The price of emitting carbon dioxide must rise to $50 to $100 per tonne by the end of the decade if the terms of the Paris climate agreement are to be met, according to a report by the Commission on Carbon Prices. The group of 13 internationally-renowned economists supported by the World Bank added that the global carbon price must further increase to between $40 and $80 per tonne by 2030. Under the terms of the Paris deal, some 190 countries from across the world pledged to limit global warming to below two degrees Celsius.
The price of emitting carbon dioxide must rise to between $40 and $80 per tonne by the end of the decade if the terms of the Paris climate agreement are to be met, according to a report by the Commission on Carbon Prices. The group of 13 internationally-renowned economists supported by the World Bank added that the global carbon price must further increase to $50 to $100 per tonne by 2030. Under the terms of the Paris deal, some 190 countries from across the world pledged to limit global warming to below two degrees Celsius.