Carbon pricing

Only two of the world’s 10 leading national economies don’t have carbon pricing programs: The United States and India. The World Bank’s Carbon Pricing 2018, published in May, reports 51 national and sub-national programs (in effect or scheduled to begin soon) that require companies that produce greenhouse gases, including carbon dioxide, to pay for their air pollution. The report notes that the number of such initiatives - either cap-and-trade or carbon taxes - rose sharply in 2017. This shows major movement for dealing with CO2 pollution.

Why the increasing support for carbon pricing? Because...