This publication discusses how carbon pricing instruments can be designed to help achieve net-zero greenhouse gas (GHG) emission targets while enabling economic recovery from the coronavirus disease (COVID-19) pandemic. Carbon pricing is a key element of the broader climate policy architecture that can help countries reduce GHG emissions cost-effectively, while mobilizing fiscal resources to foster green recovery and growth. The publication introduces carbon pricing instruments that can help countries design and implement an efficient climate change response. It also underscores the important role of carbon pricing in achieving nationally determined contributions and developing road maps for longer-term net-zero GHG emission targets.
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