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8mo ago

Study Reveals Effective Climate Policies: Pricing and Combinations Key

Analysis of 1,500 policies across 41 countries shows limited success, with pricing mechanisms and combined approaches yielding the best results.

In an aerial view, Tesla cars recharge at a Tesla Supercharger station on February 15, 2023 in San Francisco, California.
Photo of a field of solar panels on a slope
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CONGO-ELECTION/DAILYLIFE

Overview

  • Researchers identified 63 successful climate policies out of 1,500 analyzed from 1998 to 2022.
  • Pricing mechanisms, such as carbon taxes, proved most effective in reducing emissions.
  • Policy combinations, rather than standalone measures, achieved significant pollution cuts.
  • The study highlighted that rich and developing nations require different policy mixes.
  • Even the most successful policies need scaling to meet global climate targets.