Climate 411

International trading of emissions reductions could greatly increase global climate ambition

The Arc de Triomphe following the signing of the Paris Agreement. Each party set a Nationally Determined Contribution for emissions reductions.

This post was authored by Gabriela Leslie, Pedro Piris-Cabezas and Ruben Lubowski

Carbon pricing is steadily growing worldwide and increasingly recognized as a way to achieve emissions reductions at lower cost than with standard regulations. A recent economic analysis from Environmental Defense Fund found that these cost savings from international trading of emissions could translate into direct gains for the atmosphere – and could produce nearly double the climate ambition at the same overall cost as countries’ complying with their Paris Agreement targets without international markets.

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