
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
For more information, read our factsheet, The Power of Markets to Increase Ambition.
Update: the analysis in this blog has been published in the journal World Development (open source).
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.
This post was written by EDF consultant Chester France, who served as a Senior Executive at EPA and led the development of vehicle standards at the agency
The latest rumblings indicate the Trump administration is poised to advance a proposal that would dramatically roll back America’s 
