CPLC collects and facilitates access to up-to-date information 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.
This paper analyzes carbon pricing policies in fifteen regions (EU, Switzerland, Ireland, Norway, Regional Greenhouse Gas Initiative (RGGI) and California in the U.S., British Columbia and Québec in Canada, Mexico, Chile, New Zealand, India, Japan, Republic of Korea, and pilot schemes in China) that have implemented an emissions trading scheme (ETS), a carbon tax or a hybrid of both. The paper synthesizes key findings and knowledge gaps on what is working, what isn’t and why when it comes to implementing carbon pricing policies. Institutional learning, administrative prudence, appropriate carbon revenue management, and stakeholder engagement are identified as key ingredients for a successful pricing regime.
CPLC Executive Briefing - Preparing shipping banks for climate change: How can internal carbon pricing help ship-financing banks in risk management?
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.
In September 2017, I4CE updated its database on carbon pricing policies. This panorama presents key trends regarding the implementation of explicit carbon pricing policies at the regional and national level in 2017. A timeline, a world map, a detailed table and a graph provide comprehensive information on the jurisdictions that have implemented or plan to implement explicit carbon pricing policies, the type of instrument chosen, the sectors covered, the pricing levels and the use of revenues
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
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
The FASTER Principles for Successful Carbon Pricing: An approach based on initial experience
(OECD/World Bank Group, 2015)
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)
Linking carbon markets
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 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)
STATE AND TRENDS OF CARBON PRICING SERIES
Reflecting the growing momentum for carbon pricing worldwide, the 2017 edition of the State and Trends of Carbon Pricing targets the wide audience of public and private stakeholders engaged in carbon pricing design and implementation. This report also provides critical input for negotiators involved in the implementation of the Paris Agreement, particularly for the meeting of the Conference of the Parties (COP} 23 to be held in Bonn in November 2017. As in the previous editions, the report provides an up-to-date overview of existing and emerging carbon pricing initiatives around the world, including national and subnational initiatives. Furthermore, it gives an overview of current corporate carbon pricing initiatives. Another key focus of the report is on the importance of an integrated approach to climate finance and climate markets, together with domestic policies. The analysis shows how such an integrated approach can be used to mobilize the scale of low-carbon investments needed to achieve the below 2°C temperature target and outlines a transition scenario and the possible role of results-based climate financing to catalyze climate markets.
Greater cooperation through carbon trading could reduce the cost of climate change mitigation by 32 percent by 2030. New modelling analysis undertaken for the State and Trends of Carbon Pricing 2016 report shows that increased international carbon trading could enable large-scale emissions reductions at much lower cost than at present, based on the carbon mitigation goals spelled out in countries’ national climate plans under the Paris Agreement - the Nationally Determined Contributions, or NDCs. By the middle of the century, an international market has the potential to reduce global mitigation costs by more than 50 percent.
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