The average global carbon price today “is around three dollars a tonne”.
However, the Network for Greening the Financial System, a group of central banks, recently suggested that “a carbon price of around $160/tonne would be needed by the end of the decade to incentivise a transition towards net zero by 2050”,
while the IMF suggests it should be $75 a tonne.
“We don’t have models which understand [the implications] of this
Gillian Tett FT 30 October 2021