State and Trends of Carbon Pricing 2019
Carbon pricing is widely seen as a critical component of an effective climate strategy. However, the coverage and strength of existing carbon pricing policies are too low to reduce emissions in line with the Paris Agreement on climate. State and Trends of Carbon Pricing 2019 provides an up-to-date overview of existing and emerging carbon pricing initiatives at the international, national, and subnational level. It investigates trends surrounding the development and implementation of carbon pricing instruments and how they could accelerate to deliver long-term mitigation goals. Unique to this edition, the report also takes a more comprehensive review to examine the role of implicit carbon pricing in fiscal and energy policies. This work is a product of the World Bank, with support from Navigant, as well as from the Carbon Pricing Leadership Coalition, the International Climate Action Partnership (ICAP) and the Partnership for Market Readiness (PMR).
Putting a price on carbon can be an effective way for governments and organizations across sectors to effectively alter behavior in favor of lower-carbon choices. The construction value chain is a complex, highly fragmented mix of life-cycle stages, delivery models, and stakeholders, with few incentives to consider climate change impacts. Carbon pricing is yet to achieve its potential when it comes to driving behavior change in construction.
This study explores how carbon pricing mechanisms can be designed better to more effectively account for emissions from the construction value chain. It identifies raw material production and use as the stages with highest emissions, and outlines the need for intervention at the earliest stages of the project to reduce emissions along the lifecycle. The analysis also finds that the method of project delivery and financing can impact the emissions profile of a constructed asset.
Carbon Pricing Leadership Report
The CPLC annual report provides an update on CPLC’s activities over the last year. It also showcases articles from thought leaders to inspire and guide government and business leaders to increase their carbon pricing ambition.
This past year, CPLC intensified its advocacy role, facilitated new opportunities for sharing between carbon pricing researchers and knowledge creators, and responded to knowledge gaps to strengthen the argument in favor of climate action through carbon pricing.
Guide to Communicating Carbon Pricing
Stakeholder and public support are critical for an enduring and robust carbon pricing policy. How jurisdictions communicate their carbon pricing policy plays a key role in creating and maintaining that support. Drawing on case studies, research and best practice, the report provides guidance on designing and implementing effective carbon pricing communications strategies.
Briefing Notes: Targeted briefs for Government & Business
CPLC Publications and Resources
The CPLC drives action through knowledge sharing and targeted technical analysis tailored for policy makers, business leaders and practitioners on current and emerging practices related to the design and implementation of carbon pricing initiatives, market trends, opportunities and trade-offs.
To see a full listing of CPLC publications, click the image to the left. For additional knowledge products on carbon pricing from both the Coalition and our partners, scroll down.
Carbon Pricing Dashboard
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 series.
Users can navigate key statistics and information on carbon initiatives implemented or scheduled for implementation using interactive mapping.
The Carbon Pricing Dashboard was developed by the World Bank Group with the help of Ecofys and supported by CPLC.
Competitiveness and Carbon Leakage
What is the Impact of Carbon Pricing on Competitiveness?
Japanese, Spanish version (Carbon Pricing Leadership Coalition, 2016)
Carbon Pricing & Addressing Competitiveness
Use of Revenues
What are the Options for Using Carbon-Pricing Revenues
Japanese Spanish version (Carbon Pricing Leadership Coalition, 2016)
The Investment of RGGI Proceeds through 2014 Regional Greenhouse Gas Initiative (RGGI, 2016)
Carbon pricing: how best to use the revenue?
(Grantham Institute, GGGI, 2015)
Two World Views on Carbon Revenues
(Resources for the Future, 2013)
Carbon Fee and Dividend Explained (Citizens Climate Lobby, 2016)
How to Use Carbon Tax Revenues
(Tax Policy Center, 2016)
Choose Wisely: Options and Trade-Offs in Recycling Carbon Pricing Revenue
(Canada Eco-Fiscal Commission)
British Columbia’s Revenue-Neutral Carbon Tax: A Review of the Latest “Grand Experiment"
(Nicholas Institute and University of Ottawa Institute of the Environment, 2015)
Carbon Pricing Revenues
Carbon Pricing in the Maritime Shipping Sector
Carbon pricing options for international maritime emissions (New Climate Institute, 2019)
Regional carbon pricing for international maritime transport (World Bank, 2018)
CPLC LEADERSHIP REPORT
Carbon Pricing Leadership Report (2018/2019)
Carbon Pricing Leadership Report (2017/2018)
Carbon Pricing Leadership Report (2016/2017)
How can Carbon Prices and Policies be effectively aligned? Spanish version (Carbon Pricing Leadership Coalition, 2016)
Climate and Carbon: Aligning prices and Policies
Aligning Policies for a Low-carbon Economy
(OECD/World Bank Group, 2015)
Greening Construction: The Role of Carbon Pricing (IFC/CPLC, 2019)
Carbon Pricing in Brazilian Industry: a strategic initiative, English version (CPLC/cebds, 2018)
The Role of Carbon Pricing in a Low-Carbon Transition (Report from the Canadian Business Members of CPLC to Minister McKenna and Coalition partners, 2018)
C-Suite guide to internal carbon pricing Toolbox for creating corporate value (Ecofys, The Generation Foundation and CDP, 2017)
How-to guide to corporate internal carbon pricing - Four dimensions to best practice approaches (Ecofys, The Generation Foundation and CDP, 2017)
Internal Carbon Pricing – Stress Testing Business for Climate Change Risk (Talking Points brief from Trucost, a division of S&P Global, 2017)
Putting a Price on Carbon:
A Handbook for Indian Companies (CDP, TERI, 2017)
Carbon Pricing Corridors (CDP, 2017)
Impacts Of A Global Carbon Price On Consumption And Value Creation
Implications For Carbon Pricing Design (Generation Foundation, Ecofys, NTU, Netherlands Environmental Assessment Agency)
A Win-Win Solution to Abate Aviation CO2 Emissions (Joint Program on the Science and Policy of Global Change, MIT, 2017)
Carbon Market Readiness Training Guide (IETA, B-PMR, 2017)
Internal Carbon Pricing, A Growing Corporate Practice (English and French, EpE, I4CE, 2016)
Carbon Pricing: what the business sector needs to know to position itself (CEBDS and CDP, 2016)
Embedding a Carbon Price Into Business Strategy (CDP, 2016)
Executive Guide to Carbon Pricing Leadership
(UN Global Compact, WRI, 2015)
Emerging Practices in Internal Carbon Pricing
Investing in a Time of Climate Change
Preparing for Carbon Pricing: Case Studies from Company Experience - Royal Dutch Shell, Rio Tinto, and Pacific Gas and Electric Company
(Partnership for Market Readiness, 2015)
Markets Matter: Greenhouse Gas Markets 2014
Caring for Climate Business Leadership Criteria on Carbon Pricing
(UN Global Compact, 2014)
STATE AND TRENDS OF CARBON PRICING
State and Trends of Carbon Pricing 2018 (World Bank, 2018)
Carbon Pricing Watch 2017 (World Bank, Ecofys, May 2017)
State and Trends of Carbon Pricing 2016 (World Bank, Ecofys, 2016)
Linking carbon markets
Moving Towards Next Generation Carbon Markets: Observations From Article 6 Pilots (Climate Finance Innovators, 2019)
A Guide to Linking Emissions Trading Systems (ICAP, 2018)
Carbon Market Clubs and the New Paris Regime
(Climate Strategies, 2016)
Networking Carbon Markets – Key Elements of the Process
(World Bank, 2016)
Toward a club of carbon markets
Creating a club of carbon markets: Implications of the trade system
(ICTSD, WEF, 2015)
Addressing Climate Change: A WTO Exception to Incorporate Climate Clubs
(ICTSD, WEF, 2015)
Towards A Global Carbon Market Prospects for Linking the EU ETS to Other Carbon Markets
(Carbon Market Watch, 2015)
Carbon Mechanisms Review: Accelerating Action (Germany, 2019)
Unlocking Africa’s Carbon Market (Germany, 2019)
Guide to Communicating Carbon Pricing (CPLC, PMR, 2018)
Guide to Communicating Carbon Pricing Briefing Note: Business (CPLC, PMR, 2018)
Guide to Communicating Carbon Pricing Briefing Note: Government (CPLC, PMR, 2018)
Carbon Pricing Trends (© OECD, 2018)
Internal Carbon Pricing in Higher Education Toolkit (Working Group on Carbon Pricing in Higher Education, 2018)
Carbon Pricing in Practice: A Review of the Evidence 2017 (The Center for International Environment & Resource Policy)
Carbon Pricing Watch 2017 (World Bank and Ecofys)
The Sustainable Infrastructure Imperative: Financing for Better Growth and Development. (The New Climate Economy , 2016)
Galvanising low-carbon innovation (The New Climate Economy , 2016)
Underwriting 1.5°C: competitive approaches to financing accelerated
climate change mitigation (Perspectives Climate Group GmbH, 2017)
Ensuring Additionality under Art. 6 of the Paris Agreement: Suggestions for modalities and procedures for crediting of mitigation under Art 6.2 and 6.4 and public finance provision under Art. 6 (Perspectives Climate Research, 2017)
Market Mechanisms and the Paris Agreement (Harvard Project on Climate Agreements, 2017)
Writing the Paris Rulebook: Principles and Guardrails to Keep Things in Check (Carbon Mechanisms Review, September - October 2017, Issue 3)
This Executive Briefing discusses the progress being made in reducing greenhouse gas (GHG) emissions, challenges to achieving effective GHG emissions reduction, and the key role that financiers can play in both mitigating their own risks and helping the industry towards a more orderly, effective decarbonization.
As countries construct their 2030, 2040, and 2050 greenhouse gas mitigation scenarios, they have increasingly identified cost-efficient policies, including carbon pricing instruments, as essential elements of proposed climate action. Countries’ activities in this regard differ based on their unique circumstances, and range from improving “carbon pricing readiness” to designing and piloting various carbon pricing instruments. This note provides updates on countries' activities.
Companies in a diverse range of sectors see carbon pricing as the most efficient and cost-effective means of tackling the climate challenge. Many companies are voicing support for government action to put a price on carbon. Many also assign a price on carbon internally.
An ETS is an explicit carbon pricing instrument that limits or caps the allowed amount of greenhouse gas emissions and lets market forces disclose the carbon price through emitters trading emissions allowances.
Emissions Trading 101 Library