My sense was that the initiative was formulated to appeal to two different groups of voters but in doing so ended up alienating both.
But every time I try to explain it in France, I'm answered "But you don't realize! Poor people won't be able to afford a car or meat and they'll be the first ones to go bankrupt!". Which is why I say: Fusionning socialism and ecology in France, where all ecologist groups are leftish, badly hurts their work. A right-wing ecology who isn't adverse to capitalism would come up with a CO2 tax with success and actually do something against global warming.
A good solution to that would be to payout all of the proceeds of the carbon tax split evenly between everyone. That way people with below average carbon emissions will actually end up with more money than they had before, though they would still be incentivized to emit less.
A carbon tax is one of the best ways to address CO2 pollution.