During 2021, emissions trading schemes (ETS) around the world saw record-high carbon prices, with the highest seen in the EU and UK.
However, data and analytics company GlobalData said that prices worldwide were still inadequate to reduce emissions in line with the Paris Agreement. The company highlights that only 22% of greenhouse gases are explicitly priced and less than 4% are priced at $40/ton — the minimum price considered necessary to meet Paris Agreement targets.
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