#383 Carbon Prices

Carbon prices in the European Union also reached their highest level in a decade this summer following a series of [1] meant to limit the oversupply of [2] and expand many industries subjected to the cap. The biggest development of all may be in China, the world's largest greenhouse gas emitter, which has taken steps toward its own [3] trading program. China's move has the [4] to narrow the gap between global carbon prices and climate costs to 63 percent in the early 2020s, OECD found.