Support for carbon pricing is growing around the world as governments, businesses and investors alike realise that it can effectively reduce greenhouse gas emissions without harming the economy. In the US the nine states that participate in the Regional Greenhouse Gas Initiative cut their emissions by 18% and grew their GDP by 9.2% in 2009-2013. By comparison, emissions in the other 41 US states fell by only 4%, and their GDP grew by 8.8% over this same period. California’s economy
EU ETS: Business ambition and commitment is key to success
The EU ETS has been around for 10 years and, like other emissions trading systems, has been plagued by an excess of allowances keeping prices low and reducing the incentives for business. Yet Europe has decoupled its growth from its carbon emissions - the former up 19% and the latter down 45% over the period of the ETS. Is all of this down to the recession and downturn in production?
Carbon Price Ask Transcends Corporate Politics
G7 recognizes need for deep emissions cuts. Now for action
This weekend, the leaders of the G7 committed to a series of actions that mark their first serious recognition of the economic transformation that is ahead of us. Collectively, they recognized the need to decarbonize the global economy, enshrining in economic cooperation what the scientists in the IPCC told us last year in their Fifth Assessment Report.
6 Oil & Gas CEOs Call for a Price on Carbon
Carbon Pricing Is Achieving Critical Mass as Governments Learn from One Another
With the growth of carbon pricing instruments and rising interest from the private sector, governments are increasingly learning from one another and experimenting with different carbon pricing solutions. Whether they use taxes or emissions trading systems, there is now an emerging evidence base of how to successfully price carbon. Three jurisdictions are leading the way: the European Union, California and China.
The Tanker Has Turned: Reflections on Climate Week Paris
Carbon Pricing Is Expanding: Initiatives Now Valued at Nearly $50 Billion
Business Leaders to Policy Makers: We Want ‘Net-Zero Emissions’
Sweden: Decoupling GDP growth from CO2 emissions is possible
With the highest level of CO2 tax worldwide, Sweden provides strong evidence that decoupling GDP growth from CO2 emissions is possible and that CO2 tax is an efficient way of achieving a decrease in CO2 emission with fossil origin, write Sweden's Finance Minister Magdalena Andersson and Minister for International Development Cooperation Isabella Lövin.
