Yes, indeed, feedback mechanisms should work in economics, too; this reminds me of pioneering work by Ernst Ulrich von Weizsäcker in the 1980ies, e.g. an energy tax (https://www.spiegel.de/wirtschaft/steuern-fuer-die-umwelt-a-af8e0034-0002-0001-0000-000013530902), i.e. tax the system at a point that drives the economy: energy.

Now this point of taxation has to be moved upstream to the moment of generation of usable energy by combustion of fossil fuels (at about 30-40% efficiency) and emission of C)2, the CO2 tax. It sounds reassuring that the UK's ex PM Gordon Brown talks about taxation at the source: https://www.bbc.co.uk/news/uk-politics-66906395

To blow my own trumpet, I would be in favour of something more generic: taxation of resource extraction at the most up-stream moment: https://medium.com/@peter-wurmsdobler/gaia-tax-a-compensation-for-extracting-earths-resources-246db92aa550