Investors managing $10.6 trillion on Wednesday said an overhaul of international carbon pricing policies was necessary to prevent the world from missing a goal to limit climate change. As part of a global effort to cap global warming at 1.5 degrees Celsius (2.7 Fahrenheit) above the pre-industrial average, more governments are seeking to place a price on carbon to lower emissions by increasing the cost of producing them. But less than 25% of global emissions are covered by a carbon price whose level varies greatly between regions and is mostly too low to effect change. In a paper released ahead of a G7 Leaders Summit in Berlin starting Sunday, the Net-Zero Asset Owner Alliance (NZAOA) laid out five principles to underpin a redesign of government policies and encourage […]