EU commission chief asks G20 to join global carbon pricing
UN report warns nations have ‘rapidly narrowing window’ to cut emissions
Image Credit: Bloomberg
New Delhi: The European Commission president asked G20 leaders on Saturday to join a proposal to set up global carbon pricing.
Many countries are using a price on carbon to help meet their climate goals in the form of a tax or under an emissions trading (ETS), or cap-and-trade, system.
“Climate change is man-made. So it means we can address it.
For this we need innovation, investments in green technologies, renewable energy capacity and energy efficiency ... At the G20 I invited leaders to join the call for global carbon pricing,” Ursula von der Leyen wrote on X social media, formerly known as Twitter.