Dr. Aykut Mert Yakut:

Price is one of the basic determinants of the consumption decisions of consumers. If the price of a commodity increases, we expect the consumption of that commodity to decrease. On other options, transportation may be electrified, for example, and electricity can be produced from more renewable sources. This is also an option, but there is an investment cost. People can change their heating system at home, but this also involves a cost for the households or the Government. Someone must cover the cost. Increasing carbon tax works in two ways. It disincentivises the use of fossil fuel related commodities while at the same time collecting revenue to finance investment to change the way of doing business in the country. Otherwise, a government must find some fund from somewhere else or cut other expenditure to finance all the expenditure in question. Therefore, there is another political economy issue.