The end of free carbon emissions: why the time is right

illuminem summarizes for you the essential news of the day. Read the full piece on Euractiv or enjoy below:

🗞️ Driving the news: As New York Climate Week discussions on urgent climate action unfold, a critical call is made to price all carbon emissions
• This proposal aims to eliminate the atmosphere as a "free dumping ground" for polluters by setting a cost on every tonne of carbon

🔭 The context: Though carbon pricing has proven effective in regions like California and the EU, current systems only cover 20% of global emissions
• Voluntary carbon markets, showing increased integrity, are gaining momentum, backed by initiatives like ICVCM

🌍 Why it matters for the planet: Pricing carbon would drastically reduce emissions and generate funding to tackle deforestation and support the world's poorest, who are disproportionately impacted by climate change

⏭️ What's next: The movement requires broad global consensus, driven by CEOs, policymakers, and the public, to implement a carbon pricing system by 2030

💬 One quote: "How can we afford not to?" — Eron Bloomgarden, CEO and Founder of Emergent

📈 One stat: 80% of global emissions—around 40 billion tonnes—are currently released for free each year

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