Carbon Pricing Watch 2015
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. T...
| Main Authors: | , , , , , , , |
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| Format: | Brief |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2015
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2015/05/24528977/carbon-pricing-watch-2015-advance-brief-state-trends-carbon-pricing-2015-report-released-late-2015 http://hdl.handle.net/10986/21986 |
| Summary: | 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. |
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