Could carbon pricing incentivise governments to reduce emissions?

Carbon pricing creates a financial incentive to reduce greenhouse gas emissions. Done well, it could make carbon the most important commodity in the world. “The carbon market is the centrepiece of Québec’s strategy for fighting climate change”, said David Heurtel, Minister of Sustainable Development, Environment and the Fight Against Climate Change, who in February spoke about the province’s latest whip-round. In keeping with ambitions to slash greenhouse gas (GHG) emissions by 20 percent and launch a raft of sustainability projects […]