New research from Vivid Economics suggests that greater cooperation through carbon trading could reduce the cost of climate change mitigation by 32 per cent by 2030 and by more than 50 per cent in 2050. The results are contained in the landmark State and Trends of Carbon Pricing 2016 report, prepared for the World Bank with Ecofys. Vivid’s policy analysis also examines the many critical interactions between carbon pricing and other domestic policies, such as those that govern electricity generation markets.
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