Why Put a Price on Carbon Emissions?
The purpose of putting a price on carbon emissions is to discourage the use of fossil fuels – coal, oil and natural gas – whose combustion causes climate change. Pricing carbon makes fossil fuels more expensive and encourages energy conservation, investment in low-carbon technologies and the use of renewable forms of energy that do not emit greenhouse gases (GHGs).
Read more on Fact Sheets:
- Original fact sheet
- New fact sheet as of June 29th, 2015.