EU commission chief asks G20 to join global carbon pricing

The European Commission president asked G20 leaders on Saturday to join a proposal to set up global carbon pricing.
Many countries are using a price on carbon to help meet their climate goals in the form of a tax or under an emissions trading (ETS), or cap-and-trade, system.
According to a World Bank report, there are currently 73 carbon pricing instruments in operation, covering around 23% of global greenhouse gas emissions.
Ursula von der Leyen wrote on X social media, “Climate change is man-made. So it means we can address it. For this we need innovation, investments in green technologies, renewable energy capacity and energy efficiency … At the G20 I invited leaders to join the call for global carbon pricing.”
von der Leyen has been pushing the international community to introduce global carbon pricing to accelerate the transition to a lower-carbon economy.