State and Trends of Carbon Pricing

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The State and Trends of Carbon Pricing series reflects on the growing momentum for carbon pricing worldwide. It targets public and private stakeholders engaged in carbon pricing design and implementation. This report provides an overview of existing and emerging carbon pricing instruments around the world, including regional, national and subnational initiatives. It also investigates trends surrounding the development of these instruments and how they could accelerate to deliver long-term mitigation goals. While the State and Trends is published annually, the carbon pricing dashboard provides up-to-date information on existing and emerging carbon pricing initiatives around the world. The dashboard is an online interactive platform that allows users to visualize, download and compare carbon pricing in different parts of the world. https://carbonpricingdashboard.worldbank.org

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  • Publication
    State and Trends of Carbon Pricing 2021
    (Washington, DC: World Bank, 2021-05-25) World Bank
    This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, including international, national and subnational initiatives. It also investigates trends surrounding the development and implementation of carbon pricing instruments and how they could accelerate the delivery of long-term mitigation goals. Specifically, this includes the use of carbon taxes, emissions trading systems and crediting mechanisms. International cooperation on carbon pricing and the status of work surrounding Article 6 of the Paris Agreement is also canvassed.
  • Publication
    State and Trends of Carbon Pricing 2020
    (Washington, DC: World Bank, 2020-05-27) World Bank
    This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, including international, national and subnational initiatives. It also investigates trends surrounding the development and implementation of carbon pricing instruments and how they could accelerate the delivery of long-term mitigation goals. Specifically, this includes the use of carbon taxes, emissions trading systems and crediting mechanisms. International cooperation on carbon pricing and the status of work surrounding Article 6 of the Paris Agreement is also canvassed.
  • Publication
    State and Trends of Carbon Pricing 2019
    (Washington, DC: World Bank, 2019-06-06) World Bank Group
    This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, including international, national and subnational initiatives. It also investigates trends surrounding the development and implementation of carbon pricing instruments and how they could accelerate the delivery of long-term mitigation goals. This edition also discusses the relation between policies that put an explicit price on carbon and policies that put an implicit price on carbon.
  • Publication
    State and Trends of Carbon Pricing 2018
    (Washington, DC: World Bank, 2018-05-22) World Bank; Ecofys
    The State and Trends of Carbon Pricing series reflects on the growing momentum for carbon pricing worldwide. It targets the wide audience of public and private stakeholders engaged in carbon pricing design and implementation. This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, including national and subnational initiatives. It also investigates trends surrounding the development of carbon pricing instruments and how they could accelerate to deliver long-term mitigation goals.
  • Publication
    State and Trends of Carbon Pricing 2017
    (Washington, DC: World Bank, 2017-11) World Bank; Ecofys; Vivid Economics
    Reflecting the growing momentum for carbon pricing worldwide, the 2017 edition of the State and Trends of Carbon Pricing targets the wide audience of public and private stakeholders engaged in carbon pricing design and implementation. This report also provides critical input for negotiators involved in the implementation of the Paris Agreement, particularly for the meeting of the Conference of the Parties (COP} 23 to be held in Bonn in November 2017. As in the previous editions, the report provides an up-to-date overview of existing and emerging carbon pricing initiatives around the world, including national and subnational initiatives. Furthermore, it gives an overview of current corporate carbon pricing initiatives. Another key focus of the report is on the importance of an integrated approach to climate finance and climate markets, together with domestic policies. The analysis shows how such an integrated approach can be used to mobilize the scale of low-carbon investments needed to achieve the below 2°C temperature target and outlines a transition scenario and the possible role of results-based climate financing to catalyze climate markets.
  • Publication
    Carbon Pricing Watch 2017
    (Washington, DC: World Bank, 2017-05-22) World Bank; Ecofys
    The report is a one stop shop for learning about key developments and prospects of existing and emerging carbon initiatives. There is a continued momentum for carbon pricing. As of 2017, over 40 national and 25 subnational jurisdictions representing almost a quarter of global greenhouse gas emissions are putting a price on carbon. Over the past decade the number of jurisdictions with carbon pricing initiatives have doubled. On average, carbon pricing initiatives cover about half of the emissions in these jurisdictions, which translates to a total coverage of about 8 Gigatons of carbon dioxide or about 15% of global emissions (a fourfold increase over the past decade).
  • Publication
    State and Trends of Carbon Pricing 2016
    (Washington, DC: World Bank, 2016-10) World Bank; Ecofys; Vivid Economics; Kerr, Thomas Michael; Zechter, Richard; Kerr, Thomas; Kossoy, Alexandre; Peszko, Grzegorz; Oppermann, Klaus; Ramstein, Celine; Prytz, Nicolai; Klein, Noémie; Lam, Long; Wong, Lindee; Blok, Kornelis; Neelis, Maarten; Monschauer, Yannick; Nierop, Sam; Berg, Tom; Ward, John; Kansy, Thomas; Kemp, Luke; Vadheim, Bryan; Kingsmill, Nick
    This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, including national and subnational initiatives. Furthermore, it gives an overview of current corporate carbon pricing initiatives. Another key focus of the report is on the importance of aligning carbon pricing with the broader policy landscape. The analysis provides lessons for policymakers on how maximize synergies between climate mitigation and other related policies, while managing potential tensions and tradeoffs. It also provides new modelling analysis to demonstrate the crucial benefits that an international carbon market established under Article 6 of the Paris Agreement could provide in reducing the costs to countries of achieving their emission reduction targets. An international carbon market could thus enable greater ambition in taking steps to reduce greenhouse gas emissions to a level consistent with the 2°C climate stabilization goal.
  • Publication
    Carbon Pricing Watch 2015
    (World Bank, Washington, DC, 2015-05-26) Kossoy, Alexandre; Peszko, Grzegorz; Oppermann, Klaus; Prytz, Nicolai; Gilbert, Alyssa; Klein, Noemie; Lam, Long; Wong, Lindee
    Significant progress in carbon pricing has been made over the last ten years. In 2015, about 40 national and over 20 subnational jurisdictions, representing almost a quarter of global greenhouse gas emissions (GHG), are putting a price on carbon. Together, the carbon pricing instruments in these jurisdictions cover about half of their emissions, which translates into approximately 7 GtCO2e or about 12 percent of annual global GHG emissions. This figure represents a threefold increase over the past decade. The total value of the emissions trading schemes (ETSs) reported in the State and Trends of Carbon Pricing 2014 report was about US$30 billion (US$32 billion to be precise). Despite the repeal of Australia’s Carbon Pricing Mechanism in July 2014, and mainly due to the launch of the Korean ETS and the expansion of GHG emissions coverage in the California and Quebec ETSs, the value of global ETSs as of April 1, 2015 increased slightly to about US$34 billion. In addition, carbon taxes around the world, valued for the first time in this report, are about US$14 billion. Combined, the value of the carbon pricing mechanism globally in 2015 is estimated to be just under US$50 billion.
  • Publication
    State and Trends of Carbon Pricing 2014
    (Washington, DC: World Bank, 2014-05-28) Kossoy, Alexandre; Oppermann, Klaus; Platonova-Oquab, Alexandrina; Suphachalasai, Suphachol; Höhne, Niklas; Klein, Noémie; Gilbert, Alyssa; Lam, Long; Toop, Gemma; Wu, Qian; Hagemann, Markus; Casanova-Allende, Carlos; Li, Lina; Borkent, Bram; Warnecke, Carsten; Wong, Lindee
    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.