Carbon Pricing Leadership Report
At CPLC's Second High-Level Assembly, the Coalition launched its first annual report. The report captures over 60 stories of successful carbon pricing efforts. The stories contained here, cross geographies and sectors, and range from governments working to expand, deepen and link carbon pricing systems, to corporate innovation through internal carbon pricing and student-led campaigns to raise awareness about the need for action.
Carbon Pricing Leadership Coalition
Carbon emissions from the burning of fossil fuels already carry a hefty price, though people are rarely aware of it. The bill comes to all of us masked in public health care costs, harm to the environment, and the effects of climate change.
But what if the cost of carbon emissions was instead paid at the source, where choices about fuel use are made? How would that change the incentive structure underpinning our global reliance on fossil fuels?
That's the idea behind carbon pricing. It shifts the social costs of climate change to the source of the pollution, encouraging polluters to reduce emissions and invest in clean energy and low-carbon growth.
So how do we put a price on carbon, and why do so many government and business leaders support it?
In September 2014, the idea of a Carbon Pricing Leadership Coalition formed from a groundswell of support for carbon pricing at the UN Climate Summit, where 74 countries and more than 1,000 companies expressed support for carbon pricing. The Coalition officially launched at COP21 in Paris, with the goal to expand the use of effective carbon pricing policies that can maintain competitiveness, create jobs, encourage innovation, and deliver meaningful emissions reductions.
On October 19, 2015, World Bank Group President Jim Yong Kim and International Monetary Fund Managing Director Christine Lagarde launched The Carbon Pricing Panel with heads of government and supported by private sector leaders.
Panel members are demonstrating leadership and calling on their peers to join them in putting a price on carbon.
A growing number of leaders – national, local and corporate – are speaking out in support of carbon pricing. Listen as they describe their experiences with carbon pricing and the reasons they consider it a powerful and efficient way to reduce emissions.
views on pricing carbon
As the leading business association dealing with climate change in Australia, the Carbon Market Institute has been at the centre of policy discussions to ensure a business voice is represented in the design and implementation of effective and stable climate policy. This article describes how the inevitability of reformed energy and climate policy in Australia, and new low-carbon developments in the Region, have reignited the debate about the country’s low-emissions future.
The Carbon Pricing Leadership Coalition (CPLC) launched a new initiative to progress the use of carbon pricing as a tool to enable the shipping industry’s decarbonisation and switch away from fossil fuels. The initiative will be co-chaired by Johannah Christensen (Director, Global Maritime Forum) and Tristan Smith (UCL/UMAS), supported by CPLC Partners including the World Bank Group and the International Monetary Fund.
In recent years, proponents of clean energy have taken heart in the falling prices of solar and wind power, hoping they will drive an energy revolution. But a new study co-authored by an MIT professor suggests otherwise: Technology-driven cost reductions in fossil fuels will lead us to continue using all the oil, gas, and coal we can, unless governments pass new taxes on carbon emissions.
How did Alberta, with massive oil reserves and a powerful industry pushing for growth, come to adopt progressive policies that made it the talk of the Paris climate change meeting just eight days after Notley’s announcement?
A common carbon market in Northeast Asia? – Roundtable discussions in Hong Kong on how to connect China, Japan and South Korea