In April 2021, the Global Green Growth Institute (GGGI) joined the Carbon Pricing Leadership Coalition through its Carbon Pricing Global Practice. GGGI’s Carbon Pricing Global practice is a leading actor in global piloting of international carbon transactions under Article 6 of the Paris Agreement and brings with it, experience in providing key services in carbon pricing policy design, development of regulatory frameworks and institutional capacity, design and structuring of transactions, and thought leadership.
Today in Glasgow, the Minister of the Environment and the Fight against Climate Change, Minister Responsible for the Fight against Racism and Minister Responsible for the Laval Region, Benoit Charette, and the Chilean Minister of Energy, Juan Carlos Jobet, invited governments across the Americas to endorse the Glasgow Declaration on Carbon Pricing in the Americas, an initiative of the Carbon Pricing in the Americas platform co-chaired by Québec and Chile.
Integrating carbon pricing into investment decision making and ensuring that carbon pricing policies are designed with consideration of social and development concerns were the two key topics of discussion at the Carbon Pricing Leadership Coalition (CPLC) Fourth Annual High-Level Assembly (HLA) that took place during the World Bank and International Monetary Fund Spring Meetings.
The Leaders’ Voices on Carbon Pricing to Drive Climate Action, a CPLC side event during COP23 in Bonn, provided a platform for partners and stakeholders to focus on this discussion.
This week, the World Bank Group released the latest version of our annual State and Trends of Carbon Pricing report. It reports that today, 39 nations and 23 cities, states or regions are using a carbon price.
This represents the equivalent of about 7 billion tons of carbon dioxide, or 12 percent of annual global greenhouse gas emissions.
How countries grow and the investments they make to meet the energy, food and water needs of an expanding population can fuel climate change or contribute to solutions. World Bank President Jim Yong Kim has set out five key areas of action to rein in climate change while boosting development, starting with putting a price on carbon.
Five months after the UN Climate Leadership Summit, with its unprecedented call to action for putting a price on carbon, low oil prices have provoked governments to look again at whether they have prices right and to consider how to exploit a golden opportunity to reset signals within their economies for lower-carbon growth.
With carbon pricing policies emerging around the world and the recent show of public support for carbon pricing from 74 national governments and more than 1,000 businesses, one piece of the puzzle that needs to be solved is how to connect systems to create an international carbon pricing framework.
New carbon pricing systems are being developed in China, Chile and other countries to help reduce greenhouse gas emissions and encourage clean energy and sustainable development. This will mean new reporting requirements and regulations for an increasing number of national and multi-national companies.
More than 1,000 companies and over 70 countries are speaking out in support of a price on carbon. Several government leaders and CEOs who aligned with the Put a Price on Carbon Statement shared their reasons for supporting carbon pricing. Following are some of their comments.
Vancouver is thriving. Across the coastal Canadian city, jobs are being created, fueled by a cleaner, greener economy. Low-carbon development projects are underway, and there is a shift toward neighborhood energy strategies that cut greenhouse gas emissions and make the energy supply more resilient to storms and overloads.
