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This is in place via EU-ETS: https://ec.europa.eu/clima/eu-action/eu-emissions-trading-system-eu-ets_en https://ec.europa.eu/clima/eu-action/eu-emissions-tradin

• hgomersall 4y ago
  The price of co2 in the ETS is an order of magnitude too low to deal with it's removal, so no, this is not in place with the ETS.
  • xorcist 4y ago
    I believe the idea is to adjust the price over time. The hard part is getting such a system in place, not ramping it up.
    • number6 4y ago
      There is a finite number of certificates - like bitcoin. Price adjusts as certificates are uses up. New certificates can be created by capturing carbon... similar to bitcoin mining.
      • xorcist 4y ago
        Yes, but the supply of certificates has been set as to ensure a soft transition to this system. When the supply tightens, prices will go up. At least that's the theory. In the current political climate where politicians all over the world compete on subsidizing electricity and fossil fuels to combat the recent price hikes for all poorly insulated home owners and car drivers, who knows what will happen.