Carbon pricing has emerged as a top theme at COP26. At the landmark talks, some high-level leaders are calling for a global carbon price, or carbon price floor, to send a stronger energy transition signal across industries and society.

Carbon pricing charges emitters for the carbon they release into the atmosphere and is one of the most promising tools for reaching global net zero.

For nearly three decades the UN has been bringing together almost every country on earth for climate change summits, or COPs (‘Conference of the Parties’), with COP26 being the 26th annual summit. Over that time, the subject has gone from being a peripheral matter to a global priority - with many believing it to be the world’s last real chance to get climate change under control.