Carbon Pricing Spreads as a Tool to Tackle Climate Change

Carbon Pricing Spreads as a Tool to Tackle Climate Change

UN Climate Change News, 14 December 2018 – Countries are increasingly using or considering to use carbon pricing instruments as a means to achieve their commitments under the Paris Agreement, and examples were presented this week at the UN Climate Change Conference (COP24) in Katowice, Poland.

As of April 2018, carbon pricing initiatives implemented or scheduled for implementation were expected to cover 20 percent of the world’s total greenhouse gas emissions. Parallel to this, climate policy supporters at the global level have become more involved backing strategies that take into consideration carbon pricing.

CPLC Partner: New report presented in Katowice: Polish and Baltic companies see business benefits of climate efforts

CPLC Partner: New report presented in Katowice: Polish and Baltic companies see business benefits of climate efforts

“Polish and Baltic companies see that climate mitigation efforts can strengthen competitiveness, and several companies see an opportunity to become fossil-free. These are some of the findings of a new report from the Haga initiative, presented today at COP 24 in Katowice, in cooperation with the Swedish government and the Nordic Council of Ministers. The report confirms that the positive view of climate efforts that has become increasingly common among Nordic companies, is also valid on the other side of the Baltic Sea.”

See the full press release from the Haga Initiative.

COP 24 Media Advisory: Environmental and Corporate Groups to Urge Countries to Adopt Rules on Sound Carbon Accounting Under Paris Agreement

COP 24 Media Advisory: Environmental and Corporate Groups to Urge Countries to Adopt Rules on Sound Carbon Accounting Under Paris Agreement

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.

Request for Consultation: Nine Options to use Internal Carbon Pricing in Procurement

Request for Consultation: Nine Options to use Internal Carbon Pricing in Procurement

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.

USA: Landmark Bipartisan Carbon Fee Legislation Introduced

USA: Landmark Bipartisan Carbon Fee Legislation Introduced

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.

Business Urges Governments to Step Up Fight Against Climate Change

Business Urges Governments to Step Up Fight Against Climate Change

Geneva, Switzerland, 29 November 2018 – Heads of 50 major global businesses representing more than $1.5 trillion in total revenue today publish an open letter to world government leaders urging greater collaboration to accelerate outcomes in the race against climate change.

Missing the target: power and transport most urgent in G20 country climate action – report

Missing the target: power and transport most urgent in G20 country climate action – report

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.


Updated Carbon Pricing Dashboard

Updated Carbon Pricing Dashboard

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.

Government of Canada announces carbon tax plan for Ontario, New Brunswick, Manitoba, and Saskatchewan

Government of Canada announces carbon tax plan for Ontario, New Brunswick, Manitoba, and Saskatchewan

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.

Report Launch: Carbon Pricing in the Construction Industry Value Chain

Report Launch: Carbon Pricing in the Construction Industry Value Chain

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.

Carbon pricing at the Global Maritime Forum’s Summit in Hong Kong

Carbon pricing at the Global Maritime Forum’s Summit in Hong Kong

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.

Leading the Way: Modeling Carbon Pricing

Leading the Way: Modeling 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.

Yale’s William Nordhaus wins 2018 Nobel Prize in Economic Sciences

Yale’s William Nordhaus wins 2018 Nobel Prize in Economic Sciences

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 Press Release: IFC Becomes First Development Institution to Make TCFD Disclosure on Climate Risk

 IFC Press Release: IFC Becomes First Development Institution to Make TCFD Disclosure on Climate Risk

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.