🛢💸 The real deal about Carbon Pricing: Difference between revisions

🛢💸 The real deal about Carbon Pricing (view source)

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→‎What is carbon pricing and what concepts stand behind it?

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 source: https://ec.europa.eu/clima/policies/ets/auctioning_en</ref> Both options are now used by some governments, as free allowance is now seen by newcomers as a soft transition towards auctioned allowances.
 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</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”<ref>Adoption of the Paris Agreement, Article 02, (c), UNFCC, 2015.
-Adoption of the Paris Agreement, Article 02, (c), UNFCC, 2015.
+source: https://unfccc.int/resource/docs/2015/cop21/eng/l09r01.pdf</ref> 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.
 ==What are the flaws of carbon pricing?==