Carbon Pricing Leadership Report
At CPLC's Second High-Level Assembly, the Coalition launched its first annual report. The report captures over 60 stories of successful carbon pricing efforts. The stories contained here, cross geographies and sectors, and range from governments working to expand, deepen and link carbon pricing systems, to corporate innovation through internal carbon pricing and student-led campaigns to raise awareness about the need for action.
Carbon Pricing Leadership Coalition
Carbon emissions from the burning of fossil fuels already carry a hefty price, though people are rarely aware of it. The bill comes to all of us masked in public health care costs, harm to the environment, and the effects of climate change.
But what if the cost of carbon emissions was instead paid at the source, where choices about fuel use are made? How would that change the incentive structure underpinning our global reliance on fossil fuels?
That's the idea behind carbon pricing. It shifts the social costs of climate change to the source of the pollution, encouraging polluters to reduce emissions and invest in clean energy and low-carbon growth.
So how do we put a price on carbon, and why do so many government and business leaders support it?
In September 2014, the idea of a Carbon Pricing Leadership Coalition formed from a groundswell of support for carbon pricing at the UN Climate Summit, where 74 countries and more than 1,000 companies expressed support for carbon pricing. The Coalition officially launched at COP21 in Paris, with the goal to expand the use of effective carbon pricing policies that can maintain competitiveness, create jobs, encourage innovation, and deliver meaningful emissions reductions.
On October 19, 2015, World Bank Group President Jim Yong Kim and International Monetary Fund Managing Director Christine Lagarde launched The Carbon Pricing Panel with heads of government and supported by private sector leaders.
Panel members are demonstrating leadership and calling on their peers to join them in putting a price on carbon.
A growing number of leaders – national, local and corporate – are speaking out in support of carbon pricing. Listen as they describe their experiences with carbon pricing and the reasons they consider it a powerful and efficient way to reduce emissions.
views on pricing carbon
In recent months, a testcase with carbon pricing has been carried out with three medium sized enterprises (SME’s) from the province of North Brabant, the Netherlands. The participants calculated their carbon footprint and gained insight into what a price on CO2 means for their own business.
As the co-chairs of the Carbon Pricing Leadership Coalition (CPLC), we want to accelerate climate action and reaffirm our commitment to carbon pricing. The discussions in Germany are a great opportunity to keep the momentum going.
I4CE has published a series of three Climate Briefs on the management of climate-related risks by financial actors, focusing specifically on three questions:
- Why should financial actors align their portfolios with a 2°C pathway to manage transition risks?
- How could financial actors manage their exposure to climate risks?
- How should financial actors deal with climate-related issues in their portfolios today?
This blogpost rapidly summarizes these three Climate Brief presents an overview of the topics covered and the main conclusions. The three briefs are available on the I4CE website.
As the leading business association dealing with climate change in Australia, the Carbon Market Institute has been at the centre of policy discussions to ensure a business voice is represented in the design and implementation of effective and stable climate policy. This article describes how the inevitability of reformed energy and climate policy in Australia, and new low-carbon developments in the Region, have reignited the debate about the country’s low-emissions future.
The Carbon Pricing Leadership Coalition (CPLC) launched a new initiative to progress the use of carbon pricing as a tool to enable the shipping industry’s decarbonisation and switch away from fossil fuels. The initiative will be co-chaired by Johannah Christensen (Director, Global Maritime Forum) and Tristan Smith (UCL/UMAS), supported by CPLC Partners including the World Bank Group and the International Monetary Fund.
What do HSBC, China, LafargeHolcim and California have in common? Despite the continuing debate in some corners about the ways and means of climate change, they are getting down to business — assigning a price to carbon pollution and then letting the market uncover profitable emissions reductions opportunities.