Emissions pricing not working, says World Bank
11 Jun 2019
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JUST ONE PER CENT of global greenhouse gas emissions are at prices likely to drive the emissions cuts needed to preserve life as we know it, the World Bank says.
The bank believes credits need to be at $NZ60 to $120 by next year, and $75 to $150 by 2030 – well above the $24.25 they are trading at in New Zealand at the moment.
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Story copyright © Carbon News 2019
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