Intro

This chapter delves into the significance of carbon pricing as a tool to achieve climate objectives, underlining its efficacy and cost-efficient nature in the battle against climate change. It points out the widespread adoption of carbon pricing mechanisms globally, showcasing the range of countries implementing such strategies and the varying price levels within these frameworks, despite notable absentees like the United States, India, Brazil, and Russia, and the issue of insufficiently high pricing to combat global warming effectively.