WRI
A Carbon Price Can Benefit the Poor While ...

Climate discussions like those we’ve just been seeing at the UN summit in Katowice, Poland tend to focus on working together to deliver existing climate commitments and raising ambition—getting countries to reduce more GHG emissions, faster.  But there’s an equally important issue that gets far less attention: ensuring climate action is delivered in a way that doesn’t leave anyone behind, particularly the world’s most vulnerable people.

See Helen Mountford and Molly McGregors’ latest blog post on how carbon pricing can benefit the poor and reduce emissions.

Dr Aisha Al-Sarihi
How can carbon pricing support economic ...

The Arab Gulf States – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE –are highly vulnerable to oil price shocks due to their high economic reliance on oil and gas export revenues. Historically, oil price shocks have been a source of pressure on the Arab Gulf States economies. However, only since mid-2014 have oil prices seemed to pressure on political regimes to consider domestic economic reforms and development of alternative sources of income (i.e. economic diversification).

To avoid long-term negative implications – such as increasing total CO2 emissions and deterioration of air quality associated with increasing downstream petrochemical energy intensive industries, fossil fuel subsidy reforms, enhancing energy efficiency and the use of clean energy technologies are indeed instrumental to tackle such issues. In this article, carbon pricing is proposed as a useful instrument to complement the aforementioned tools.

How can carbon pricing support economic diversification in the Arab Gulf States?
Alexandre Kossoy
Climate change threats global development – ...

To address the global development risks posed by climate change, a major technological shift leading to a substantial reduction in the global greenhouse gas (GHG) emissions will be necessary. In parallel, the substantial global economic and development distortions - that lead to inequality - do not enable the technological and financial transfers needed for a sustainable and equitable global economy. This brings us to a fundamental question:  when climate change only imposes an additional threat of unseen scale, how can we change the economic status-quo?

Climate change threats global development – what's the role of carbon pricing?
Statoil
Carbon pricing leads to emission reductions

Statoil has been operating in a market where an external carbon price has existed since the early 1990s. Due to CO2 tax and other regulatory measures the oil and gas industry in Norway has adopted emission-reduction measures corresponding to more than five million tonnes of CO2 per annum since 1996. Consequently, Norwegian oil and gas production is in the global premier division for low GHG emissions and the average amount emitted per unit produced is about half the world average.

Carbon pricing leads to emission reductions
Dominik Englert
Three reasons why maritime transport must act ...

Several key global players are now calling on the maritime sector to challenge the status quo and limit its climate impact. From our perspective, we see at least three major reasons that can explain why emissions from maritime transport are becoming a global priority.

Three reasons why maritime transport must act on climate change

Testcase carbon pricing Dutch SME’s leads to insight and action

In recent months, a testcase with carbon pricing has been carried out with three medium sized enterprises (SME’s) from the province of North Brabant, the Netherlands. The participants calculated their carbon footprint and gained insight into what a price on CO2 means for their own business.

Financial Actors Take Note: expanded carbon pricing poses real, but manageable, 'transition' risks

I4CE has published a series of three Climate Briefs on the management of climate-related risks by financial actors, focusing specifically on three questions:

  • Why should financial actors align their portfolios with a 2°C pathway to manage transition risks?
  • How could financial actors manage their exposure to climate risks? 
  • How should financial actors deal with climate-related issues in their portfolios today?

This blogpost rapidly summarizes these three Climate Brief presents an overview of the topics covered and the main conclusions. The three briefs are available on the I4CE website. 

The debate about Australia’s low-carbon future has been reignited

The debate about Australia’s low-carbon future has been reignited

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.

International coalition mulls carbon pricing for shipping

International coalition mulls carbon pricing for shipping

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.

Carbon pricing is on the rise: How your business can benefit

What do HSBC, China, LafargeHolcim and California have in common? Despite the continuing debate in some corners about the ways and means of climate change, they are getting down to business — assigning a price to carbon pollution and then letting the market uncover profitable emissions reductions opportunities.

Will we ever stop using fossil fuels?

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. 

The Carbon Pricing Leadership Coalition brings together leaders from government, private sector, academia, and civil society to expand the use of carbon pricing policies.

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