Drinking water: Carbon pricing revenues could close infrastructure gaps

"It's possible to finance the drinking water supply in the majority of countries worldwide by the year 2030," says Dr. Michael Jacob, lead author of the study from the Mercator Research Institute on Global Commons and Climate Change (MCC) in Berlin. In India alone, a carbon tax would generate around 115 billion US dollars a year, "and only a fraction of that would be needed for clean water, meaning that enough money would remain for sanitation and electricity," said the researcher. In fact, the