Translations:Sustainable energy/89/en

Carbon pricing

Carbon pricing (such as a tax on CO
2 emissions) gives industries and consumers an incentive to reduce emissions while letting them choose how to do so. For example, they can shift to low-emission energy sources, improve energy efficiency, or reduce their use of energy-intensive products and services. Carbon pricing has encountered strong political pushback in some jurisdictions, whereas energy-specific policies tend to be politically safer. Most studies indicate that to limit global warming to 1.5 °C, carbon pricing would need to be complemented by stringent energy-specific policies.