World Bank2015-05-182015-05-182015-05-11https://hdl.handle.net/10986/21888Stabilizing climate change entails bringing net emissions of carbon dioxide (CO2) to zero. CO2 stays in the atmosphere for hundreds, if not thousands, of years. As long as one emit more than captured or offset through carbon sinks (such as forests), concentrations of CO2 in the atmosphere will keep rising, and the climate will keep warming. Countries can follow three principles in their efforts to create a zero-carbon future: (a) planning ahead for a future with zero emissions, (b) getting carbon prices and policies right, and (c) smoothing the transition and protecting the poor. In this context, the report presents getting prices right - good economic and fiscal policy; and de-carbonization requires a broader package of climate policies.en-USCC BY 3.0 IGOREGIONAL GREENHOUSE GAS INITIATIVEGREENHOUSENOCARBON CONTENTLEADPOLICIESCLIMATE CHANGECARBON DIOXIDEMARKET FAILURESINCOMECARBONVALUEELECTRICITYFINANCIAL ­PRODUCTSGREEN INNOVATIONCLIMATEDEMANDWIND ENERGYABATEMENTFORESTSWINDCLEAN ENERGYEMISSIONSREVENUESPORTFOLIOCARBON SOURCESCARBON PRICEENVIRONMENTAL BENEFITSFOSSIL FUELCOAL MINESCLIMATE CHANGE LEVYATMOSPHERELOW-­CARBONCARBON PRICINGINCENTIVESGASPRICEMARKETGREEN TECHNOLOGIESENERGY PRICESABATEMENT COSTSPOLICYSOLAR POWERGREENHOUSE GASPERFORMANCE STANDARDSENERGY EFFICIENCYWIND ­ TURBINESNATURAL GASFISCAL POLICIESNATURAL CARBON SINKSCO2CARBON PRICESGREENHOUSE GAS INITIATIVEDOUBLE DIVIDENDEFFICIENT LIGHTINGCLIMATE POLICIESCARBON SINKSBUILDING CODESCOALGREEN FINANCIAL ­PRODUCTSFUELCARBON MARKETLESSFINANCIAL COSTSLOW-CARBONCARBON PROJECTSINVESTMENTSNET EMISSIONSMARKETSENERGY TAXESRENEWABLE ENERGYDETECTABLE EFFECTSCARBON REVENUESREFINERIESCARBON TAXENVIRONMENTAL EXTERNALITIESZERO EMISSIONSPRICESFINANCENATURAL CARBONBENEFITSENERGYEMISSIONS REDUCTIONSBriefWorld Bank10.1596/21888