Climate change and you
November 2009
- Climate change and youThe economics and politics of carbon pricing
Carbon pricing plays an important role in reducing carbon emissions. If we pay for carbon emissions, reducing them becomes financially desirable. Emission trading schemes have emerged as one policy instrument to deliver carbon prices. But will industry act on carbon prices or simply relocate to countries with lower carbon prices? How will consumers react to more costly products due to carbon pricing? What are the options for an international emissions trading scheme?