Carbon needs to cost at least $100/tonne now to reach net zero by 2050 : Reuters poll By Reuters – Investing.com
Carbon needs to cost at least $100/tonne now to reach net zero by 2050 : Reuters poll By Reuters – Investing.com
By Prerana Bhat
BENGALURU (Reuters) - Setting the global average price of carbon per tonne significantly higher at $100 or more is necessary right away to incentivise net zero emissions by 2050, according to a Reuters poll of climate economists.
Carbon pricing has come to the forefront of policy measures seen as ways to reduce emissions to a level consistent with the Paris Agreement target of less than 1.5-2 degrees Celsius of warming.
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