
Paris delivered a strong global climate agreement – one that recognizes the important role of carbon pricing and markets in shifting investment to new, lower-carbon assets. Today, 13 percent of greenhouse gas emissions are priced. Businesses are increasingly calling for carbon pricing policies, and are using internal pricing to prepare for future climate risks. But price levels are still too low to shift investment, and a number of major economies still do not have plans to put a price on their carbon emissions.