What is carbon pricing, and why is it reshaping our world? Carbon pricing is a groundbreaking approach to tackling climate change by putting a price on greenhouse gas emissions. Whether through a carbon tax that charges per ton of CO2 or a cap-and-trade system that allows trading of emission permits, this strategy is designed to cut pollution and drive innovation. Curious about how it impacts you? Learn about the current price of carbon credits, the social cost of carbon, and how these policies influence both the environment and your daily life. Dive into our guide to explore how carbon pricing is transforming our economy and why it's a crucial step toward a sustainable future.
Carbon pricing is a strategy to combat climate change by imposing costs on greenhouse gas emissions, encouraging a reduction in the use of coal, oil, and gas. It captures the external costs of emissions, linking them to their sources to address public expenses like healthcare, property loss, and damage to crops.