Learn more about how a carbon price works and the benefits of addressing climate change by pricing carbon. When it comes to climate change, business as usual is no longer an option. Studies estimate that the effects of climate change could cost the economy trillions of dollars before the end of the century. As global temperatures continue to increase, coastal communities will be at risk from sea level rise, wildfires will become more frequent, and extreme weather will be even more damaging. But, there are steps we can take to slow the effects of climate change and mitigate its most damaging impacts. A carbon price, a market-based solution to reducing greenhouse gas emissions while promoting investment and innovation, is the most efficient, business friendly way to take action.