Carbon needs to cost at least $100/tonne now to reach net zero by 2050: Reuters poll – Reuters

  • Date: 25-Oct-2021
  • Source: Reuters
  • Sector:Oil & Gas
  • Country:Gulf
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Carbon needs to cost at least $100/tonne now to reach net zero by 2050: Reuters poll – Reuters

BENGALURU, Oct 25 (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.

The G20 group of large economies recognized carbon pricing for the first time as a possible tool at a meeting in Venice in Italy this year. read more