Canada is challenging all countries during the COP27 summit to adopt carbon pricing as the key element of their climate strategies. Pricing emissions is widely known as the most efficient way to reduce greenhouse gas (GHG) emissions. Carbon pricing is putting a cost on pollution while adding value to desirable things such as clean air and clean energy. Canada is recognized as a climate leader, mainly due to its robust domestic carbon pricing. The government approach allows jurisdictions to implement their own carbon pricing systems that best meet their needs while aligning with national standards. Canada is one of the few countries to set a long-term carbon price trajectory up to 2030. This sends a strong signal to pursue low-carbon investments and help reach net zero emissions by 2050.

Source: Carboncredits.com