Benchmarking a Global-level  Carbon Price Framework: Tracking Heterogenous Carbon Pricing Towards Paris Goals

Publication:
Benchmarking a Global-level Carbon Price Framework: Tracking Heterogenous Carbon Pricing Towards Paris Goals

dc.contributor.author	World Bank
dc.date.accessioned	2023-02-21T22:05:19Z
dc.date.accessioned	2023-03-06T16:23:52Z
dc.date.available	2023-02-21T22:05:19Z
dc.date.available	2023-03-06T16:23:52Z
dc.date.issued	2022-10
dc.description.abstract	The Paris Agreement sets out that tackling climate change is a common but differentiated challenge across signatory Parties and other actors. COP26 was the most recent focal point to monitor and commit to progress. Various leaders specifically called for carbon pricing to act as a barometer and price signal during COP26 to help shift the trillions in finance towards a lower carbon economy and to meet the Paris goals. Establishing and securing agreement on a global-level benchmark carbon price can be achieved by consolidating a range of carbon pricing initiatives (explicit, implicit and implied) into a single global platform that can be broken down into regions or sectors. This can then be compared against a target price corridor required to achieve the Paris Agreement goals. A benchmark serving these dual purposes can be embedded into financial markets via an investable or tradable price, which in turn can facilitate forward pricing capabilities. In addition, a user-defined data visualization framework can support a variety of stakeholder interests.	en
dc.identifier	http://documents.worldbank.org/curated/en/099549211092233886/IDU0d2904bce0a5a6043eb09dfd07d7839f17cc2
dc.identifier.doi	https://doi.org/10.1596/39461
dc.identifier.uri	https://hdl.handle.net/10986/39461
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.subject	PARIS AGREEMENT
dc.subject	CLIMATE CHANGE
dc.subject	CARBON PRICE
dc.subject	GLOBAL-LEVEL BENCHMARK
dc.title	Benchmarking a Global-level Carbon Price Framework	en
dc.title.subtitle	Tracking Heterogenous Carbon Pricing Towards Paris Goals	en
dc.type	Working Paper	en
dc.type	Document de travail	fr
dc.type	Documento de trabajo	es
dspace.entity.type	Publication
okr.date.disclosure	2022-11-09
okr.date.doiregistration	2025-05-05T12:43:27.584597Z
okr.date.lastmodified	2023-02-15T00:00:00Z	en
okr.doctype	Working Papers::Other Papers
okr.docurl	http://documents.worldbank.org/curated/en/099549211092233886/IDU0d2904bce0a5a6043eb09dfd07d7839f17cc2
okr.guid	099549211092233886
okr.identifier.externaldocumentum	IDU-d2904bce-a5a6-43eb-9dfd-7d7839f17cc2
okr.identifier.internaldocumentum	33934431
okr.identifier.report	177476
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/099549211092233886/pdf/IDU0d2904bce0a5a6043eb09dfd07d7839f17cc2.pdf	en
okr.region.geographical	World
okr.topic	Environment::Carbon Policy and Trading
okr.topic	Environment::Adaptation to Climate Change
okr.topic	Environment::Climate Change Impacts
okr.topic	Environment::Climate Change Mitigation and Green House Gases
okr.unit	SCCMI - Climate Change Carbon Markets an