CEBDS launched video on carbon pricing during the carbon pricing panel, which was supported by Votorantim Cimentos at Climate Week. Organized by CEBDS, the video features several sectors supporting carbon pricing in Brazil.
Carbon pricing is one of the main mechanisms of a set of public and corporate policies aimed at keeping the increase in the Earth's average temperature within the range of 1.5°C to 2°C above pre-industrial levels, a central objective of the Paris Agreement. With pricing, the reduction in greenhouse gas (GHG) emissions can be accelerated.
In pricing, market instruments help countries and companies meet targets for reducing GHG emissions. Governments assign a cost to emissions through regulation instruments such as carbon markets and/or emissions taxation. As it becomes more expensive to use carbon-intensive technologies, companies are encouraged to invest in the clean, low-carbon economy.
CEBDS prepared together with the CDP O Carbon Pricing Fact Sheet – What You Need to Know, sponsored by the Climate and Society Institute (ICS), where it is possible to learn about the entire scenario regarding carbon pricing in Brazil and the world. The document provides direct and concise information on the topic to help companies, governments, students and the general public to understand more about carbon pricing, a topic with great potential for progress in the country and the world.
Carbon pricing is the subject of an article
O article published in Valor written by the president of CEBDS, Marina Grossi, the CEO of Sheel, André Araújo, the CEO of Siemens, André Clark and the CEO of Neoenergia, Solange Ribeiro, shows how the participation of Brazilian companies is essential to mobilize the federal government in expanding diplomatic efforts in favor of the regulation of Article 6.
“We need to establish priorities so that these rules bring innovation and technology to countries, fulfilling their role as drivers of sustainable development and benefiting from the experiences built up over the last two decades. This means ensuring, for example, that there are no restrictions on the implementation of mitigation projects in any sector of the economy, even if it is among those identified as a means for the country to achieve its Nationally Determined Contribution (NDC).”
The world's largest and pioneering emissions trading market is the European Union Emissions Trading System (EU ETS). There are also regulated markets in Switzerland, New Zealand, South Korea and several subnational jurisdictions, such as the state of California (USA), the provinces of Quebec and Ontario in Canada, Tokyo in Japan and several Chinese cities, such as Beijing, Shenzen and Shanghai. In December 2017, China announced its plan to gradually operationalize its national emissions trading system, starting with the energy sector.
What the business sector needs to know about pricing
The study Carbon pricing: what the business sector needs to know to position itself, launched by CEBDS at COP22 (Morocco), in partnership with CDP and support from We Mean Business shows what companies need to know about carbon pricing.
Available for free download, it aims to provide companies with input on the main challenges of implementing these mechanisms in Brazil. Based on the analysis of international experiences, especially in contexts that present similarities with the Brazilian reality, it will point out the main challenges involved in the design and implementation of this type of instrument.
The study will also present how the business sector is involved in the development of carbon pricing policies, what impacts such mechanisms can have on Brazilian companies, what are the possible responses to the expected difficulties and what are the opportunities arising from this process.
