𝐓𝐡𝐞 𝐏𝐫𝐢𝐜𝐞 𝐨𝐟 𝐂𝐚𝐫𝐛𝐨𝐧 𝐀𝐫𝐨𝐮𝐧𝐝 𝐭𝐡𝐞 𝐖𝐨𝐫𝐥𝐝

This infographic by 𝐕𝐢𝐬𝐮𝐚𝐥 𝐂𝐚𝐩𝐢𝐭𝐚𝐥𝐢𝐬𝐭 titled “𝐓𝐡𝐞 𝐏𝐫𝐢𝐜𝐞 𝐨𝐟 𝐂𝐚𝐫𝐛𝐨𝐧 𝐀𝐫𝐨𝐮𝐧𝐝 𝐭𝐡𝐞 𝐖𝐨𝐫𝐥𝐝” presents a comparison of carbon pricing in different countries for the year 2024, highlighting the cost per metric ton of CO₂ equivalent.

It emphasizes that only a small percentage of global emissions are priced high enough to meet the Paris Agreement’s Temperature Target.

𝘒𝘦𝘺 𝘗𝘰𝘪𝘯𝘵𝘴:
1. 𝐓𝐲𝐩𝐞𝐬 𝐨𝐟 𝐂𝐚𝐫𝐛𝐨𝐧 𝐏𝐫𝐢𝐜𝐢𝐧𝐠:
• 𝘊𝘢𝘳𝘣𝘰𝘯 𝘛𝘢𝘹:
A fee on emissions to incentivize reduction.
• 𝘌𝘮𝘪𝘴𝘴𝘪𝘰𝘯𝘴 𝘛𝘳𝘢𝘥𝘪𝘯𝘨 𝘚𝘺𝘴𝘵𝘦𝘮𝘴 (𝘌𝘛𝘚):
A cap on emissions with tradable permits.

2. 𝐂𝐚𝐫𝐛𝐨𝐧 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 𝐑𝐚𝐧𝐠𝐞:
• 𝘛𝘢𝘳𝘨𝘦𝘵 𝘙𝘢𝘯𝘨𝘦:
$40-$80 per metric ton of CO₂ equivalent to meet the Paris Agreement goals.
• 𝘏𝘪𝘨𝘩𝘦𝘴𝘵 𝘗𝘳𝘪𝘤𝘪𝘯𝘨:
Uruguay has the highest at $167.
• 𝘊𝘰𝘶𝘯𝘵𝘳𝘪𝘦𝘴 𝘌𝘹𝘤𝘦𝘦𝘥𝘪𝘯𝘨 𝘛𝘢𝘳𝘨𝘦𝘵:
Uruguay, Switzerland, Liechtenstein, Sweden & Finland.
• 𝘊𝘰𝘶𝘯𝘵𝘳𝘪𝘦𝘴 𝘔𝘦𝘦𝘵𝘪𝘯𝘨 𝘛𝘢𝘳𝘨𝘦𝘵:
Netherlands, EU, Ireland, Germany, Austria & UK.
• 𝘊𝘰𝘶𝘯𝘵𝘳𝘪𝘦𝘴 𝘉𝘦𝘭𝘰𝘸 𝘛𝘢𝘳𝘨𝘦𝘵:
Includes Hungary, California, Quebec, Tokyo & many others with prices ranging from $39 to $1.

3. 𝐈𝐦𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬:
• Higher carbon prices are crucial for effectively reducing emissions & encouraging investment in emission-reducing technologies.
• Pricing too low can result in continued high emissions & hinder progress towards climate goals.

𝘈𝘥𝘥𝘪𝘵𝘪𝘰𝘯𝘢𝘭 𝘕𝘰𝘵𝘦𝘴:
• The infographic notes that broader implementation of higher carbon pricing is especially crucial in high-emission countries like the United States.
• It also mentions various specific programs & pilot initiatives across different regions & their respective pricing.

🔗 𝐒𝐨𝐮𝐫𝐜𝐞: 𝐓𝐡𝐞 𝐖𝐨𝐫𝐥𝐝 𝐁𝐚𝐧𝐤 & 𝐂𝐚𝐫𝐛𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐖𝐚𝐭𝐜𝐡.