Carbon pricing and renewables

As we all increasingly are figuring out, economics have an important role in decarbonization. As you can see in the graph below, renewable energy (biofuels, geothermal, small hydro, solar PV etc) has the lowest abatement cost and the highest abatement potential, together with reforestation and more sustainable waste management. Establishing a price on carbon is thus an important element of working towards a more sustainable society. The company Ecochain has created a useful and concise guide describing the concept of carbon pricing. Establishing or improving a carbon tax may support your work in your country of establishing conditions to limit unsustainable practices of combusting fossil and unsustainably harvested carbonaceous fuels. Check it out! Link can be found here, and below. https://ecochain.com/knowledge/carbon-tax-carbon-pricing-fundamentals/