By BRAD PLUMER and NADJA POPOVICH APRIL 2, 2019
NATIONAL PRICE ON CARBON
LOCAL PRICE ON CARBON
SCHEDULED PRICE ON CARBON
Mass., N.Y. and seven other states
Note: A local price on carbon is only highlighted where no national or European Union rules are in place. Some countries with a national price on carbon also have local-level programs that operate under separate rules. | Source: World Bank
The idea of putting a price on carbon dioxide emissions to help tackle climate change has been slowly spreading around the globe over the past two decades.
This week, Canada’s federal government took the latest step when it extended its carbon-pricing program nationwide by imposing a tax on fossil fuels in four provinces that had declined to write their own climate plans.
More than 40 governments worldwide have now adopted some sort of price on carbon, either through direct taxes on fossil fuels or through cap-and-trade programs. In Britain, coal use plummeted after the introduction of a carbon tax in 2013. In the Northeastern United States, nine states have set a cap on emissions from the power sector and require companies to buy tradable pollution permits.