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🛢💸 The real deal about Carbon Pricing: Difference between revisions
🛢💸 The real deal about Carbon Pricing (view source)
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Carbon pricing continues to grow with new countries joining: as of 2019, 25 carbon taxes and 26 Emissions Trading Schemes were operating worldwide, generating $45B in revenues with respectively 52% from carbon taxes and 48% from ETS.<ref>source: <i>Global Carbon Account 2019</i>, Institute for Climate Economics (I4CE), 2019. | Carbon pricing continues to grow with new countries joining: as of 2019, 25 carbon taxes and 26 Emissions Trading Schemes were operating worldwide, generating $45B in revenues with respectively 52% from carbon taxes and 48% from ETS.<ref>source: <i>Global Carbon Account 2019</i>, Institute for Climate Economics (I4CE), 2019. | ||
https://www.i4ce.org/wp-core/wp-content/uploads/2019/05/i4ce-PrixCarbon-VA.pdf | https://www.i4ce.org/wp-core/wp-content/uploads/2019/05/i4ce-PrixCarbon-VA.pdf | ||
Adoption of the Paris Agreement, Article 02, (c), UNFCC, 2015. | |||
source: https://unfccc.int/resource/docs/2015/cop21/eng/l09r01.pdf</ref> It is still considered today that one of the main efforts to mitigate climate change would come from finance mechanisms. “Making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development”° was one of the objectives of the 2015 Paris Agreement, following Kyoto Protocol. | source: https://unfccc.int/resource/docs/2015/cop21/eng/l09r01.pdf</ref> It is still considered today that one of the main efforts to mitigate climate change would come from finance mechanisms. “Making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development”° was one of the objectives of the 2015 Paris Agreement, following Kyoto Protocol. | ||