How do you fairly raise those revenues that'd fund the trillions of dollars worth of mitigation efforts? People who disproportionately generate CO2 emissions are disproportionately responsible for the need for mitigation efforts.
So Lomborg's argument isn't so much against putting a Pigouvian tax on carbon emissions, as it is earmarking the revenues derived from those emissions for mitigation efforts instead of using it to pay down deficits or pay for other services. Which is certainly something I can agree with, but it seems politically implausible. First lets get a carbon tax.