In response to a broadening portfolio of ambitious sustainable development and environmental standards, the Verified Carbon Standard is changing its name to Verra and launching a new visual identity
Global Climate Action Summit Leader Anand Mahindra Issues New Climate Challenge to Corporations
ECONOMISTS have long argued that the most efficient way to curb global warming is to put a price on the greenhouse-gas emissions that cause it. A total of 41 OECD and G20 governments have announced either a carbon tax or a cap-and-trade scheme, or both. Add state and local schemes, and they cover 15% of the world’s emissions, up from 4% in 2010. Voters concerned about climate change are egging them on. So, too, are corporate bosses. More firms are imposing such pricing on themselves, even in places where policymakers are dragging their feet.
Companies are moving faster than many governments on carbon pricing
ECONOMISTS have long argued that the most efficient way to curb global warming is to put a price on the greenhouse-gas emissions that cause it. A total of 41 OECD and G20 governments have announced either a carbon tax or a cap-and-trade scheme, or both. Add state and local schemes, and they cover 15% of the world’s emissions, up from 4% in 2010. Voters concerned about climate change are egging them on. So, too, are corporate bosses. More firms are imposing such pricing on themselves, even in places where policymakers are dragging their feet.
Leaders’ Voices on Carbon Pricing to Drive Climate Action
The Leaders’ Voices on Carbon Pricing to Drive Climate Action, a CPLC side event during COP23 in Bonn, provided a platform for partners and stakeholders to focus on this discussion.
Meaningful Internal Carbon Pricing: Q&A with CDP’s Nicolette Bartlett
Yale Tries a Carbon Tax
Yale University has a fair claim as the intellectual birthplace of the carbon tax. It was there, in the 1970s, that the economist William D. Nordhaus wrote the first of many papers proposing that companies be charged for using fossil fuels in order to address global warming.
Leaders Commit to Regional Cooperation on Carbon Pricing in the Americas
on the occasion of the One Planet Summit, government leaders of Canada, Chile, Colombia, Costa Rica, México, the Governors of California and Washington, and the Premiers of Alberta, British Columbia, Nova Scotia, Ontario and Quebec launched the Carbon Pricing in the Americas cooperative framework.
Environment and climate Ministers from France, Germany, United-Kingdom, Sweden and the Netherlands commit to implement or evaluate the introduction of a meaningful carbon price
Press Release
Environment and climate Ministers from France, Germany, United-Kingdom, Sweden and the Netherlands consider that the carbon price is an effective tool to drive deep decarbonisation of the world economy when integrated in a coherent policies and measures package.
They underlined today, at the One Planet Summit in Paris, that carbon pricing should be predictable and may grow over time to meet the objective of the Paris Agreement to maintain global warming well below 2 degrees.
They welcomed the Report of the High-Level Commission on Carbon Prices presented by Joseph Stiglitz and Lord Nicholas Stern that identified corridors of carbon prices that can be used to guide the design of carbon pricing instruments and other climate policies, regulations, and measures to incentivise climate action.
They also welcomed the recent agreement to reform the EU-ETS. Although there is no specific target price, they expect this reform to result in a more meaningful carbon price in the coming years, which depends on many variables.
However, they underlined that additional reforms may be needed to provide direction to investors and businesses for the development of business models that are in line with keeping the global temperature rise well below 2 degrees Celsius.
They therefore committed to implement or evaluate, the introduction of a meaningful carbon price in relevant sectors.
Verified Carbon Standard (VCS) joins CPLC
At the Verified Carbon Standard (VCS), we’ve been watching the advances of the CPLC with interest and are thrilled to join the community of climate leaders that this unique initiative brings together.
Banks Explore Challenges Decarbonization Poses to Ship Finance
London, November 8, 2017—At a Global Maritime Forum roundtable in London yesterday, the Carbon Pricing Leadership Coalition and global NGO Carbon War Room, worked with shipping leads from major global financial institutions to explore the challenges of decarbonization for ship financing.
With the launch of the report Preparing shipping banks for climate change: How can internal carbon pricing help ship-financing banks in risk management?, the two organisations called for shipping’s financial institutions to begin analysing and managing the risks created by the shipping industry’s imminent decarbonisation.
