A Sector at a Crossroads: the Emerging Role of Carbon Pricing in Transportation

A Sector at a Crossroads: the Emerging Role of Carbon Pricing in Transportation

Much of global climate action today is focused on tackling emissions from the energy sector and industrial activities. The importance of decarbonizing transport, a sector that produces around one quarter of energy-related greenhouse gas (GHG) emissions globally, has been rather under-appreciated. In the United States, transportation has overtaken power generation as the number one emitter of carbon emissions. And with ever increasing demand for mobility and the rise of renewables in the power sector, transportation’s slice of the global emissions pie is expected to grow further, unless a concerted global effort to is undertaken to buck the tide.

Resurgence of Carbon Pricing in Asia

Resurgence of Carbon Pricing in Asia

In 2017, we continued to see steady growth of carbon pricing in Asia. Some of the encouraging trends include China’s launching its national emission trading system (ETS) in December 2017, Kazakhstan restarting its ETS in 2018 after a two-year suspension, Korean introducing new design reforms in the ETS, Singapore preparing to implement a carbon tax from 2019 and India declaring its intention to launch a voluntary carbon market in the country.

The Carbon Pricing Leadership Coalition: Fostering Climate Leadership in a Bottom-Up World

I was one of the architects behind the CPLC, and have recently moved to a new position to help the International Finance Corporation promote private sector-led development.  Departing put me in reflective mode:  how did this unique, impactful initiative come to exist? And can a bottom-up, public-private initiative, provide lessons to those seeking new models to tackle other global challenges? 

Unilever: Using Carbon Pricing to Achieve Corporate Goals

Unilever:  Using Carbon Pricing to Achieve Corporate Goals

Worldwide, the private sector is increasingly acknowledging the business case for investing in climate business opportunities and climate risk management. However, the question of which management approaches are most appropriate for each company is still being explored.

In a recent webinar on designing and implementing internal carbon pricing hosted by the Carbon Pricing Leadership Coalition (CPLC), the World Economic Forum (WEF) and Yale University, Unilever - one of the largest consumer goods company in the world - discussed some approaches that businesses can take, and have already taken, to implement such measures.

Carbon Pricing to Catalyze Sustainable Shared Prosperity

Carbon Pricing to Catalyze Sustainable Shared Prosperity

Our experience illustrates the transformational innovation of this multilevel, multilateral coalition: non-governmental organizations, governments, UN agencies, businesses, banks, and universities, come together around one table, and work as peers to design and to facilitate the deployment of smart carbon pricing, across the world. Such multilevel collaboration is essential to achieving the optimal timeline to full-spectrum inclusive climate prosperity.