A Carbon Pricing Leadership Coalition (CPLC), an initiative of which the Brazilian Business Council for Sustainable Development (CEBDS) is a strategic partner, launched the Report of the High-Level Commission on Carbon Prices, in English, nthis Monday (29). The report's message is clear: carbon pricing is an indispensable part of the strategy for efficiently reducing greenhouse gas emissions. Therefore, strengthening the carbon price will be central to complying with the Paris Agreement and the Sustainable Development Goals (SDGs), ensuring development and economic growth combined with poverty reduction.
The report is the result of research by 13 economists from nine countries and argues that a ton of carbon should cost between US$ 40 and 80 in 2020 and increase to a value between US$ 50 and 100 in 2030, figures above those practiced in the market today, in around US$ 10. The work led by Joseph Stiglitz and Nicholas Stern, includes the participation of the professor at COPPE/UFRJ, Emilio Lèbre la Rovere. “The world’s transition to a low-carbon, climate-resilient economy is the growth story for this century,” said Stiglitz and Stern.
The document highlights that each country must implement the pricing mechanism that best suits the economic reality, in addition to promoting policies and instruments aimed at energy efficiency, renewable energy, expansion of technologies and innovations. Another initiative defended is the internal carbon pricing adopted by companies, joining the Carbon Pricing Corridor Initiative, led by We Mean Business and the CDP, and contributing to the construction of climate policies and pricing instruments around the world.
The research was carried out with support from the French government and the World Bank.
CEBDS is a reference for CPLC
In the first report of the High-Level Commission, the publication Carbon Pricing Guide: what the business sector needs to know to position itself, prepared by CEBDS in partnership with CDP, was one of 60 examples chosen to promote carbon pricing in the world.
