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How can carbon pricing play a role in addressing climate change?

Bertina Northey

Carbon pricing is a way to encourage companies and people to reduce their greenhouse gas emissions, which are the things that cause climate change. It works by making it more expensive for companies and people to emit greenhouse gases, which makes them think twice about doing it.

For example, if a company has to pay a certain amount of money for every ton of greenhouse gases they emit, they might try to find ways to reduce their emissions so that they don't have to pay as much. This could mean using cleaner energy sources or improving their manufacturing processes to be more efficient.

When more companies and people start to reduce their emissions, it can have a big impact on the environment. It can help to slow down climate change and improve air quality, which can be better for our health.

Some people worry that carbon pricing will be too expensive for them, but there are ways to make it fair. For example, the money that companies have to pay for their emissions could be used to fund programs that help people transition to cleaner energy sources or to provide rebates for those who can't afford it.

Overall, carbon pricing can be an effective way to address climate change by encouraging companies and people to take action to reduce their emissions and protect the environment for future generations.