Carbon Pricing Watch 2017

Published: 23/05/2017

Carbon Pricing Watch 2017 provides a snapshot of the global spread of carbon pricing initiatives. Prepared by the World Bank, together with Ecofys, a Navigant company, the report is a preview of the full annual State and Trends of Carbon Pricing report that will be released in late 2017.

Since 2016, eight new carbon pricing initiatives have been put in place. In the Americas, Canada and the Pacific Alliance countries have been at the forefront of carbon pricing developments. Several jurisdictions are considering or preparing for the launch of carbon pricing instruments in the coming years. In Asia, Singapore has announced that it intends to implement a carbon pricing initiative in 2019. China is preparing for its launch of a national emissions trading scheme (ETS) later this year that is expected to be the largest carbon pricing initiative in the world.

To date, over 40 national and 25 subnational jurisdictions, responsible for about a quarter of global greenhouse gas emissions, are now putting a price on carbon. On average, carbon pricing initiatives implemented and scheduled for implementation cover about half of the total emissions from these jurisdictions. These numbers translate to a total coverage of about 8 gigatons of carbon dioxide equivalent (GtCO2e) or about 15 percent of global GHG emissions. Globally, the total value of ETSs and carbon taxes in 2017 is $52 billion, an increase of 7 percent compared to 2016.

This year’s report is accompanied by a new interactive online format. Visit the Carbon Pricing Dashboard to navigate through carbon pricing initiatives with visuals and data.

Find additional insights at: worldbank.org

Your contact

Noémie Klein
Climate Strategies and Policies
E-mail
Long Lam
Climate Strategies and Policies
E-mail