A new climate change report backed by the United Nations, says that the world could reach a critical warming threshold in about years — by the early 2030’s. A key takeaway from the report is that, without urgent action, the world is running out of time to effectively mitigate the effects of increasing global warming. Meanwhile, lawmakers in some states and countries are turning to tax hikes to help achieve climate goals. One recurring proposal involves raising property tax rates to fund climate change adaptations. Can tax increases help combat climate change?
