To achieve the Paris Agreement goals and limit global temperature rise this century to 1.5°C, the global economy must be rapidly transformed. A carbon price is needed to incorporate climate change costs into economic decision-making to significantly reduce U.S. greenhouse gas emissions, particularly in the electricity sector. However, a carbon price is not a silver bullet for addressing climate change. Complementary policies to a carbon price are needed. These policies and programs must address market barriers and drive deep emissions cuts over the long-term. [2]
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/putting-price-carbon-evaluating-carbon-price-and-complementary-policies-15%C2%B0-world
[2] http://www.indiaenvironmentportal.org.in/files/file/putting-price-carbon.pdf
[3] http://admin.indiaenvironmentportal.org.in/category/author/kevin-kennedy
[4] http://admin.indiaenvironmentportal.org.in/category/publisher/world-resources-institute
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/carbon-dioxide
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/carbon-tax
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/carbon-market
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/emission-targets
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/united-states-america-us
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/green-house-gases
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/electricity