A ConocoPhillips refinery in Wilmington, California.
Jonathan Alcorn | Bloomberg | Getty Images
The world needs to reduce carbon levels, and one way is through a carbon tax, a strategy the U.S. has been debating for decades.
With urgent calls to lower greenhouse gas emissions globally, putting a price on carbon was one of the major points of discussion among world leaders at the COP26 conference in Glasgow earlier this month. Consensus on a global carbon price is growing, according to Lord Greg Barker, executive chairman at EN+ and co-chair of the Carbon Pricing Leadership Coalition.
“We need countries to come together to agree on international standards in order to…