Using less fossil fuel is crucial in the battle against climate change. But businesses don’t have much of an incentive to make changes unless low-carbon technology is cost-effective. That’s where carbon pricing comes in, writes We Mean Business. Read more.
Five months after the UN Climate Leadership Summit, with its unprecedented call to action for putting a price on carbon, low oil prices have provoked governments to look again at whether they have prices right and to consider how to exploit a golden opportunity to reset signals within their economies for lower-carbon growth.
With carbon pricing policies emerging around the world and the recent show of public support for carbon pricing from 74 national governments and more than 1,000 businesses, one piece of the puzzle that needs to be solved is how to connect systems to create an international carbon pricing framework.