What: Environmental Defense Fund and International Emissions Trading Association will unveil a declaration from prominent environmental and corporate groups promoting sound carbon accounting, and urging countries to adopt robust rules to avoid double counting of emissions reductions under the Paris Agreement. See the full details.
Recently, Ecofys, a Navigant company and The Generation Foundation published new research on Nine Options to use Internal Carbon Pricing in Procurement, explaining how companies and governments can use internal carbon pricing (ICP) to work with their suppliers and future-proof their supply chain. As part of the research, the authors are opening up the findings for online consultation until 7 December 2018 here: https://s.chkmkt.com/icp. Check out the research and add your insight.
On November 27, 2018 Members of the United States House of Representatives announced the introduction of bipartisan carbon fee legislation. CPLC partner Citizens’ Climate Lobby was one of the key civil society organizes advocating for the introduction of the Energy Innovation and Dividend Act. See the press release from Congressman Ted Deutch’s (D-FL) office in this CPLC news story.
The Brown to Green Report is the world’s most comprehensive annual review of G20 climate action, and this is its fourth edition. It has been compiled by Climate Transparency, a global partnership of 14 climate research organisations and NGOs from the majority of G20 countries, many from emerging economies. The report draws on the latest emissions data from 2017 and covers 80 indicators on decarbonisation,climate policies, finance and vulnerability to the impacts of climate change. Providing country ratings, it identifies leaders and laggards in the G20.
See the latest carbon pricing initiatives around the world!
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. It builds on the data and analyses of the annual State and Trends of Carbon Pricing report. Users can navigate key statistics and information on carbon initiatives implemented or scheduled for implementation using interactive mapping.
Today, the Government of Canada announced its plans to implement a carbon tax in Ontario, New Brunswick, Manitoba, and Saskatchewan. The tax will return 90% of the revenue back to households in those provinces and send the other 10% to businesses, schools, Indigenous communities and other localities to reduce carbon emissions. The plan is projected to provide most families more money on net when comparing the tax’s costs versus its rebate to households. The announcement continues Canada’s commitment to using carbon pricing as a key tool to reduce carbon emissions and build an innovative, low-carbon economy.
Today, the International Finance Corporation’s Climate Business Department and the Carbon Pricing Leadership Coalition launched Construction Industry Value Chain: How Companies Are Using Carbon Pricing to Address Climate Risk and Find New Opportunities. The Report includes insights into how the construction industry is moving towards sustainability and using carbon pricing as a key tool to lower their carbon emissions.
On October 3-4, 2018, the Global Maritime Forum organized its inaugural Annual Summit in Hong Kong. Opened by Chief Executive of Hong Kong, Ms Carrie Lam, the Summit focused on three topics of major relevance for the shipping industry: decarbonization, digitalization and protections. Additionally, a statement signed by 34 shipping CEOs was released calling for enhanced climate action under the International Maritime Organization, including the use of carbon pricing.
Building on the work of Smith students and faculty—as well as recommendations of the college’s Study Group on Climate Change—Breanna Parker designed a carbon pricing strategy that is part of a toolkit being distributed by the national Carbon Pricing in Higher Education Working Group.
The toolkit—developed by Smith, Yale, Swarthmore and other colleges in collaboration with Second Nature and the Carbon Pricing Leadership Coalition—includes case studies and recommendations on how colleges and universities can put a price tag on carbon emissions to demonstrate the environmental costs of specific products and technologies.
William Nordhaus has been awarded the 2018 Nobel Prize in Economics. Nordhaus, now Sterling Professor of Economics at Yale, suggested incorporating into economic models the costs of carbon dioxide emissions as early as 1975. He developed influential models to analyze the costs and benefits of reducing greenhouse gas emissions. His work provided a basis for the United States’ Federal estimate of the social cost of carbon initiated under President George W. Bush and completed under President Obama. Social cost of carbon estimates are now used by governments around the world and Nordhaus’s DICE model is at the core of much of the IPCC’s analysis on benefits and costs. In 2014, Professor Nordhaus led the development of Yale’s carbon charge, an internal revenue-neutral carbon pricing system that covers about 70% of the university’s building-related emissions.
IFC, a member of the World Bank Group, has become the first multilateral development institution to disclose climate-related risk under the guidelines of the Task Force on Climate-related Financial Disclosure (TCFD), joining a number of entities that are taking steps to identify and mitigate climate-related financial risk. The disclosure, made in IFC’s 2018 Annual Report, signals a growing momentum for climate-related disclosures.
Today, the full agenda has been released for the Latin America and Caribbean Climate Week 2018 (LACCW2018), which is being convened from 20–23 August in Montevideo, Uruguay.
The event – which lands three weeks ahead of both the Global Climate Action Summit in California and New York Climate Week – will be instrumental in demonstrating that there is genuine international support for stepping-up climate action by mobilizing actors across the Latin America & Caribbean region.
UKRGASBANK became the first partner from Ukraine to join the Carbon Pricing Leadership Coalition, a community of climate leaders brought together with the goal of putting in place effective carbon pricing policies that maintain competitiveness, create jobs, encourage innovation, and deliver meaningful emissions reductions.
At the Carbon Pricing Leadership Coalition’s (CPLC) third High Level Assembly, the World Bank Group announced a High-Level Leadership Forum on Carbon Pricing and Competitiveness that will convene private sector leaders around competitiveness concerns that have tended to inhibit the wider uptake of carbon pricing.
Canada, March 15, 2018 — Canadian companies, partners in the Carbon Pricing Leadership Coalition, came together to share their past experiences and lessons learned around carbon pricing implementation in the The Role of Carbon Pricing in a Low-Carbon Transition report. Presenting a collective of companies from various sectors, the report includes best practices for the private sector making the transition to a low-carbon economy and some recommendations for the continued development of carbon policies in coming months.