Putting a price on carbon emissions is widely viewed as an effective tool to reduce emissions. It can also be applied to help those who stand to lose the most from climate change, thus enabling a socially just transition to a low carbon economy.
Ten years ago, British Columbia launched North America's first carbon tax. This month, Premier John Horgan unveiled the long awaited climate plan, CleanBC, that aims to reduce greenhouse gas emissions 40 percent below 2007 levels by 2030.
A 2016 rule approved by a specialized agency of the U.N. is forcing large ships that burn bunker oil, the dirtiest type of fuel, to either burn a more costly low-sulfur variety, apply scrubbers, or turn to LNG.