Carbon Pricing Watch 2016

An advance brief from the State and Trends of Carbon Pricing 2016 report

Published: 25/05/2016

2015 has underscored the growing momentum for countries to voluntarily embrace carbon pricing to mitigate climate change. The climate conference in Paris saw the launch of the Carbon Pricing Leadership Coalition (CPLC), the G7 Carbon Market Platform and the New Zealand-led declaration on carbon markets. And a clear majority of the intended nationally determined contributions (INDCs) that countries had submitted to the UNFCCC by early May 2016 includes proposals for emission trading systems (ETSs), carbon taxes and other carbon pricing initiatives. 

Currently, about 40 national jurisdictions and over 20 cities, states, and regions, including seven out of the world’s ten largest economies are putting a price on carbon. In 2015, carbon pricing raised about US$26 billion in government revenues—an increase of US$10 billion, or 60%, compared to 2014.

Prepared by the World Bank together with Ecofys, Carbon Pricing Watch 2016 is a preview of the annual State and Trends of Carbon Pricing report, which will be launched later in the year.

Find additional insights in the World Bank press release.

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Noémie Klein
Climate Strategies and Policies
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Long Lam
Climate Strategies and Policies
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