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Canada Starts Group to Promote Carbon Pricing in Other Nations

steven guilbeault
(Stephanie Jenzer/CBC)

Canada’s Environment Minister Steven Guilbeault has issued a call to action to the rest of the world to increase the use of carbon pricing to combat greenhouse gas emissions.

At the United Nations COP27 climate summit in Egypt today, Guilbeault hosted an event with the goal of boosting the coverage of carbon pricing from its current 20% of world emissions to 60% within the next eight years.

At the United Nations COP27 climate summit in Egypt today, Guilbeault hosted an event with the goal of boosting the coverage of carbon pricing from its current 20% of world emissions to 60% within the next eight years.

There are already eight more nations on board, plus the European Commission, he says, and most of those have carbon pricing in place or are making plans to implement it.

More than 80% of Canada’s total emissions are covered by the country’s carbon pricing system, which is a combination of federal and provincial policies with varying costs per tonne.

This concept is similar to Canada’s and the United Kingdom’s Powering Past Coal Alliance, which they presented at COP23 in 2017 to promote the elimination of coal as an energy source.

Original source material for this article taken from here

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Written by Olivia Woods

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