Global carbon prices too low to combat climate change - OECD

LONDON (Reuters) - Carbon prices in major advanced economies are too low to cut greenhouse gas emissions and stave off the worst effects of climate change, the Organization for Economic Co-operation and Development (OECD) said on Tuesday.

Carbon pricing, via taxes or emissions trading schemes, is used by many governments to make energy consumers pay for the costs of pollution, and to spur investment in low-carbon technology.