WRI
A Carbon Price Can Benefit the Poor While ...

Climate discussions like those we’ve just been seeing at the UN summit in Katowice, Poland tend to focus on working together to deliver existing climate commitments and raising ambition—getting countries to reduce more GHG emissions, faster.  But there’s an equally important issue that gets far less attention: ensuring climate action is delivered in a way that doesn’t leave anyone behind, particularly the world’s most vulnerable people.

See Helen Mountford and Molly McGregors’ latest blog post on how carbon pricing can benefit the poor and reduce emissions.

Dr Aisha Al-Sarihi
How can carbon pricing support economic ...

The Arab Gulf States – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE –are highly vulnerable to oil price shocks due to their high economic reliance on oil and gas export revenues. Historically, oil price shocks have been a source of pressure on the Arab Gulf States economies. However, only since mid-2014 have oil prices seemed to pressure on political regimes to consider domestic economic reforms and development of alternative sources of income (i.e. economic diversification).

To avoid long-term negative implications – such as increasing total CO2 emissions and deterioration of air quality associated with increasing downstream petrochemical energy intensive industries, fossil fuel subsidy reforms, enhancing energy efficiency and the use of clean energy technologies are indeed instrumental to tackle such issues. In this article, carbon pricing is proposed as a useful instrument to complement the aforementioned tools.

How can carbon pricing support economic diversification in the Arab Gulf States?
Alexandre Kossoy
Climate change threats global development – ...

To address the global development risks posed by climate change, a major technological shift leading to a substantial reduction in the global greenhouse gas (GHG) emissions will be necessary. In parallel, the substantial global economic and development distortions - that lead to inequality - do not enable the technological and financial transfers needed for a sustainable and equitable global economy. This brings us to a fundamental question:  when climate change only imposes an additional threat of unseen scale, how can we change the economic status-quo?

Climate change threats global development – what's the role of carbon pricing?
Statoil
Carbon pricing leads to emission reductions

Statoil has been operating in a market where an external carbon price has existed since the early 1990s. Due to CO2 tax and other regulatory measures the oil and gas industry in Norway has adopted emission-reduction measures corresponding to more than five million tonnes of CO2 per annum since 1996. Consequently, Norwegian oil and gas production is in the global premier division for low GHG emissions and the average amount emitted per unit produced is about half the world average.

Carbon pricing leads to emission reductions
Dominik Englert
Three reasons why maritime transport must act ...

Several key global players are now calling on the maritime sector to challenge the status quo and limit its climate impact. From our perspective, we see at least three major reasons that can explain why emissions from maritime transport are becoming a global priority.

Three reasons why maritime transport must act on climate change

Carbon Markets and Blockchain, or Ronald Coase meets Satoshi Nakamoto

For carbon market integration to occur there are at least three conditions, first, there must be political will expressed through global, regional or bilateral agreements. Second, there must be some accounting recognition through the climate convention process, namely resolution of article 6 of the Paris Agreement. But there is also a third condition: there must be an institutional infrastructure to make carbon markets viable; for this, governments, or private agents, must deal with the high transaction costs of carbon market exchange.

Net-Zero Commitments make Madrid Carbon Market Letdown more Critical

For the second consecutive year, debate over carbon markets sullied the outcome of global climate change negotiations. COP25 in Madrid began with Article 6 on international mitigation cooperation as the only unfinished section of a rulebook for executing the Paris Agreement, and the wickedest problem on docket. A year of advance work and two weeks of deliberation proved insufficient, and Article 6 will again be front and center at COP26 in Glasgow in 2020. Why is Article 6 so contentious and what are the implications of another failure to resolve it?

Should every country on earth copy Sweden’s carbon tax?

Should every country on earth copy Sweden’s carbon tax?

Carbon pricing, meaning carbon taxes and emission trading schemes, is widely recognised as the most cost-effective way to reduce carbon emissions. A growing number of countries and jurisdictions are therefore implementing carbon pricing tools as well as strengthening existing once. Yet carbon pricing is, in the words of John Roome, Senior Director at the World Bank’s Climate Change Group, “nowhere near where it should be [as it] still covers only a small part of global emissions at prices too low to significantly reduce emissions”.

Carbon pricing is the way to rectify runaway climate change

Although climate change represents perhaps the largest, most complex economic opportunity since the industrial revolution(s), many investments are needed to make the transition. Most of the money required (up to 80%) needs to come from the private sector. It is therefore critical that the financial contributions from investors and business are unlocked.

The key? Putting a price on carbon emissions. There is enough evidence to suggest this is by far the best instrument to trigger investors and companies to move faster, especially when combined with other supporting policies.

Co-designing the Mexican Emissions Trading System Based on International Experience

Co-designing the Mexican Emissions Trading System Based on International Experience

The ETS Academy Mexico was held on July 23, 24 and 25, 2019 at Casa Lamm in Mexico City. It was a three-day seminar that brought together international experts with officials from different Federal Public Administration (APF) departments relevant to the development of an SCE, with the aim of learning the lessons learned and best practices of international jurisdictions, and facilitate the joint design of the SCE in Mexico.

Our Climate assembles climate mosaic to push price on pollution

Our Climate assembles climate mosaic to push price on pollution

On June 22nd, before the dome of the Massachusetts State House, a group of youth activists with Our Climate, a youth-led carbon pricing advocacy organization in the United States, assembled their largest climate mosaic yet. Nicholas O’Toole, a student at New York University and summer fellow with Our Climate, provides insights into the outcomes of the event and his vision for carbon pricing in Massachusetts in this CPLC blog.

The Carbon Pricing Leadership Coalition brings together leaders from government, private sector, academia, and civil society to expand the use of carbon pricing policies.

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