| The number of carbon pricing schemes worldwide has almost doubled since 2012 but most taxes or markets have prices too low to prevent damaging global warming, the World Bank said on Sunday. Carbon pricing, including emissions trading schemes from California to China, now covers about 12 percent of all greenhouse gas emissions in a sign of momentum before a U.N. summit on climate change in Paris in December, it said.
The number of carbon pricing instruments, both implemented or planned, has risen to 38 from 20 since 2012, it said. South Korea began carbon trading this year, for instance, and both Chile and South Africa plan taxes on carbon emissions...............................................Full Article: Source
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