Could carbon pricing be the answer to climate change?

The author advocates for carbon pricing as a critical tool to meet Paris Agreement temperature targets by shifting the economic burden of pollution from the public to polluters. The text highlights the growth of the Carbon Pricing Leadership Coalition (CPLC) and the increasing adoption of internal carbon pricing by nearly 1,400 companies globally. It notes that approximately 40 countries, including Canada, have implemented carbon pricing, while others like China are developing large-scale systems. The author concludes that carbon pricing should be part of a broader strategy including energy-efficient buildings and clean-energy solutions to ensure economic vitality and environmental health.

• Carbon pricing is presented as the most efficient method for lowering global emissions while supporting sustainable economic growth and providing governments with revenue for public investments in health care, schools, and clean energy.
• There is a significant increase in corporate adoption of internal carbon pricing; the Carbon Disclosure Project reported that the number of companies using such mechanisms rose from 150 in 2014 to nearly 1,400 globally, including over 100 of the world's largest firms with $7 trillion in annual revenues.
• National and subnational governments are increasingly implementing carbon pricing, with about 40 countries including Canada already doing so, and the creation of large-scale markets in China and through an agreement between California, Ontario, and Québec.
• A May 2017 study by the High-Level Commission on Carbon Prices, led by Nicholas Stern and Joseph E. Stiglitz, concluded that a strong carbon price is necessary for both reducing emissions and maintaining growth and innovation.

APA

Sijbesma, F. (2017). Could carbon pricing be the answer to climate change? World Economic Forum. https://www.weforum.org/stories/climate-action/why-carbon-pricing-is-the-newest-solution-to-climate-change/

Chicago

Sijbesma, Feike. Could carbon pricing be the answer to climate change? World Economic Forum, 2017. https://www.weforum.org/stories/climate-action/why-carbon-pricing-is-the-newest-solution-to-climate-change/.

Wikipedia

{{cite press release |last1=Sijbesma |first1=Feike |title=Could carbon pricing be the answer to climate change? |publisher=World Economic Forum |date=21 November 2017 |url=https://www.weforum.org/stories/climate-action/why-carbon-pricing-is-the-newest-solution-to-climate-change/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{sijbesma2017could, author = {Sijbesma, Feike}, title = {{Could carbon pricing be the answer to climate change?}}, publisher = {World Economic Forum}, year = {2017}, month = nov, url = {https://www.weforum.org/stories/climate-action/why-carbon-pricing-is-the-newest-solution-to-climate-change/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }