Carbon markets could cut climate cost by a third - World Bank

An international carbon market could reduce the cost of delivering the emissions reductions pledged by countries under the Paris Agreement by 32% by 2030, according to the World Bank

An international carbon market could reduce the cost of delivering the emissions reductions pledged by countries under the Paris Agreement by 32% by 2030, according to the World Bank.

The cost of the emissions cuts set out in countries’ ‘intended nationally determined contributions’ (INDCs) could be reduced further by more than 50% by mid-century, a modelling exercise undertaken by the World Bank in cooperation with consultancies Ecofys and Vivid Economics showed on Tuesday.

Please sign in to access this article. To subscribe, view our subscription options, or take out a free trial.

Please enter your details

Forgotten password?

Having trouble signing in?

Contact Customer Support at
subs@endseurope.com
or call 020 8267 8120

Not a subscriber?

Take a free trial now to discover the critical insights and updates our coverage offers subscribers.