Carbon pricing is being implemented in several countries and jurisdictions. It is working and is reducing emissions, but it needs to become more effective to reach more countries and to be sufficiently ambitious to meet the 2°C goal.
This report by the Carbon Pricing Leadership Coalition (CPLC) reviews global developments in carbon pricing, implications for carbon market growth and broader limitations to carbon pricing potential. It also considers corporate leadership in action, reviewing voluntary carbon markets as well as promising partnerships, programmes and technologies.
The CPLC is a voluntary initiative that brings together leaders from government, business, civil society and academia to enhance global understanding of carbon pricing as a tool for accelerating and financing effective climate action.