Synthesis of the WB publication “Mapping Carbon Pricing Initiatives”

Contributeur:

Patrick Voegeli

Destinataire:

Marion Denantes

Context

The uncertainty surrounding the future of existing carbon markets in recent years has prevented valuable resources from being channeled to low-carbon investments, particularly from the private sector. Following the economic downturn in 2008–2009 and slow economic recovery in major economies, industrial output plummeted and the demand for carbon assets used for compliance also fell. With limited support, prices reached historic lows. At the same time, several national and sub-national carbon pricing initiatives are emerging. It is not surprising that several of these new carbon pricing initiatives also include design features intended to prevent similar developments in the future. These emerging initiatives are being tailored to national circumstances and include a range of novel design features, including mechanisms to stabilize the carbon price. The World Bank (WB) has published in collaboration with Ecofys a report mapping the existing and emerging carbon pricing initiatives around the world (May 2013).

Objective

The objective of the project is to summarize the WP publication “Mapping Carbon Pricing Initiatives” to give the reader a clear idea of the features of the present carbon market initiatives. Based on this summary of the main regional carbon markets, we will have a discussion on the potential for a global integrated carbon market.

Deliverable

Summary of the existing and emerging carbon pricing initiatives around the world

Deadline

19th November 2013 (TBC)

Valorisation of deliverable

Discussion during the volunteer meeting