U.S. Emissions Rise 4.2%, China's Fall 2.7%

The US, like most democracies, is worse at long term planning. It needs robust incentives to counteract short term instincts.

A $100/ton carbon tax would raise $490b(based on 4.9 billion tons of co2 emissions[0]) per year that could be distributed to lower income households (to offset the effect, making the tax progressive) and be used to fund green energy investment.

0: https://ourworldindata.org/co2/country/united-states