Putting a price on carbon

Carbon pricing means putting a price on carbon emissions to mitigate global climate change. A carbon tax is a form of carbon pricing. Another option is a permit-based emissions trading system (ETS). The European Union created the EU ETS, the world’s first major carbon market on which companies are allowed a limited number of emission permits. It helped the EU put a cap on the level of greenhouse gas emissions.

How do we build climate resilient societies?

Sustainable development involves a paradigm change in individuals’ behavior, enterprises’ purposes, and governments systems. This requires the alignment of societal interests and business models to incentivize environmentally-friendly practices and collective action.

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