What are some global examples of carbon pricing?
Countries like Sweden, Canada, and New Zealand have implemented carbon pricing to reduce emissions.
How does carbon pricing work in these countries?
In Sweden, for instance, a carbon tax is levied on fossil fuels, encouraging businesses to reduce emissions.
What impact has carbon pricing had on emissions in these countries?
Carbon pricing has led to significant reductions in emissions, with Sweden reducing its emissions by over 25% since 1990.
Are there any challenges associated with carbon pricing?
Yes, challenges include political resistance, economic impacts on low-income households, and ensuring compliance.
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