unfccc: Carbon Price Needed for Climate Change Success : International Panel Discussion at COP 21
Putting a price on carbon is essential for success in the international response to climate change, said participants in a COP21 side event.
Without a price, recognizing and charging for the damaging effects of emitting greenhouse gases, efforts to address climate change will be inefficient and likely too slow to avoid its worst effects.
Pricing carbon is “not the only thing, but a necessary thing,” said Rachel Kyte, Special Envoy for Climate Change, World Bank Group.
“We have to take carbon pollution out of our growth model,” she said. That entails “energy policy reform, energy subsidy reform and putting a price on carbon.”
China has seven pilot emissions trading systems, and has announced its intention to launch a national system in 2017.
Qimin Chai, a deputy director in China’s National Center for Climate Change Strategy and International Cooperation, said it is key to “count the benefits and the costs” of action on climate change, explaining how emissions trading systems can spur development and stimulate economies through recycling of investment, if the price is high enough.
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Rwanda and Republic of Congo receive project funding approved during Adaptation Fund Board meeting - Adaptation Fund Board Approves US$ 63 Million in New Projects, Including First Innovation and Scale-Up Grants
Read more … Rwanda and Republic of Congo receive project funding approved during Adaptation Fund Board meeting - Adaptation Fund Board Approves US$ 63 Million in New Projects, Including First Innovation and Scale-Up Grants