According to the findings of an OECD report published Tuesday 18 September, too few governments of OECD and G20 countries are pricing carbon sufficiently high to meet their commitments under the Paris Agreement.
Country by country, the report establishes the existing gap between the current carbon price and the real climate costs calculated on the basis of €30 per tonne of CO2. This was the European Commission’s starting assumption when it was proposed that the emissions trading system...