Resource information
This report follows the evolution of
carbon pricing around the world. Last year's report
mapped the main carbon pricing initiatives. This year the
report presents the status of each of these developing
initiatives and explores the emerging trends of carbon
pricing. The focus is on the recent highlights from around
the world and on key lessons that can be drawn from the
growing experience. Despite the difficult ongoing
international climate negotiations, there is an increased
focus on climate change policy and several economies are
planning, implementing or refining domestic mitigation
actions. These activities take careful note of past
experiences, mirroring successes and dealing with
weaknesses. About 40 national and over 20 sub-national
jurisdictions are putting a price on carbon. Together these
carbon pricing instruments cover almost 6 gigatons of carbon
dioxide equivalent (GtCO2e), or about 12 percent of the
annual global GHG emissions. Cooperation remains a key
feature of success The international market has been
struggling for some time. However, the current spate of
domestic action has been buoyed by growing cooperation among
regional, national and sub-national stakeholders. Piloting
and scaling up carbon pricing on an international level and
increasing climate finance through market-based mechanisms
is an important first step. The next challenge will be to
create a product that is greater than the sum of its parts
by converting fragmented initiatives into internationally
integrated carbon pricing approaches.
