Should all emitters of CO2 be required to pay the full environmental and social costs of their carbon emissions

Need 400-word minimum paper with 2 references:

Should all emitters of CO2 be required to pay the full environmental and social costs of their carbon emissions? Explain how that would help create a sustainable society. How could this be accomplished? What would be the effects? For example, what would happen if full-cost pricing for gasoline was put into effect in the US? Explain.