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The neoclassical logic behind carbon pricing seeks to make companies factor the cost of pollution into their budgets. It's what's known as a Pigouvian Tax, and whether it actually succeeds in curbing emissions is secondary to whether it breeds efficiency.

Karl Marx, in an expression later popularized by sociologist John Bellamy Foster, called this disjuncture in the ecosystem capitalism's "metabolic rift."

Lost in this internecine dispute

transferring 40 percent of its economic interest [...] officious behavior that many protested

there can be no permanent 'outer' resolution or 'spatial fix' to the internal contradictions of capital