Article 6 of the Paris Agreement established a framework for countries to cooperate in achieving their climate commitments (nationally determined contributions, NDCs), using market mechanisms to enable greater ambition than they could achieve independently. The Paris Agreement implementing guidance finalized …
Carbon border adjustments, also referred to as “carbon border adjustment mechanisms” (CBAM), are an emerging set of trade policy tools that aim to prevent carbon-intensive economic activity from moving out of jurisdictions with relatively stringent climate policies and into those …
Carbon pricing offers a cost-effective way to reduce greenhouse gas emissions. Twelve states are already pricing carbon, and a number of states are considering similar action. This factsheet summarizes and compares five federal carbon pricing proposals that have been introduced …