Carbon Pricing Corridors

The Market View

Published: 31/05/2017

The Carbon Pricing Corridors Initiative was launched by CDP and the We Mean Business Coalition in 2017 and aims to define the carbon prices needed for industry’s large market players to meet the Paris Agreement. “Carbon Pricing Corridors – The Market View” is the first report of an upcoming series of reports over the next two years, where the Corridors Panel will identify the range of carbon-related price signals needed through 2020, 2025, and 2030.

This first report focuses on the power sector – a sector delivering around 25% of annual global greenhouse gas emissions. A decarbonisation of the power sector would therefore have a significant impact on the annual global GHG emissions. Several low-carbon generation technologies, advanced electricity infrastructure as well as storage technologies already available promise to unlock this emissions reduction potential.

The experts from Ecofys, a Navigant company, supported the analysis and drafting of this report on the power sector. The report shows a global increase of policies for implementing carbon pricing. However, at the same time, these policies are not providing enough incentives to companies for their transformation toward a below 2°C scenario. 

Please find more information in CDP’s press release and the full report here: cdp.net

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