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Carbon emissions not priced at true cost to climate: OECD

2016-09-26 11:37:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Ninety percent of carbon dioxide emissions by major advanced economies is not priced at a level that truly reflects the actual cost to the climate, the Organization for Economic Cooperation and Development (OECD) said in a report on Monday. A price on carbon is considered an effective tool in curbing greenhouse gases by making polluters pay for emissions blamed for causing global warming. But worldwide, carbon prices are very low, or even zero. "New evidence presented...shows that 90 percent of...

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