What is carbon pricing?

Carbon pricing can take different forms and shapes. In the State and Trends of Carbon Pricing series and on this website, carbon pricing refers to initiatives that put an explicit price on GHG emissions, i.e. a price expressed as a value per ton of carbon dioxide equivalent (tCO 2 e).

What is the carbon pricing score (CPS)?

The Carbon Pricing Score (CPS) answers the question of how far countries have attained the goal of pricing all energy related carbon emissions at the three benchmarks for carbon costs or more. The more progress a country has made towards the relevant benchmark value, the higher the CPS.

Can COP26 set a global carbon price?

Put plainly: COP26 can’t set a global carbon price, but it can bring together world leaders, recommend that they set a global carbon price, and provide a forum to allow them to discuss it. To prepare your business for the possibility of future carbon pricing, your first step is to calculate your emissions.

How much does a metric ton of carbon dioxide cost?

The price for counterbalancing one metric ton of carbon dioxide, or one credit, is languishing at $0.64 compared to $18 in January 2022, according to one carbon credit tracker. Another data source, the Platts Nature-Based Avoidance price, shows a plunge to $3.90 per metric ton of carbon dioxide from $11.60 last year, according to S&P Global.