carbon pricing instruments (Q725)
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Carbon pricing places a cost on emissions, incentivizing businesses to innovate and reduce emissions efficiently by making them pay for the societal impacts of their carbon output.
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | carbon pricing instruments |
Carbon pricing places a cost on emissions, incentivizing businesses to innovate and reduce emissions efficiently by making them pay for the societal impacts of their carbon output. |
|
Statements
Carbon pricing instruments assign a cost to carbon emissions, encouraging businesses to reduce emissions at the lowest cost. By charging for the societal costs of carbon—such as damage from rising sea levels or health impacts—these policies shift financial responsibility from the public to polluters, promoting investment in cleaner technology.