Climate change impacts every inhabited region across the globe and could lead to significant economic losses, particularly in developing Asia and Southeast Asia, where GDP losses could reach 24% and 30%, respectively, by 2100 under a high emissions scenario.
This newsletter highlights that transitioning to a low-carbon economy requires systemic change through various climate policy instruments. These instruments incentivize behavior change and drive the investment and innovation needed to align economies with the 1.5°C pathway.
It also demonstrates how carbon pricing mechanisms can play a critical role within the broader climate policy framework, which encompasses regulations, standards, certifications, technological innovations and climate finance.