Development Bank Head to Promote Carbon Pricing at Climate Talks

Oct. 14, 2021, 3:26 PM

President of the European Bank for Reconstruction and Development Odile Renaud-Basso will have a simple message for world leaders when she joins them for next month’s COP26 climate summit: Embrace carbon pricing.

Charged with promoting a green recovery from the Covid-19 recession in the 37 nations where it operates, the EBRD knows the strain that carbon-cutting policies can place on emerging economies. But it’s also a firm believer in the value of carbon markets.

Without that mechanism for reflecting the costs of carbon emissions in the prices of products, “you have a distorted market and it is much more difficult ...

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