Carbon price

Rarity: Common

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At a glance

Class

Notion

Domain

Science and technology

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What Wikipedia says

Carbon pricing (or CO2 pricing) is a method for governments to mitigate climate change, in which a monetary cost is applied to greenhouse gas emissions. This is done to encourage polluters to reduce fossil fuel combustion, the main driver of climate change.

Excerpt from the Wikipedia article “Carbon price”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

Image: The World Bank, CC BY 3.0, via Wikimedia Commons.