The study emphasizes that to effectively reduce emissions, the inclusion of pricing mechanisms in climate policies is essential. Policies based solely on regulation or subsidies tend to fall short.
Only 63 out of 1,500 evaluated cases resulted in significant carbon pollution cuts, suggesting that many countries' strategies are inadequate. Effective change requires financial incentives.
Nicolas Koch emphasizes the necessity of pricing strategies, stating that without them, even phased-out fossil fuels and regulations won't achieve major emissions reductions.
The effectiveness of climate policies varies significantly between wealthy and developing nations, highlighting the complexities in designing universally successful strategies for emission reductions.
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