Carbon Pricing Now

US President-elect Joe Biden’s inauguration comes just a month after the fifth anniversary of the Paris climate agreement, auguring long-overdue progress in the global fight against climate change.

Despite recent political commitments by major emitters to achieve carbon neutrality by mid-century, the world still is not yet on track to prevent global warming from exceeding 2° Celsius – a target that must be reached to avert massive disruptions to human societies.