State and Trends of Carbon Pricing 2015

Published: 21/09/2015

Providing critical input for the negotiations leading up to the Conference of the Parties in Paris, the report from the World Bank Group and Ecofys “State and Trends of Carbon Pricing 2015” provides an up-to-date overview of existing and emerging carbon pricing instruments around the world. Today, about 40 nations and 23 cities, states or regions are using a carbon price. These instruments cover about 7 billion tons of carbon dioxide equivalent, or 12 percent of annual global greenhouse gas emissions.

Next to giving an overview of current carbon pricing instruments, the report also analyses competitiveness and carbon leakage, and their impact on the development of carbon pricing instruments. Closing with a forward-looking assessment of the advantages of international cooperation, the report finds that cooperation between countries can significantly reduce the overall cost of achieving a 2°C climate stabilization goal compared to domestic actions alone, since countries have more flexibility in choosing who undertakes emission reductions, and who pays for them.

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