Carbon pricing instruments (CPIs) place a price on carbon and have the potential to drive public revenues, encourage the update of green technologies, and more, supporting the growth of new and innovative green industries. CPIs can overcome existing price barriers to low-carbon development and help countries achieve their climate change and green development goals.
But, in the context of a just transition, the socio-economic impacts of CPIs must also be explored and managed, in such topics as exploring competitiveness of industries with CPIs or employment. Just transition provides a lens for policymakers to approach CPIs.
Our new article explores these topics and more. Read it here.
Image source: Unsplash, Shayna Douglas