EU commission chief asks G20 to join global carbon pricing

The European Commission president asked G20 leaders on Saturday to join a proposal to set up global carbon pricing. Many countries are using a price on carbon to help meet their climate goals in the form of a tax or under an emissions trading (ETS), or cap-and-trade, system. "Climate change is man-made. So it means we can address it. For this we need innovation, investments in green technologies, renewable energy capacity and energy efficiency ...

The European Commission president asked G20 leaders on Saturday to join a proposal to set up global carbon pricing.

Many countries are using a price on carbon to help meet their climate goals in the form of a tax or under an emissions trading (ETS), or cap-and-trade, system.

"Climate change is man-made. So it means we can address it. For this we need innovation, investments in green technologies, renewable energy capacity and energy efficiency ... At the G20 I invited leaders to join the call for global carbon pricing," Ursula von der Leyen wrote on X social media, formerly known as Twitter.