Carbon Pricing Leadership Report
The CPLC annual report provides an update on CPLC’s activities over the last year. It also showcases articles from thought leaders to inspire and guide government and business leaders to increase their carbon pricing ambition.
This past year, CPLC intensified its advocacy role, facilitated new opportunities for sharing between carbon pricing researchers and knowledge creators, and responded to knowledge gaps to strengthen the argument in favor of climate action through carbon pricing.
Meeting the world’s agreed climate goals in the most cost-effective way while fostering growth requires countries to set a strong carbon price, with the goal of reaching $40-$80 per tonne of CO2 by 2020 and $50-100 per tonne by 2030. That’s the key conclusion of the High-Level Commission on Carbon Prices, led by Nobel Laureate Joseph Stiglitz and Lord Nicholas Stern.
Convened by the Carbon Pricing Leadership Coalition (CPLC) at Marrakesh in 2016 and supported by the Government of France and the World Bank Group, the Commission brought together 13 leading economists from nine developing and developed countries to identify the range of carbon prices that, together with other supportive policies, would deliver on the Paris climate targets agreed by nearly 200 countries in December 2015.
The Carbon Pricing Leadership Coalition official launched on November 30, 2015, the opening day of the United Nations Framework Convention on Climate Change 21st Conference of the Parties as one of the first deliverables of COP21. The coalition seeks to expand the use of effective carbon pricing policies that can maintain competitiveness, create jobs, encourage innovation, and achieve meaningful emissions reductions.
To help companies put their carbon pricing commitments into action, the UN Global Compact and World Resources Institute, together with Caring for Climate partners, released the Executive Guide to Carbon Pricing Leadership. The guide, which features insights from more than 100 companies from around the world, is designed for individuals who are now completing due diligence on carbon pricing of behalf of their companies.