Partner voices: blogs, opinions, and analysis
This week, representatives from government, business and civil society are gathering at the Carbon Pricing Leadership Coalition’s High-Level Assembly to discuss how carbon pricing can be used to shift investments towards low-carbon and climate-resilient projects, and how carbon pricing can address broader social concerns.
As carbon pricing gains increasing attention around the world, it’s essential that policies are informed by independent and sound analysis. The Carbon Tax Research Initiative at Columbia University's Center on Global Energy Policy is pleased to join the Carbon Pricing Leadership Coalition to offer its analytical expertise and learn from CPLC members about the opportunities and challenges of carbon pricing. CGEP’s initiative helps policymakers, businesses, and other leaders understand carbon pricing and the impacts on the economy, emissions and energy markets.
Over the past few years, there has been a groundswell of support for carbon pricing - not only by governments, but increasingly by the private sector. As of 2017, almost 1400 companies worldwide are embedding an internal carbon price into their business strategies, up from 140 in 2014.
Building on this theme, Carbon Pricing Leadership Coalition (CPLC) and its partners, World Resources Institute (WRI), CDP, and International Finance Corporation (IFC) joined forces with The Energy and Resources Institute (TERI) to convene a private sector roundtable in the margins of the first International Research Conference on Carbon Pricing on February 14-15, 2019 in New Delhi, India.
Learn more about the key takeaways from the discussion.
The Energy Innovation and Carbon Dividend Act puts a price on carbon-emitting fuels, at the source, and delivers all revenues to households as monthly dividends. With a steadily rising fee and steadily rising dividends, the plan sends a clear, predictable price signal to producers and is projected to reduce greenhouse gas emissions 90 percent by 2050.
Carbon pricing in the news
In early March, the Carbon Tax Research Initiative at Columbia University's Center on Global Energy Policy (CGEP) joined the CPLC as an official partner. The Initiative explores key questions and implications related to the design and implementation of a carbon tax in the United States. Check out some of their work here.
On Tuesday, March 19 at Africa Climate Week, the World Bank Group (WBG) and International Emissions Trading Association (IETA) hosted a Carbon Pricing Leadership Coalition (CPLC) workshop on Carbon Pricing, Markets, and Sustainable Development in Africa. This all-day event showcased how policies and programs to put a price on carbon can mobilize climate investment, drive social benefit, and reduce carbon pollution. The agenda featured key stakeholders who are either implementing, considering, or advancing carbon pricing—including representatives from Burkina Faso, Côte d'Ivoire, South Africa, Rwanda, Senegal and Nigeria.
UN Climate Change News, Accra, 20 March 2019 – Africa Climate Week in Accra, Ghana, got firmly underway this morning with the commencement of the high-level segment at the capital’s Convention Center. The overriding message being heard at this Regional Climate Week is that a ‘bright and happy future’ will be largely compromised without the proper financing, which also needs to be de-risked to encourage flows of finance to the 54 African nations. There are some positive signals: the World Bank Group last week announced $22.5 billion over 2021-2025 in climate support in Africa – a commitment which acted as a precursor to their co-hosting of a ‘Carbon Pricing Day’ on the margins of the Africa Climate Week, highlighting how innovative policies and programs can mobilize climate investments, drive social benefits, and reduce carbon pollutions.
Launched in May 2017, the Carbon Pricing Dashboard is an interactive online platform that provides up-to-date information on existing and emerging carbon pricing initiatives around the world.
Change in numbers as of February 1, 2019:
46 national jurisdictions and 28 subnational jurisdictions are putting a price on carbon.
57 carbon pricing initiatives are implemented or scheduled for implementation
High-Level Assembly | April 11 | 13:00-14:30 | World Bank HQ (Board Room)
Technical Workshop | April 12 | 9:00-16:30 | Canadian Embassy (TBC)
The CPLC Secretariat has opened registration for the CPLC Fourth Annual High-Level Assembly and Technical Workshop. CPLC Partners are invited to participate in both. The High-Level Assembly and CPLC Technical Workshop will take place as part of the World Bank Group/International Monetary Fund Spring Meetings, and will bring together leaders from government, private sector, and civil society organizations.
Registration is required. Participants must also register for a Spring Meeting badge.
The findings, interpretations and conclusions expressed here do not necessarily reflect the views of the Carbon Pricing Leadership Coalition (CPLC). Many of the links on this blog will take you to sites operated by third parties. CPLC cannot guarantee the accuracy or reliability of any information, data, opinions, advice or statements meant on these sites.