Orgalim and business leaders urge governments to ramp up carbon pricing
25 October 2021
In an open letter to the heads of state and government, the signatories of the Call on Carbon initiative urge them to ramp up climate investments and carbon pricing
On the eve of the COP 26 UN Climate Change Conference, Orgalim, together with leaders from more than 100 businesses, cities, universities and business associations and networks, call on governments to ramp up carbon pricing.
In an open letter to the heads of state and government, the signatories of the Call on Carbon initiative call on governments to:
back their net zero targets with effective, robust, reliable and fit-for-purpose carbon pricing instruments, consistent with the Paris Agreement, to facilitate a cost-efficient investment path to reach net zero emissions;
align their carbon pricing instruments where appropriate to create a stable and predictable investment environment; and
finalise the rules for international market mechanisms under Article 6 of the Paris Agreement to support cost-effective mitigation efforts, create a level playing field and minimise carbon leakage while enabling greater ambition.
Carbon pricing and market mechanisms will allow industry to provide innovation and investments to help combat climate change