The 28th United Nations Climate Change Conference (COP28), which lasted for two weeks, has officially concluded. While the global carbon price is not set to be standardized, the concept of "carbon pricing" has begun to ferment. Governments and large corporations alike have established carbon pricing mechanisms. Reuters reported that the internal carbon pricing ranges widely, with prices per metric ton ranging from less than 1 USD to as high as 1600 USD.
The internal carbon price for high-carbon-emitting projects at the U.S. pharmaceutical giant Amgen is set at $1000 per metric ton. They also utilize an "investment evaluator" to determine whether to acquire carbon reduction equipment based on a higher carbon price. “Sustainability projects that cost more than traditional projects but are less than 1600 USD are considered reasonable for design, said spokesperson.
Swedish automaker Volvo is testing the waters with a “shadow price”, set at 1000 krona per metric ton. This price is used to determine the production of car models and the selection of raw materials. Jonas Otterheim, the company's climate action lead, stated, "for example, it is crucial for the company to use renewable energy in aluminum production because its carbon emissions are less than one-fourth compared to traditional production methods."
