10/24/2023 - WorldOra's Carbon News
Carbon Market Watch follows carbon pricing developments across the world, uncovers policy loopholes and advocates for strong carbon pricing measures as part of the policy mix to stop the climate crisis.
Carbon pricing is the implementation of the polluter pays principle for greenhouse gasses, usually in the form of either a carbon tax or a requirement to purchase permits to pollute, commonly referred to as a cap and trade or emissions trading scheme.
A robust, predictable and rising carbon price is needed to reflect the true cost on society of greenhouse gas emissions. We need a clear signal to industry to reduce pollution more rapidly, invest in climate-friendly alternatives, and spur further low-carbon innovation.