An Opportunity to develop a North American price on carbon

  Instruments for pricing carbon are beginning to proliferate. In recent years, South Korea implemented a trading system; France and Portugal implemented carbon taxes; China began seven subnational trading system pilots and announced a national trading system for implementation by 2020; and South Africa and Chile announced carbon taxes that will take effect in 2016 and 2017, respectively. These developments augment a landscape of carbon pricing instruments that are already well-established in various countries and regions, including the European Union, Japan, New Zealand, and the Nordic countries.