The international community seeks to confront global climate change (GCC) primarily caused by fossil fuels combustion. It also aims to fulfil the sustainable development goals, particularly the seventh and thirteenth ones, which are related to sustainable energy and confronting GCC. Emissions trading, joint implementation, and clean development are flexibility mechanisms that were proposed by employing the Kyoto Protocol. Carbon pricing is done through either direct methods represented by carbon taxes and the emissions trading schemes or indirect methods, such as fuel taxes, raising fuel subsidies, incentives in exchange for reducing emissions, etc. The purpose of the study is to clarify the efficacy of the policies of carbon pricing in confronting GCC and achieving sustainable development goals while commenting on the most important obstacles facing these policies. This is accomplished by relying on the descriptive and analytical approach, where the global situation in this field will be examined. The study concluded that these policies have become necessary to confront GCC and have proven their effectiveness in many countries around the world, but they must be accompanied by other policies to achieve the desired goals.