An interview by Ken Fullerton (YGC 2017). Learn more about the work of Sivendra Michael, a Young Global Changer from Fiji, who has designed programs to raise awareness for climate change issues.
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.
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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