I entirely support internalizing externalities across the board. I understand that in many cases, it's nearly impossible, but there are some that are big enough that they're clearly the correct choice. We've done this to some minor and inaccurate extent with cigarette and gas taxes. Taxing carbon seems like the obvious first step - expelling carbon is the most widespread activity in the consumer world. Determining the true cost is going to also be somewhat inaccurate, as it'll be based on the best models we can make at the time, but it's better than nothing. Agricultural products, etc., should all be reflective of their true cost.
I'd support legislation to keep people from cutting trees on personal (or federal) property, unless they can show they planted the tree. I don't care if you replace it - you don't get to cut it if you don't have the proper credentials showing it was planted by you or your ancestors. Bob Taylor from Taylor Guitars is undertaking an ebony project in Cameroon, where they are planting trees for harvest in 80-100 years. They GPS tag them and register them with the government, because in Cameroon, the state owns the tree unless you have proof of inheritance.
Paraphrasing the excellent Pulitzer Prize winning novel The Overstory, the earth has been slowly building a savings account for four billion years, and we're trying to extract and spend every penny of it in a lifetime. So yeah, everything's going to cost a bit more. Economic growth will slow to some degree. Sustainable growth can't compare to unsustainable extractive growth when you aren't paying a thing for that extraction.