Climate Change Cost Explainer

In this Sept. 18, 2021 photo, emissions rise from the smokestacks at the Jeffrey Energy Center coal power plant as the suns sets, near Emmett, Kans. As climate change bakes the planet, dozens of nations including the U.S. and many local governments are putting a price tag on greenhouse gas emissions that are causing more floods, droughts and other destructive events. (AP Photo/Charlie Riedel, File)

BILLINGS, Mont. (AP) — As climate change bakes the planet, dozens of nations and many local governments are putting a price tag on greenhouse gas emissions that are increasing flooding, droughts and other costly catastrophes.

Pennsylvania on Saturday becomes the first major fossil fuel-producing state in the U.S. to adopt a carbon pricing policy to address climate change. It joins 11 states where coal, oil and natural gas power plants must buy credits for every ton of carbon dioxide they emit.

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