The carbon credit price is determined by the carbon credit market, which comprises companies and investors who buy and sell carbon credits. The price fluctuates depending on demand and supply but generally ranges from $40 to $80 per metric ton.
Carbon pricing is an instrument that captures the external costs of greenhouse gas emissions. The carbon capture costs relates to cost of emissions that the public pays for, such as damage to crops, health care costs from heat waves and droughts, and loss of property from flooding and sea level rise, etc.
