“We know that carbon pricing is one of the most powerful ways of reducing emissions and supporting and encouraging the private sector and individual citizens to make smarter choices around reducing emissions at the same time as we create innovations to move forward,” he told the Summit. In the way that we know citizens want more action on climate, but are always worried that they’re going to be the ones paying for the brunt of it.
“We know that there are many different ways of putting a price on carbon in different sectors,” he said. “What matters is to establish a principle of stringency and equity that makes sure everyone is pricing at the same level.