change. Climate scientists have sounded the alarm bells. Now, it is time for policy makers to act. One strategy to reduce emissions of planet-warming gases is by putting a price on carbon. By making emitters pay to pollute, the hope is that they take serious action to curb their release of carbon dioxide. But how effective have carbon pricing schemes been, and will they result in higher costs for the rest of society?  In this episode, environment correspondent Audrey Tan and climate change editor David Fogarty discuss the issue with Dr Vinod Thomas, a visiting professor at the National University of Singapore who was a former World Bank vice-president.  They discuss the following points:  How effective are existing carbon pricing schemes? (1:24)  How buying climate credits from nature-based solutions can benefit more than just climate (5:50)  What are the obstacles to pricing carbon right? (9:00)  How feasible is it for Singapore to implement schemes, such as the carbon fee and dividend, which channel revenue from carbon pricing back to people? (13:05) Understand more about a carbon price floor: https://blogs.imf.org/2021/06/18/a-proposal-to-scale-up-global-carbon-pricing/ Produced by: Audrey Tan ([email protected]), David Fogarty ([email protected]), Ernest Luis & Hadyu Rahim Edited by: Hadyu Rahim Subscribe to Green Pulse Podcast series and rate us on your favourite audio apps: Channel: https://str.sg/JWaf Apple Podcasts: https://str.sg/JWaY Spotify: https://str.sg/JWag Google Podcasts: https://str.sg/J6EV  Website: http://str.sg/stpodcasts Feedback to: [email protected] Follow Audrey Tan on Twitter: https://str.sg/JLMB Read her stories: https://str.sg/JLM2 Follow David Fogarty on Twitter: https://str.sg/JLM6 Read his stories: https://str.sg/JLMu --- Discover more ST podcast series: Health Check Podcast: https://str.sg/JWaN ST Sports Talk Podcast: https://str.sg/JWRE Life Weekend Picks Podcast: https://str.sg/JWa2 #PopVultures Podcast: https://str.sg/JWad Bookmark This! Podcast: https://str.sg/JWas Lunch With Sumiko Podcast: https://str.sg/J6hQ Discover BT Podcasts: https://bt.sg/pcPL Follow our shows then, if you like short, practical podcasts! See omnystudio.com/listener for privacy information.