Carbon pricing News
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.
As the crypto industry reckons with issues around power usage and sustainability, a few startups are focusing their efforts on a project that runs counter to the premise of blockchain technology: centralized data.
The World Bank’s Climate Warehouse has been fielding consultations with crypto firms about building a so-called “public-good” data layer.
Leaders from the worlds of politics, business, academia, and civil society, have called for negotiators at COP26 to urgently shift policy to put a true price on carbon emissions
LowCarbonSG is a capability-building programme to enable local businesses in Singapore to start monitoring and, where possible, reduce their carbon emissions.
New York, September 22, 2021 – A new report released today by the Carbon Pricing Leadership Coalition (CPLC) aims to lay out how to harness the potential of carbon pricing in implementing strategies to get to net zero emissions. The Report was prepared by CPLC’s Task Force on Net Zero Goals and Carbon Pricing which comprises senior leaders from the public and private sector and civil society.
Dangerous man-made climate change is no longer a worrying forecast, it is an emergency that must be addressed right now.
The latest report by the Intergovernmental Panel on Climate Change, published in August, described climate change as “widespread, rapid, and intensifying.” It stated that “unless there are immediate, rapid and large-scale reductions in greenhouse gas emissions, limiting warming to close to 1.5 [degrees Celsius] or even 2 [degrees Celsius] will be beyond reach.”
Japan Climate Leaders’ Partnership (JCLP), a strategic partner of CPLC, and a coalition of 189 businesses with a sense of urgency on climate change, released a set of policy proposals on carbon tax and emissions trading scheme (ETS).
Russian aluminum mammoth U C Rusal’s parent company En+ Group IPJSC announced last week the appointment of Executive Chairman Greg Barker, Baron Barker of Battle to co-chair the World Bank Group’s Carbon Pricing Leadership Coalition (CPLC). Lord Barker will share duties with Chile’s Minister Juan Carlos Jobet at the head of the organization’s High-Level Assembly.
Mr. Mahendra Singhi, Managing Director & CEO of Dalmia Cement (Bharat) Limited has been invited to represent the Carbon Pricing Leadership Coalition as Carbon Pricing Champion. CPLC is a global coalition promoted by the World Bank Group. It is represented by 34 national and sub-national governments, 172 private sector organisations 100 strategic partners NGOs, business organisations, and universities.
A total of 64 carbon pricing instruments are now in operation around the world, covering over 20% of global greenhouse gas emissions and generating $53 billion in revenue. According to the World Bank’s annual “State and Trends of Carbon Pricing” report released today, these advances represent a 17% increase in revenue from last year, However the full potential of carbon pricing remains largely untapped.
Registration is now open for a series of regional events 3-4 March that will launch and set the scene for the 2021 edition of the Regional Climate Weeks.
Regional Ministers, UNFCCC Executive Secretary Patricia Espinosa, the Presidents of the UN Climate Change Conferences COP25 and COP26, the High-Level Champions and other high-ranking figures will be among the speakers at the events.
Coalición de Líderes para la Fijación de Precio al Carbono Lanza Grupo de Trabajo Sobre Cero Emisiones Netas y Precios al Carbonn
El Grupo de Trabajo tiene como objetivo formular un marco para orientar las hojas de ruta cero emisiones netas de carbono para los países y presentará un informe para la COP26.
Carbon Pricing Leadership Coalition Launches Task Force on Net Zero Goals and Carbon Pricing
The Task Force aims to formulate a framework to guide net zero pathways for countries and will report back by COP26.
In his remarks for the United Nations Climate Change Roundtable, Canadian Prime Minister Justin Trudeau stated that Canada is “tackling climate change through a national price on pollution,” and “invite more countries to join [Canada] through the Carbon Pricing Leadership Coalition”.
Enel Foundation has provided research guidance, scientific contributions and funding for an extensive comparative study conducted by the Earth Institute’s Research Program on Sustainability Policy and Management at Columbia University on the suitability of different carbon pricing mechanisms as policy instruments to mitigate climate change in different economic and institutional contexts.
Over the last months, we saw a number of reports released by government agencies and non-governmental organizations (NGOs), including from the business, research and technology communities, that address carbon market expectations, challenges and solutions. This Update highlights recent reports and news releases, and provides a backgrounder to the anticipated negotiations on the issue.
CPLC held a stakeholder dialogue, Accelerating Ambitious Carbon Pricing, at the UN Climate Action Summit to discuss and highlight concrete actions needed for governments, private sector actors and other stakeholders to fully implement carbon pricing measures. Specifically, the focus of the session was on what priority actions are needed to strengthen institutional capacities to put a price on carbon as well as to facilitate the use of carbon pricing to enable a carbon-neutral industry transition.
The triennial World Energy Congress, one of the most influential energy events in the world, was hosted by the United Arab Emirates in Abu Dhabi. Read a summary of the key discussions that occurred during the Side Event “Sustainable Finance and Carbon Markets: New Opportunities for the GCC?” held on 12th September 2019, at this 24th World Energy Congress.
The World Business Council for Sustainable Development (WBCSD) and its member companies believe that carbon pricing mechanisms are critical to support the urgent efforts required to drive the transition towards a low carbon future and achieving the 1.5oC goal.
International cooperation under a well-functioning Article 6 of the Paris Agreement could save as much as $250 billion per year by 2030, according to a new study. Experts believe that the savings could improve the likelihood of achieving the Paris climate protection goals.
Business Leaders Call for Long-term, Stable Carbon Pricing Policies
New report tackles concerns about industrial competitiveness, finds that these can be addressed through strong carbon pricing policies.
At Asia-Pacific Climate Week, stakeholders from more than 60 countries, from government, private sector, academia and civil society, gathered to explore opportunities to reduce carbon pollution and drive low-carbon and climate resilient development. While many topics were discussed (see key outcomes here), including increasing climate finance, expanding renewable energy access, and mainstreaming nature-based solutions into climate action plans, speakers and participants emphasized pricing carbon pollution as an essential element of the region’s climate action strategy.
The Carbon Pricing Leadership Coalition (CPLC) in collaboration with the World Bank’s Partnership for Market Readiness (PMR), the Inter-American Development Bank (IADB) and IETA organized a full day discussion on Carbon Pricing, Markets and Sustainable Development.
On Tuesday, during the Latin America and the Caribbean Climate Week, CPLC, IETA, the World Bank Group and the Inter-American Development Bank will host a day focused on Carbon Pricing, Markets, and Sustainable Development. You can access the full agenda here.
Last week, three new carbon tax proposals were released in Congress: Rep. Rooney’s bill and Rep. Lipinski’s bill in the House of Representatives, and the Coons/Feinstein bill in the Senate. Given the unprecedented level of movement in Congress surrounding carbon tax legislation, the Center on Global Energy Policy’s Carbon Tax Research Initiative launched a new online resource that explains what you need to know about a federal carbon tax in the United States, including comparisons of the existing federal carbon tax legislation introduced thus far.
Supported by GIZ Global Carbon Market Project in East Africa on behalf of the German Federal Ministry for Environment, Nature Conservation and Nuclear Safety (BMU) in cooperation with the UNFCCC Regional Collaboration Center Kampala, Burundi, Ethiopia, Kenya, Rwanda, Tanzania and Uganda established the East African Alliance on Carbon Markets and Climate Finance in June 2019.
Policy Options, the digital magazine of the Montreal-based Institute for Research on Public Policy, recently published a series of articles and a podcast on how carbon pricing has evolved at the federal and provincial/territorial level in Canada.
On June 20 and 21 2019, the Netherlands held a conference in the Hague on Carbon Pricing and Aviation Taxes, gathering politicians, civil servants and scientists from EU Member States as well as other countries. Read some key takeaways.
