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One of the more promising recent initiatives is the Carbon Pricing Leadership Coalition, which brings together 30 governments and more than 180 businesses and strategic partners to put a value on carbon dioxide emissions.Putting a price on carbon is the most efficient way to reduce global emissions while encouraging sustainable economic growth.Royal DSM, which is led by one of the authors, has set a carbon price of 50 euros ($59) per ton, joining other global companies like Michelin, Danone and General Motors in applying carbon prices to "future-proof" their business.Some 40 countries are also putting a price on carbon pollution, and more governments are planning to implement similar schemes.A May 2017 study conducted by the High-Level Commission on Carbon Prices – led by two of the world's top economists, Joseph E. Stiglitz and Nicholas Stern – found that setting a "strong carbon price" is essential not only for reducing global emissions, but also for sustaining innovation and growth.
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