Carbon prices are rising slowly but remain too low to have a significant impact on curbing climate change. Governments need to do more to bring carbon taxes and prices for emissions trading permits in line with the real cost to the climate on emissions if they are to meet their commitments under the Paris Agreement.

ABOUT THE OECD
The Organisation for Economic Co-operation and Development (OECD) is an international organisation established in 1960 that works collaboratively to build better policies for better lives. Our goal is to shape policies that foster prosperity, equality, opportunity and well-being for all. Together with governments, policy makers, policy shapers, and citizens, we work on establishing evidence-based international standards and finding solutions to a range of social, economic and environmental challenges. From improving economic performance and creating jobs to fostering strong education and fighting international tax evasion, we provide a unique forum and knowledge hub for data and analysis, exchange of experiences, best-practice sharing, and advice on public policies and international standard-setting.
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