> Is the depletion of oil and gas reserves not enough incentive?
No, because the problems that face a commons do not create an incentive for the individual. You need to learn this concept:
No, because the problems that face a commons do not create an incentive for the individual. You need to learn this concept:
This is not a valid or reliable mechanism for correcting misaligned incentives. It may occur by happenstance but is not guaranteed to happen prior to significant damage to the commons. The point of a carbon tax is to create a direct mechanism that corrects incentives in the presence of market failure. I would suggest this article: