text: Thistwo-part seriesconsiders the probability of success of carbon pricing and an alternative approach. Part 1, Why carbon pricing will not succeed , is an edited extract from my submission to the Australian Senate inquiry into repeal of the carbon tax legislation ( Submission No 2; Mr Peter Lang ). Part 1 explains why carbon pricing cannot succeed unless it is global, and global carbon pricing is unlikely to be achieved, let alone sustained for the time until the job is done (centuries).