Weibold Academy: State and trends of carbon pricing (World Bank Report 2022)
Carbon pricing is a policy tool that governments can use as part of their broader climate strategy. A price is placed on greenhouse gas emissions, which creates a financial incentive to reduce those emissions or enhance removals. By incorporating climate change costs into economic decision-making, carbon pricing can help encourage changes in production, consumption, and investment patterns, thereby underpinning low-carbon growth.
