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State and Trends of Carbon Pricing 2014

Author

Listed:
  • Alexandre Kossoy
  • Klaus Oppermann
  • Alexandrina Platonova-Oquab
  • Suphachol Suphachalasai
  • Niklas Höhne
  • Noémie Klein
  • Alyssa Gilbert
  • Long Lam
  • Gemma Toop
  • Qian Wu
  • Markus Hagemann
  • Carlos Casanova-Allende
  • Lina Li
  • Bram Borkent
  • Carsten Warnecke
  • Lindee Wong

Abstract

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.

Suggested Citation

  • Alexandre Kossoy & Klaus Oppermann & Alexandrina Platonova-Oquab & Suphachol Suphachalasai & Niklas Höhne & Noémie Klein & Alyssa Gilbert & Long Lam & Gemma Toop & Qian Wu & Markus Hagemann & Carlos C, "undated". "State and Trends of Carbon Pricing 2014," World Bank Other Operational Studies 18415, The World Bank.
  • Handle: RePEc:wbk:wboper:18415
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    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Climate Action Does Not Require Economic Sacrifice
      by ? in World Bank Blogs on 2014-09-16 17:10:00

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    Cited by:

    1. Bodansky, Daniel M. & Hoedl, Seth A. & Metcalf, Gilbert E. & Stavins, Robert N., "undated". "Facilitating Linkage of Heterogeneous Regional, National, and Sub-National Climate Policies Through a Future International Agreement," Climate Change and Sustainable Development 202114, Fondazione Eni Enrico Mattei (FEEM).
    2. Edwards, Joel & Othman, Maazuza & Burn, Stewart, 2015. "A review of policy drivers and barriers for the use of anaerobic digestion in Europe, the United States and Australia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 815-828.
    3. Mehling, Michael A. & Metcalf, Gilbert E. & Stavins, Robert N., 2017. "Linking Heterogeneous Climate Policies (Consistent with the Paris Agreement)," Working Paper Series rwp17-042, Harvard University, John F. Kennedy School of Government.
    4. Wang, Haikun & Zhang, Yanxia & Lu, Xi & Nielsen, Chris P. & Bi, Jun, 2015. "Understanding China׳s carbon dioxide emissions from both production and consumption perspectives," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 189-200.
    5. Richard Schmalensee & Robert N. Stavins, 2017. "Lessons Learned from Three Decades of Experience with Cap and Trade," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 11(1), pages 59-79.
    6. Al-Kayiem, Hussain H. & Aja, Ogboo Chikere, 2016. "Historic and recent progress in solar chimney power plant enhancing technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 58(C), pages 1269-1292.
    7. Oestreich, A. Marcel & Tsiakas, Ilias, 2015. "Carbon emissions and stock returns: Evidence from the EU Emissions Trading Scheme," Journal of Banking & Finance, Elsevier, vol. 58(C), pages 294-308.
    8. Kathleen McAfee, 2016. "Green economy and carbon markets for conservation and development: a critical view," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 16(3), pages 333-353, June.
    9. Hittinger, Eric & Lueken, Roger, 2015. "Is inexpensive natural gas hindering the grid energy storage industry?," Energy Policy, Elsevier, vol. 87(C), pages 140-152.
    10. Krupnick, Alan & Darmstadter, Joel & Richardson, Nathan & McLaughlin, Katrina, 2015. "Putting a Carbon Charge on Federal Coal: Legal and Economic Issues," Discussion Papers dp-15-13, Resources For the Future.
    11. Amorim, Pedro & Curcio, Eduardo & Almada-Lobo, Bernardo & Barbosa-Póvoa, Ana P.F.D. & Grossmann, Ignacio E., 2016. "Supplier selection in the processed food industry under uncertainty," European Journal of Operational Research, Elsevier, vol. 252(3), pages 801-814.

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