You’ve heard the phrase. Now learn the meaning. Carbon price: The price for avoided or released carbon dioxide (CO2) or CO2-equivalent emission permits. In many models that are used to assess the economic costs of mitigation, carbon prices are used as a proxy to represent the level of effort in mitigation policies. {IPCC Fifth Assessment Report}.

We all learn in science class that carbon is one of the building blocks of life. So what does it mean when climate activists call for a price on carbon? And why do we need one?

Let’s start with the basics…

Source: Intro To Carbon Pricing (Video) | CleanTechnica