To meet the scale of the climate change challenge, the world needs public and private sectors working together toward the same goal. The Climate Leadership Summit, called by UN Secretary-General Ban Ki-moon, brings together public and private sector leaders for that common purpose.
One critical step is putting a price on carbon. At the Summit's Private Sector Forum, the focus will be on carbon pricing and the growing support for carbon pricing policies as one of the most effective ways to address climate change. The carbon pricing initiative and statement are available through the World Bank's Climate Change website.
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Leaders across the sectors are speaking up for action through carbon pricing:
We support carbon pricing. It makes investments in low-carbon or carbon-free technologies attractive and ensures that fossil fuels are used efficiently, helping us all adhere to our common 2-degree climate goal, says German Chancellor Angela Merkel. Read more
Shared global prosperity requires robust economic growth without the carbon pollution of the past. To drive this transformation, we need both limits on carbon pollution and a price on carbon, writes Fred Krupp, president of the Environmental Defense Fund. Read more
Leaders from across government and business are sending a clear message to the world this week that climate change is a risk that cannot be ignored, and, importantly, that they are ready to work together to bring down emissions. Read more
Pricing Carbon: It’s About Our Economy & Our Future (Sept. 22, 2014)
When polluting has a price, efficiency and innovation are rewarded. Businesses and governments around the world are taking action by putting a price on carbon. Watch the animation.
The Climate Week activities, and the Climate Summit are beginning to make clear to people that this is an important issue for all of us – that climate change is everybody's business, and that there are ways in which we can feel useful, writes World Bank Group Vice President and Special Envoy for Climate Change, Rachel Kyte. Read more
The Atmosphere at the People’s Climate March Is Electric (Sept. 21, 2014)
The People's Climate March drew people from all over the world to New York City today, and you could feel the energy in the air, says Rachel Kyte, World Bank Group Vice President and Special Envoy for Climate Change. Watch
British Columbia, Canada, implemented a revenue-neutral carbon tax in 2008. Its greenhouse gas emissions and income taxes are down, and its economy has continued to grow, writes British Columbia's Premier Christy Clark. Read more
A carbon price on emissions is a necessary cost to stop the economic and environmental damage being distributed across generations. Capital markets have the ability to finance the transition to a low-carbon economy, writes Frank Pegan, CEO of Catholic Super, an Australian superannuation fund currently managing AU$5.21 billion. Read more
We face an existential challenge with the changes in our climate. The time to act is now, writes Jerry Brown, Governor of California. Read more
What Does Carbon Pricing Success Look Like? Ask These Leaders (Sept. 18, 2014)
British Columbia, Sweden, California and China have been pioneering carbon pricing systems to lower emissions and help shift their economies onto cleaner, greener trajectories. Read more
Carbon price measures like taxes and cap and trade systems are needed for getting modern and mature technologies into the market, writes Henry Proglio, chairman and CEO of EDF. Read more
California's climate policies and carbon pricing are encouraging a shift to clean energy, writes Anthony Earley, chairman and CEO of PG&E Corporation. Read more.
Cities Can Lead on Climate Change to Build a More Resilient Future (Sept. 15, 2014)
Vancouver is aggressively pursuing a goal to become the greenest city in the world. Carbon pricing plays an important role, Mayor Gregor Robertson writes. Read more.
The airline industry has committed to ambitious targets to improve our environmental performance, and it will meet them through investment of trillions of dollars in new technology with vastly improved fuel and carbon efficiency, through sustainable alternative fuels, and importantly, through carbon trading, writes the CEO of International Airlines Group, parent company of British Airways. Read more
British Columbia's price on carbon has become an example of how to tackle one of the greatest global challenges of our time: building an economy that will prosper in a carbon-constrained world, write Stewart Elgie, professor of law & economics at University of Ottawa and chair of Sustainable Prosperity; Ross Beaty, chairman of Pan American Silver Corp. and Alterra Power; and Richard Lipsey, professor emeritus of economics at Simon Fraser University. Read more
City of Tokyo Supports Putting a Price on Carbon (Sept. 9, 2014)
Here in Tokyo, we are extremely concerned about climate change, as it poses a huge threat to our goal of becoming a sustainable and environmentally-friendly city, writes Governor Yoichi Masuzoe. Watch the governor's video and read his arguments for action. Read more
Carbon Pricing: Delivering Economic & Climate Benefits (Sept. 8, 2014)
A price on carbon can drive investment toward cleaner, more efficient development. Momentum for it is building in business, investment and government. Read more
Climate Finance Is Flowing, but It Isn’t Enough – Yet (Sept. 5, 2014)
Climate Finance: Lessons from the Front Lines (Aug. 30, 2014)
Three key themes emerged from the Peruvian Government’s Climate Finance Week, where there were many reasons to be optimistic that addressing the climate challenge can also create economic opportunities. Read more
Why Business Leaders Support a Price on Carbon (Aug. 11, 2014)
Business leaders recognize the risks that climate change poses for their supply chains, infrastructure and business models. They also see opportunity in action. Read more
Storify: Who Supports Putting a Price on Carbon? (Aug. 11, 2014)
Forward-thinking leaders from across business and government are speaking out in support of a price on carbon to lower climate-damaging emissions and encourage clean-energy innovation. Read more
Why Investors Support a Price on Carbon (July 28, 2014)
Four investor groups representing Asia, Australia, Europe and North America discuss the value of carbon pricing for innovation, transparency and a low-carbon future. Read more
What Does It Mean to Put a Price on Carbon? (June 11, 2014)
The World Bank Group, business groups, and investors have called on governments and corporations to support a price on carbon. So what does that mean, and how does carbon pricing work? Read more