Climate change and its impacts are accelerating, posing a serious threat to sustainable development. Despite new pledges, there is a large gap between where we are and where we need to be to meet the 1.5°C temperature goal. This includes a significant gap between the ambition stated in government pledges and the emissions reductions expected to be delivered by polices currently in place. Carbon pricing instruments play a critical role in addressing this gap, as they can incentivize change across economies and be tailored to align with net-zero goals. When combined with other policies, carbon pricing can help accelerate and ensure a smooth transition to a low-carbon economy. The World Bank’s annual State and Trends of Carbon Pricing report and the associated Carbon Pricing Dashboard, provide an up-to-date overview of existing and emerging carbon pricing instruments around the world, including international, national, and subnational initiatives.
This event will provide an overview of this year’s State and Trends of Carbon Pricing report, highlighting the developments over the past 12 months relating to emissions trading systems, carbon taxes, and carbon crediting. It will also showcase the modernized Carbon Pricing Dashboard, which allows users to access the data underpinning the State and Trends report.
Opening remarks: Jennifer Sara, Global Director, Climate Change Group, World Bank
Panel discussion on recent developments in carbon pricing:
• Hania Dawood, Practice Manager, Climate Finance and Economics, World Bank
• José Pedro Bastos Neves, Coordinator of Sustainable Finance, Ministry of Finance, Brazil
• Eyüp Kaan Morali, Head of Carbon Pricing Unit, Ministry of Environment, Urbanization and Climate Change, Türkiye (online)
• Stefano De Clara, Head of the ICAP Secretariat
• Rueban Manokara, Assistant Director, Global Partnerships, National Climate Change Secretariat, Singapore (online)
This session is co-organised with the World Bank, more information and the full programme of the EUI Climate Week 2024 can be found here.
You can register for online participation here.