Equitable climate policies are required for a just and rapid energy transition. Here we model a novel carbon tax design accounting for the distribution of household consumption and carbon footprints across 88 countries covering the global north and south. The policy distinguishes luxury and...

After the Paris Climate Agreement, it is anticipated that carbon prices will differ across regions for some time. If countries use free allowance allocation as carbon leakage protection, only a fraction of carbon prices are passed through to consumers particularly by carbon intensive materials...