carbon pricing and markets

Carbon pricing and markets refer to the approach of putting a financial cost on emitting carbon dioxide and other greenhouse gases, aiming to encourage the reduction of emissions. This involves setting a price or tax on each unit of emitted carbon, creating a market where businesses can buy and sell emission allowances or credits. By providing economic incentives, carbon pricing and markets aim to promote cleaner technologies and practices, ultimately mitigating climate change and fostering a low-carbon economy.

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