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Carbon Price

A carbon price is a fee or tax on the emission of carbon dioxide or other greenhouse gases that are generated from the burning of fossil fuels. The goal of a carbon price is to reduce greenhouse gas emissions by encouraging individuals and businesses to reduce their use of fossil fuels and shift to cleaner, low-carbon alternatives.

Carbon pricing can be implemented through a variety of mechanisms, including carbon taxes, cap-and-trade systems, and performance standards. Carbon pricing can be an effective way to reduce greenhouse gas emissions, but it can also have economic impacts, such as increasing energy prices for consumers and businesses.

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