Economy
November 9, 2021
CRU: COP26 Should Not Forget About Carbon Pricing
Written by Jumana Saleheen
By CRU Chief Economist and Head of Sustainability Jumana Saleheen and CRU Research Manager Paul Butterworth
There are no low-cost options when it comes to tackling climate change. Renewable energy is not cheaper than fossil-based power once the price of investment and storage are considered. Low-carbon energy will cost more. The only way to incentivize the world to shift to this more expensive low-carbon future is to make fossil fuels costlier, which means more carbon pricing.
