Carbon Pricing
- Carbon pricing is an instrument that captures the external costs of GHGemissions—the costs of emissions that the public pays for, such as damage to crops, health care costs from heat waves and droughts, and loss of property from flooding and sea level rise—and ties them to their sources through a price, usually in the form of a price on the carbon dioxide (CO2) emitted.
- A price on carbon helps shift the burden for the damage from GHG emissions back to those who are responsible for it and who can avoid it.
- According to World Bank, there are 2 main cornerstones of ....
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