Summary
A new global study has uncovered 63 of the most effective policies, and found some helpful patterns. The research offers both hope and pointers to drive more effective climate action.
Researchers looked at more than 1,500 policies around the world. They found that carbon pricing was more effective in the industrial and electricity sector. They also found that it was less effective in building and transportation.
The new study found that carbon pricing didn't work as well for developing countries. For developed countries, the study found a combination of pricing, subsidies and regulation worked.
In Canada, policy "carrots" that incentivize voluntary action make up 71.5 per cent of policies. "Carrots" vastly outnumber "sticks" in Canada.
