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Global Cooperation On Carbon Trading Could Reduce Climate Change Mitigation Costs By 32%

Posted on 24 October 2016

According to a new World Bank report released this week, increased global cooperation through carbon trading could reduce the cost of climate change mitigation by 32% by 2030. Released at an international carbon event held in Vietnam on Tuesday, the State and Trends of Carbon Pricing 2016 report shows that increased international cooperation on carbon trading could enable large-scale emissions reductions at much lower costs than are currently present, based on the carbon mitigation goals currently outlined in the Intended Nationally Determined Contributions (INDCs) filed under the Paris Agreement.
A total of 189 countries representing 96% of global greenhouse gas emissions and 98% of the world’s population have committed to reducing greenhouse gas emissions and adapting to climate change, but now these governments must follow through on these promises………………………………….Full Article: Source


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