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7 - 18 November, 2022
Sharm El-Sheikh, Egypt

Climate Action Innovation Zone

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Carbon Pricing, In Various Forms, Is Likely To Spread In The Move To Net Zero

S&P Global Stand: 023

Government policies seeking to transition economies to net-zero emissions are likely to increase globally, amid the urgency of mitigating climate change impacts. These are likely to include some form of carbon pricing regulations, one of the policy levers that we have observed being used by some governments as they aim to achieve emissions abatement targets. Many economists argue that carbon pricing policies are one of the most efficient policy levers to encourage reductions of GHG emissions. From an economic perspective, they provide direct incentives for households and firms to account for the environmental cost of carbon emissions.

Relatively few carbon pricing regulations are currently in place, covering less than a quarter of global GHG emissions. The largest carbon markets by emissions coverage are found in the EU and China, and others are in place in the U.K., Canada, select U.S. states, and Asia, among others.

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Climate Action Innovation Zone at COP28

Climate Action is delighted to announce the Climate Action Innovation Zone 2023 will run between Monday 4th and Friday 8th December at the Madinat Jumeirah Conference Centre, Dubai.

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