empirics prove success
UOCS, Jan 8, 2017, "Carbon pricing 101" The Union of Concerned Scientists is a national nonprofit organization founded more than 50 years ago by scientists and students at the Massachusetts Institute of Technology. with over 250 working scientists. https://www.ucsusa.org/resources/carbon-pricing-101#:~:text=The%20aim%20is%20to%20put,our%20production%20and%20consumption%20choices /// SMS MA
The U.S. sulfur dioxide trading program, established as part of the , is a pioneering example of using the market to drive down pollution. Carbon cap-and-trade programs are already working successfully in and the nine Northeast and Mid-Atlantic states that participate in the (RGGI). These states also have complementary renewable energy and energy efficiency policies that work together with the carbon price to cut emissions. Many more states are considering carbon trading programs as part of their compliance plans for the .
The world’s first carbon cap-and trade program, launched in 2005, is the (EU-ETS). The Canadian province of implemented a carbon tax in 2008. China has also launched a number of pilot cap-and-trade programs at the provincial level and intends to launch a within the next few years.
Many big companies are already using an to inform their business decisions. A growing list of companies have also voiced support for a policy to put a price on carbon, including Apple, Google, BP, Royal Dutch Shell, Unilever, and Nestlé. Companies and investors need to reorient their business models toward a low-carbon economy, while supporting the implementation of a robust carbon price.
With growing recognition of the urgent need to address climate change, momentum for adopting carbon pricing programs is likely to increase in the years ahead both in the U.S. and globally.