The low cost of carbon credits undermines the objective of carbon pricing: to reduce emissions at the source. This partly explains why the use of carbon credits is so controversial. We need to reconnect carbon pricing with carbon contributions so companies can effectively decarbonize while making a real impact on the planet. What’s the problem? It starts with the way companies define their carbon strategies. CSR teams pick – sometimes arbitrarily – which business activities to offset and then negotiate a budget that’s divided by the number of CO2 tons needed to meet climate targets. That’s how ..read more

Climate change is a major threat. Unchanged policies lead to great damage, which is bad news. The good news is that we can prevent it at a manageable cost, provided that we use effective policies based on pricing greenhouse gases. Unfortunately, the longer we wait to decarbonise our high-carbon economies, the more radical and costly the measures will be. Yet, there is a proven effective and efficient measure: an economy-wide, uniform carbon tax. Everyone would pay the same amount for the CO2e emissions they generate. The markets can only work if every tonne of CO2e emissions has the same price ..read more

Our Commission recently published a white paper outlining their proposals for a more ambitious, accessible and impactful system of UK carbon pricing. As well as addressing the inconsistencies that currently plague the UK’s carbon pricing landscape, the paper sought to find a politically and publicly acceptable route towards aligning UK emissions pricing with our 2050 net zero target.  The UK is prone to over-stating its relevance on the global stage, but in this instance the leadership that we demonstrate on carbon pricing can truly dictate the global direction of travel. Not only do we h ..read more

Imagine paying less if you choose to drive a cleaner car or use a more efficient heating system – would you think twice? People are encouraged to do less of something when extra charges are incurred which is why carbon pricing policies have gained so much popularity as an effective enabler in addressing climate change. By putting a price on carbon, countries and industries are encouraged to limit their use of fossil fuels, thus shifting to cleaner energy sources and technologies and, consequentially, reducing their contribution to the climate crisis. A group of 11,000 scientists have, in fact ..read more

Dealing with climate change mitigation implies significant global costs. But these can be reduced by achieving GHG reductions and carbon sequestration in those jurisdictions or sectors where mitigation abatement costs are lowest. This can be supported by the emergence and development of markets. The World Bank estimates that global integrated carbon markets could potentially reduce mitigation costs by 54% in 2050, or approximately US$3,940 billion. The Paris Agreement raised expectations that climate mitigation efforts would necessarily involve the development of a network of decentralized mar ..read more

Putting a price on carbon pollution is widely recognized as the most cost effective policy to cut emissions. And if there were any doubt about this, Canada is the proof. Canada has had carbon pricing in place in every jurisdiction since 2019. Since then, we’ve seen first-hand how this policy has helped cut emissions while putting money back in people’s pockets and spurring innovation. We have set our carbon price trajectory all the way to 2030 to provide certainty for households and businesses. Our approach to pricing is flexible, adaptable, and focused on principles of equity. We use revenues ..read more

Carbon Pricing Leadership Coalition’s High-level event hosted by Right Honourable Justin Trudeau, Prime Minister of Canada and the Right Honourable Lord Barker of Battle, High-Level Co-Chair of the Carbon Pricing Leadership Coalition at COP26. Photo: CPLC Six years ago, leaders from the World Bank, International Monetary Fund, governments, businesses, and nongovernmental organizations came together on the sidelines of COP21 in Paris to launch the Carbon Pricing Leadership Coalition (CPLC) and firmly place carbon pricing on the global agenda. Today, we are at a watershed moment for c ..read more

The low cost of carbon credits undermines the objective of carbon pricing: to reduce emissions at the source. This partly explains why the use of carbon credits is so controversial. We need to reconnect carbon pricing with carbon contributions so companies can effectively decarbonize while making a real impact on the planet. What’s the problem? It starts with the way companies define their carbon strategies. CSR teams pick – sometimes arbitrarily – which business activities to offset and then negotiate a budget that’s divided by the number of CO2 tons needed to meet climate targets. That’s how ..read more

At AMEA Power, a Dubai-based leading developer, owner and operator of renewable generation assets & power plants with a primary focus on the Middle East, Africa & Emerging Asia, we endeavour to do business sustainably with a positive social impact on the local communities. Starting in early 2021, as global trends began to pick up in the carbon credits space, AMEA Power created a devoted team of key renewable energy professionals to understand better and analyze the market. With projects in multiple geographies around developing countries, it is important for AMEA Power, with 2GW of pip ..read more

ConocoPhillips believes that proactive, international engagement on the climate-related policy will be vital to achieving an orderly global transition to a low-carbon economy. Therefore, we are pleased to join the Carbon Pricing Leadership Coalition (CPLC) to more broadly share our support for the enactment of national carbon pricing policies by governments, thus enhancing international understanding of the benefits of implementation. ConocoPhillips has long recognized the importance of advocating for a well-designed climate policy that is practical, equitable and cost-effective in reducing gr ..read more