About This Project

GCPFT proposes a binding international treaty establishing a minimum carbon price floor of $50/tCO2 in 2025, rising to $200/tCO2 by 2035, across all G20 nations. The treaty includes a border carbon adjustment mechanism preventing carbon leakage to non-participating nations. Revenue is split: 50% to domestic clean energy transition, 25% to a Global Climate Adaptation Fund for vulnerable nations, 25% to nature-based carbon removal projects. The price floor is legally binding via trade law — nations failing to meet the floor face tariffs on carbon-intensive exports. This design bypasses the voluntary pledge system by embedding climate compliance into trade infrastructure.

Timeline