March 23, 2021
Policy Primer: Carbon Pricing
Federal policies under the Biden administration add momentum to state-level activity on carbon pricing as more jurisdictions pursue low-carbon transition.
As the Biden administration takes action to address climate change through federal policies including rejoining the Paris Agreement and increasing the social cost of carbon, states continue to strengthen existing carbon pricing programs and advance new initiatives. State-level activity on emission-trading programs and carbon pricing is expected to remain on the rise as more jurisdictions embrace policy goals to transition to a lower-carbon power system and economy.