A global carbon price is unlikely to cause major shifts in consumption patterns between materials, food and services, consultants at Ecofys and the Generation Foundation have found.
A global carbon price of $100 per tonne of CO2 could make services 3% cheaper, while the consumption of products such as clothes, furniture and appliances could become 3% more expensive, according to the report published last week. But the price of fossil fuels used for heating and cooking could go up by 59%, it added.
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