Businesses and governments are increasingly using carbon prices to drive the cost-efficient transition to a low-carbon economy, however, a key challenge for implementation has been the fear of reduced economic competitiveness, writes Anamaria Deduleasa.
To date, 42 countries and 25 sub-national jurisdictions are pricing carbon. Together they are responsible for more than 22% of global emissions.
Additionally, the number of carbon pricing initiatives implemented or scheduled for implementation has almost doubled over the past five years, reaching 47 in 2017.
