Taxes are hands down the best way to handle this “as long as there’s demand someone will produce supply” tragedy of the commons. Taxes can be progressively introduced and are completely compatible with our existing legislative, legal, accounting frameworks. They also scale naturally with usage, impacting large users disproportionately with smaller users. It will also disproportionately increase prices for carbon-intensive products and services. Proceeds can be applied towards climate mitigation solutions and climate tech research.
This will not solve all problems. But it would be unreasonable to suggest that some incremental tax would not have beneficial effects. Tax oil at the source. Right now oil is one of the most profitable industries in the world. That is not a tenable or stable position.