Review and Analysis of Carbon Pricing for Mitigating Climate Change Problems

Abstract

Carbon emission is the most significant driver of pollution and climate change problems. So, this chapter tries to study a recently developed concept to tackle the carbon emission and climate change problem. This chapter has chronologically reviewed the carbon pricing scheme in a supply chain context. This chapter has discussed the carbon pricing scheme in detail and tried to find the applicability and effectiveness of this scheme in the supply chain. With the help of the literature review, this study also tried to explore different ways of effectively operationalizing the scheme in the supply chain. The result of this study shows that carbon pricing is an effective and advanced scheme to tackle the carbon emission and climate change problem. The results further emphasized creating awareness, labelling carbon footprints, setting environmental regulations, implementing a two-part tariff, using data for strategizing, and remanufacturing used products for better implementation of carbon pricing in the supply chain.