carbon pricing and sustainable development

Carbon pricing refers to the implementation of economic policies, such as a tax or cap-and-trade system, that aim to put a price on carbon emissions. This is done to discourage the release of greenhouse gases and incentivize cleaner, more sustainable alternatives. Sustainable development, on the other hand, refers to an approach that balances environmental, economic, and social factors to meet present needs without compromising the ability of future generations to meet their own needs. Therefore, "carbon pricing and sustainable development" refers to the use of pricing mechanisms to promote sustainable practices, ensuring economic growth while reducing carbon emissions and addressing climate change.

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