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ARTICLE · 11 NOVEMBER 2021

Anticipating the future: a close look at carbon pricing

Corrs Chambers Westgarth
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A legally enforceable carbon pricing mechanism could be resolved through current climate change negotiations.

AustraliaEnvironment
Nastasja Suhadolnik
Nastasja Suhadolnik
Anna White
Anna White
Rosie Syme
Rosie Syme
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Climate change has come into sharp focus in 2021, featuring prominently in newsrooms, courtrooms and boardrooms as the impacts, causes and solutions are grappled with more frequently, and more urgently, than ever before.

Attention is now on global leaders and policy makers, who have converged on Glasgow for the COP26, and there is much anticipation as to what can and will be achieved at the UN Climate Change Conference.

One of the priority items for COP26 is to 'finalise the Paris Rulebook'. In other words, to agree the detailed rules to give effect to the commitments made in the Paris Agreement. A key element of this is an international mechanism for pricing carbon, which the parties have been unable to agree on to date.

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