Introduction Article 6 of the Paris Agreement provides countries with mechanisms to cooperate with each other in reducing greenhouse gas emissions and other climate goals, especially in relation to meeting their Nationally Determined Contributions (NDCs). NDCs are the commitments that
Carbon pricing systems around the world are built on three foundational approaches: carbon taxes, emissions trading systems (ETS or cap-and-trade), and hybrid models that combine elements of both. Carbon Tax A carbon tax is a government-imposed fee on the burning