Carbon Pricing Unlocked
How can carbon pricing facilitate sustainable global economic growth? In order to find vital answers to this question, the Generation Foundation has teamed up with Ecofys in a research partnership. The research will extend over three years and tackle carbon pricing from a new angle, exploring the role of carbon pricing along value chains up to the end consumers. The project will deliver quantified insights into the role carbon pricing can play in achieving the goal of a 1.5°C future.
Despite the global uptake in carbon pricing, harmonisation of policies across different regions remains difficult. Furthermore, carbon prices are often too low to incentivize the investment necessary to decarbonise emissions-intensive value chains. At the end-consumer level, the impact of carbon pricing is often insufficient to drive changes towards more low carbon consumption.
Ecofys is one of the pioneers in carbon pricing, and has worked on the topic for nearly two decades. The Generation Foundation is the advocacy initiative of Generation Investment Management, which was co-founded by Al Gore and David Blood in 2004, and works on the decoupling of prosperity from resource-intensive growth.
Combining in-depth expertise with a high-level stakeholder network, Ecofys and The Generation Foundation will investigate how carbon pricing might be better integrated at an economic policy level in order to unlock its full mitigation potential.
First results have been shared at the UN climate conference COP22 in Marrakech: Impacts of a global carbon price on consumption and value creation. Download the report and dive into the mapped GHG productivity along global value chains.