Is current net carbon price negative?

The rationale behind carbon pricing is firstly its higher efficiency compared to command and control. Secondly, its higher effectiveness compared to voluntary agreements and information. Although many countries have introduced carbon pricing mechanisms, factoring in current fossil fuel subsidies results in negative net carbon prices globally.
Without significant increases in carbon-based energy prices, energy consumption will go on rising and energy efficiency be disincentivized ultimately leading to a failure to stabilize the climate in a cost-efficient way.
Net carbon prices, net carbon revenues, and net carbon revenue as a share of current national health expenditure across 75 countries in 2016 and 2017.

Source: The 2020 report of The Lancet Countdown on health and climate change: responding to converging crises; The Lancet; ©2020 Elsevier Ltd.
(A) Net carbon prices.
(B) Net carbon revenues.
(C) Net carbon revenue as a share of current national health expenditure.
The boxes represent the IQRs, the horizontal lines inside the boxes represent the medians, and the crosses represent the means. The brackets represent the range from minimum to maximum; however, points are represented as outliers beyond this range if their values are 1·5 times the IQR less than the first quartile or more than the third quartile. tC02=tonnes of carbon dioxide.

Member of WCP Scientific Committee Paul Ekins – Professor of Resources and Environmental Policy and Director of the UCL Institute for Sustainable Resources, University College London. From his speech at the launch webinar of WCP “Carbon pricing as a win-win solution for a green recovery” held on 18th March 2021
Carbon price news worldwide
- Low carbon hydrogen production business model heads of terms update – what does it ... Febbraio 3, 2023Of these transport modes, pipelines and ships are the most scalable options with the lowest cost per tonne of CO2 transported. In the third and final ...
- Concrete traps CO2 soaked from air in climate-friendly test - Reuters Febbraio 3, 2023The price of carbon also needs to fall. The U.S. government and industry broadly see $100-a-tonne carbon dioxide as a reasonable price for broad ...
- Want to buy an EV or heat pump? New coin will help you defray the costs | TechCrunch Febbraio 3, 2023Induction stoves and heat pumps may cost more than natural gas ... we want to do is make it crystal clear to consumers that carbon has a price.
- India pledges $4 billion for green energy to cut carbon emissions - Nature Febbraio 3, 2023India pledges $4 billion for green energy to cut carbon emissions ... change is costing trillions — and low-income countries are paying the price.
- Nature-based credits continue sharp selloff in voluntary carbon markets - S&P Global Febbraio 3, 2023A selloff on nature based avoidance carbon credits continued Feb. ... For full access to real-time updates, breaking news, analysis, pricing and ...