Carbon taxing works well when it's applied - but it's very hard to create the political consensus to impose it. For example, the high cost of fuel in Europe has driven cars to an average MPG equivalent of 45 versus the average of 33 in US. That's nothing to sneeze at, it's 40% more for a given amount of CO2 - and that's after the continous fuel efficiency improvements happening on both sides in recent decades: https://img.washingtonpost.com/blogs/ezra-klein/files/2012/0...
However, the EU fuel taxes are not actually carbon taxes, they are road taxes. Imposing the same tax on industry and power generation, as pure carbon taxes, would have immense political blow back.
So I really wonder how do you think "ban all non-renewable electric stations and cement factories" would work if we can't even accept a 3-10% price increase on these products?