Europe’s position is not surprising given many of its countries have set ambitious carbon neutral goals. The region’s European Union Emissions Trading (EU ETS) is the world’s largest carbon market, ...

As climate change bakes the planet, dozens of nations and many local governments are putting a price tag on greenhouse gas emissions that are increasing flooding, droughts and other costly ...

Economists worldwide point to carbon pricing as the most effective way to reduce emissions. Why? Because carbon pricing reduces greenhouse gas (GHG) emissions to the lowest cost possible, where that ...

Emissions trading schemes generate majority of this revenue, over half of which funds climate and nature programs WASHINGTON, May 21, 2024 — In 2023, carbon pricing revenues reached a record $104 ...

If global warming is to be limited, the world must forget fossil fuels as fast as possible—that much almost everyone agrees upon. How to do so is the complicated part. Economists have long favoured ...

Adopting a global carbon pricing scheme could help countries streamline supply chains and mitigate concerns about competition, according to the head of the World Trade Organization (WTO). “A shared ...

Carbon pricing is considered the most efficient policy to reduce greenhouse gas emissions but it has also been conjectured that other policies need to be implemented first to remove certain economic ...

The European Union and Brazil urged other countries to embrace mechanisms that put a price on carbon and develop carbon ...

The current approach to fixing climate change is not promising. Not only are many efforts going into the net-zero project, but the outcome is always the bathtub metaphor. In further words, even if ...

WASHINGTON, May 24, 2022—Global carbon pricing revenue in 2021 increased by almost 60 percent from 2020 levels, to around $84 billion, providing an important source of funds to help support a ...

Few topics annoy green activists as much as air travel. Planes account for a sliver of total carbon-dioxide emissions— roughly 2.5%—but unlike heating, other transport and electricity, journeys on ...