In order to incentivize low-emissions production in the basic materials industry -aligned with the requirements for reaching net-zero emissions by 2050- carbon prices would need to be considerably higher than currently seen. For example, a price of 270 U.S. dollars per ton of CO2 equivalent would be required for low-emissions steel to be competitive against its traditional counterpart. The cement industry would require the lowest price, at 85 dollars per ton of CO2e. As of 2022, carbon taxes worldwide ranged between 1 and 137 U.S. dollars per ton of CO2e, depending on the jurisdiction.
Carbon price required to incentivize low-emission production in the basic materials industry as of 2022
(in U.S. dollars per metric ton of CO₂ equivalent)
Characteristic
Required carbon price in U.S. dollars/ per ton CO₂ e
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World Economic Forum. (July 27, 2022). Carbon price required to incentivize low-emission production in the basic materials industry as of 2022 (in U.S. dollars per metric ton of CO₂ equivalent) [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1326457/required-carbon-price-low-emission-production-basic-materials/
World Economic Forum. "Carbon price required to incentivize low-emission production in the basic materials industry as of 2022 (in U.S. dollars per metric ton of CO₂ equivalent)." Chart. July 27, 2022. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1326457/required-carbon-price-low-emission-production-basic-materials/
World Economic Forum. (2022). Carbon price required to incentivize low-emission production in the basic materials industry as of 2022 (in U.S. dollars per metric ton of CO₂ equivalent). Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1326457/required-carbon-price-low-emission-production-basic-materials/
World Economic Forum. "Carbon Price Required to Incentivize Low-emission Production in The Basic Materials Industry as of 2022 (in U.S. Dollars per Metric Ton of Co₂ Equivalent)." Statista, Statista Inc., 27 Jul 2022, https://www.statista.com/statistics/1326457/required-carbon-price-low-emission-production-basic-materials/
World Economic Forum, Carbon price required to incentivize low-emission production in the basic materials industry as of 2022 (in U.S. dollars per metric ton of CO₂ equivalent) Statista, https://www.statista.com/statistics/1326457/required-carbon-price-low-emission-production-basic-materials/ (last visited January 08, 2025)
Carbon price required to incentivize low-emission production in the basic materials industry as of 2022 (in U.S. dollars per metric ton of CO₂ equivalent) [Graph], World Economic Forum, July 27, 2022. [Online]. Available: https://www.statista.com/statistics/1326457/required-carbon-price-low-emission-production-basic-materials/
