G20 to debate carbon pricing and subsidy phase-out

The upcoming G20 meeting will provide an opportunity for discussions on a global carbon price, but progress may take time The upcoming G20 meeting will provide an opportunity for discussions on a global carbon price, but progress may take time.
By Annemarie Botzki 31 May 2017 0 26156
A combined-cycle thermo-solar power plant. Gas should benefit from carbon pricing. (Dana Smillie, World Bank)

While the forthcoming G20 meeting in Hamburg will fail to yield a global carbon price – despite the best efforts of its hosts – the launch of China’s national Emissions Trading System (ETS) later in 2017 could provide the impetus for such a development. 

Leaders from 20 major economies will meet for the G20 in Hamburg from 7-8 July, where climate change and sustainable development will be among the major themes.

Germany, under the leadership of Chancellor Angela Merkel, is part of the World Bank and the...

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