Carbon pricing has been proposed by both policymakers and scientists as one of the many solutions that can transition our economy to achieve netzero amid the ongoing climate crisis.

This instrument works to capture the exportable price of carbon caused by polluters that results in financial costs to the public, such as damages to property resulting from rising sea levels, health care costs from heatwaves and droughts, as well as damages to crops.

Carbon pricing is advancing as a critical tool for governments and business pursuing climate action.

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