carbon pricing and trading

Carbon pricing and trading refers to a market-based approach aimed at addressing the issue of carbon dioxide emissions. It involves setting a price on carbon emissions, usually through levies or taxes, to incentivize the reduction of greenhouse gas emissions. Additionally, it allows entities to trade carbon credits, which represent the right to emit a certain amount of CO2. This system encourages companies to limit their emissions and rewards those who can effectively reduce their carbon footprint by providing them with the opportunity to profit from selling unused credits.

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