Birds fly past at sunset as smoke emits from a chimney at a factory in Ahmadabad, India, on Dec. 8, 2014. (AP Photo/Ajit Solanki)

Carbon pricing alone is not enough — other measures are needed to meet Paris Agreement targets

Carbon pricing can be a powerful tool to combat climate change and reduce emissions, but it needs to be accompanied by improved regulations, clean technology subsidies and financing mechanisms.

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