carbon pricing and innovation

Carbon pricing refers to the implementation of a financial mechanism that puts a cost on carbon emissions, such as a tax or a cap-and-trade system. This is done with the aim of reducing greenhouse gas emissions and encouraging businesses and individuals to adopt cleaner and more sustainable practices. Innovation, in this context, pertains to the development and adoption of new technologies, products, and processes that help reduce carbon emissions and mitigate climate change impacts. Therefore, "carbon pricing and innovation" refers to the combination of economic incentives and advancements in technology to drive the transition towards a low-carbon economy.

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