Error message

  • Deprecated function: Function create_function() is deprecated in include() (line 2 of /var/www/vhosts/mrmohankumar.cirrusvps.ca/httpdocs/sites/sites.php).
  • Deprecated function: Function create_function() is deprecated in include() (line 2 of /var/www/vhosts/mrmohankumar.cirrusvps.ca/httpdocs/sites/sites.php).

Basics of Carbon Pricing

_________________________________________________________________

 

  • Carbon Pricing: Government policy that puts a price on carbon emissions through

    • Carbon tax or

    • Cap and trade

  • Goals of carbon pricing:

    • incentivize emitters to reduce their greenhouse gas emissions

    • correct for a market failure: externalization of climate change and other environmental damage resulting from greenhouse gas emissions

 

_________________________________________________________________