“implement a carbon tax then gradually deregulate”

Interesting idea. However, a carbon tax would disproportionately affect low-income families and small businesses. They would have to pay for the increased costs of goods and services as companies pass down the tax to consumers. Additionally, deregulation has proven to be effective in industries such as energy. For example, after the deregulation of the energy industry in Texas, the state saw a significant increase in the use of renewable energy sources. What do you think could be a possible solution to this issue?