Why is everyone talking about Carbon Pricing?

What if the cost of carbon emissions was paid at the source, where choices about fuel use are made and not in the form of developmental, economic, and health costs? How would that change the incentive structure underpinning our global reliance on fossil fuels?

That's the idea behind carbon pricing. It shifts the social costs of climate change to the source of the pollution, encouraging polluters to reduce emissions and invest in clean energy and low-carbon growth.

 

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