Science-based Carbon Price

A carbon price that represents the economic value of GHG emissions. The SBTi considers science-based carbon prices to be those which are based on:
a. robust scientific assessment of the external cost of GHG emissions (the costs 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);
b. robust scientific assessment of the expected costs associated with achieving a 1.5°C pathway, and/or
c. the true and complete cost to fully and permanently abate a given GHG emission.