structural:summarization, stylistic:style_transfer
Policy options

A wide range of policies, regulations, and laws are being used to reduce emissions. As of 2019, carbon pricing covers about 20% of global greenhouse gas emissions. Carbon can be priced with carbon taxes and emissions trading systems. Direct global fossil fuel subsidies reached $319 billion in 2017, and $5.2 trillion when indirect costs such as air pollution are priced in. Ending these can cause a 28% reduction in global carbon emissions and a 46% reduction in air pollution deaths. Money saved on fossil subsidies could be used to support the transition to clean energy instead. More direct methods to reduce greenhouse gases include vehicle efficiency standards, renewable fuel standards, and air pollution regulations on heavy industry. Several countries require utilities to increase the share of renewables in power production.