CARBON PRICING STILL TO MILD TO FIGHT CLIMATE CHANGE, CONCLUDES THE OECD
October 1st, 2018
AN ORGANISATION for Economic Cooperation & Development (OECD) report has concluded that carbon pricing worldwide is still too low to force sufficient changes in behaviour and economic activity to limit climate change. The shortfall of carbon prices and real climate costs - estimated at EUR30 per tonne of CO2 - is 76.5% this year (2018), said the OECD. And while this compares favourably with the 83% carbon gap reported in 2012, progress is “still insufficient” concluded the report, which projected that at current rates of change, carbon prices will ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.