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

Declaration on Carbon Pricing in the Americas: Building Momentum Among Continents

In the wake of the historic Paris Agreement, new partnerships are emerging around the world to keep the momentum on climate action going — including the Declaration on Carbon Pricing in the Americas. Neydi Cruz, Angela Churie Kallhauge, Dirk Forrister, and Nathaniel Keohane lay out the background to the Declaration and what the partners have achieved since its December 2017 signing.

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.

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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