Carbon pricing under scrutiny as COP23 begins

Carbon pricing is struggling to deliver the decarbonisation needed for countries to meet their targets under the Paris agreement Carbon pricing is struggling to deliver the decarbonisation needed for countries to meet their targets under the Paris agreement.
By Peter Stewart 8 November 2017 0 28287
Interfax’s discussion with Norton Rose on the future of gas in the post-COP23 world. Interfax’s discussion with Norton Rose on the future of gas in the post-COP23 world. (Interfax)

As climate talks got under way in Bonn this week, Interfax hosted a discussion with Norton Rose on the future of gas in the post-COP23 world. I argued that existing carbon pricing schemes were failing to deliver the results needed to spur decarbonisation.

The two-week meeting in Bonn aims to define how the Paris climate agreement will be implemented by the nearly 200 countries that have signed it. The agreement highlights the “important role” for providing incentives for carbon reduction through domestic policies and carbon pricing.

Carbon pricing...

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