Past Event

Launch of the 2024 State and Trends of Carbon Pricing Report

Join us for the launch of the 2024 State and Trends of Carbon Pricing report. 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.

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.

Watch the replay of the launch of the 2024 State and Trends of Carbon Pricing presented at the EUI Climate Week conference in Florence, Italy. This hybrid in-person and online event provided 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 also marked the release of 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
  • Stefano De Clara, Head of the ICAP Secretariat
  • Rueban Manokara, Assistant Director, Global Partnerships, National Climate Change Secretariat, Singapore

Presentation on the key findings of the 2024 State and Trends of Carbon Pricing report:

Joseph Pryor, Senior Climate Change Specialist, World Bank

Jennifer Sara$% Global Director$% Climate Change Group$% World Bank

Jennifer Sara$% Global Director$% Climate Change Group$% World Bank

Jennifer Sara is the Global Director for the World Bank Group’s Climate Change Global Practice. Ms. Sara is responsible for overseeing the key strategic priorities and implementation of the World Bank Group’s Climate Change Action Plan and lead five Practice groups on: Climate Operationalization and Impact, Climate Economics and Finance, Climate Funds Management, Climate Investment Funds Secretariat, and Strategy, Knowledge and Outreach. Prior to taking on this position, Ms. Sara served for eight years as Director and Global Director for the Water Global Practice, overseeing the Bank’s $30B water portfolio, analytics, trust fund management and knowledge agenda. Ms. Sara holds an MSc in Environmental Management from the University of London and a BSc in Environmental Engineering from Brown University.

Hania Dawood$% Practice Manager$% Climate Finance and Economics$% World Bank

Hania Dawood$% Practice Manager$% Climate Finance and Economics$% World Bank

Hania Dawood is Manager for Climate Finance & Economics at the World Bank. In her role, she leads a team of over 30 professionals to deliver climate analytics and diagnostics that inform climate policy, priorities and finance; support client countries on carbon markets and carbon pricing; drive innovation in international carbon markets infrastructure; and develop innovative climate finance instruments and business models to support scaling up climate and carbon finance. Prior to this role, Hania was Climate Business Development & Strategy Manager at the IFC, the World Bank Group’s private sector arm, where she led a team focused on green cities and buildings, new climate technologies, and carbon markets. Hania holds an MBA from Harvard Business School and a Bachelor of Science in Finance from the Wharton School, University of Pennsylvania.

José Pedro Bastos Neves$% Coordinator of Sustainable Finance$% Ministry of Finance$% Brazil

José Pedro Bastos Neves$% Coordinator of Sustainable Finance$% Ministry of Finance$% Brazil

José Pedro Bastos Neves serves as the technical coordinator of the team responsible for designing Brazil's national cap-and-trade system, leading the effort behind the Regulated Carbon Market Bill currently under consideration in Congress. His role involves actively shaping policies for the carbon market and climate modeling, alongside contributing to broader initiatives such as mitigation plans and environmental service payments. An applied macroeconomist with a Ph.D. in Economics from the New School, Dr. Bastos Neves Leverages his academic background to inform effective policy development. Prior to his current position, he served as an economic advisor at the Brazilian National Treasury Secretariat.  Dr. Bastos Neves is committed to promoting sustainable economic practices and believes in their vital role in Brazil's environmental and economic development discussions.

Eyüp Kaan Morali$% Head of Carbon Pricing Unit$% Ministry of Environment$% Urbanization and Climate Change$% Türkiye

Eyüp Kaan Morali$% Head of Carbon Pricing Unit$% Ministry of Environment$% Urbanization and Climate Change$% Türkiye

Eyüp Kaan Morali is an environmental engineer, M.Sc., and has more than 17 professional experience in environment and climate sector. Mr. Morali is currently head of Carbon Pricing Department of the Climate Change Directorate of the Ministry of Environment, Urbanization and Climate Change and coordinates the studies on the establishment of the Emission Trading System in Turkey, the works and transactions carried out within the scope of the Voluntary Carbon Market and Article 6 of the Paris Agreement, and the Carbon Border Adjustment Mechanism.

Stefano De Clara$% Head of the ICAP Secretariat

Stefano De Clara$% Head of the ICAP Secretariat

Stefano De Clara is the Head of Secretariat at ICAP, the International Carbon Action Partnership. ICAP is a forum, counting over 40 Members and Observers, for governments and public authorities that have implemented or are planning to implement emissions trading systems. Stefano leads the work of ICAP, facilitating technical dialogue, knowledge sharing and capacity building among governments on all aspects related to the design and implementation of emissions trading systems. Before his current role, Stefano was the Director for International Policy at the International Emissions Trading Association (IETA). Prior to joining IETA he focused on emissions trading in the Academia and for consulting companies. He holds a M.Sc. in Sustainable Development from the Utrecht University and a B.Sc. in Environmental Science from the University of Trieste.

Rueban Manokara$% Assistant Director$% Global Partnerships$% National Climate Change Secretariat$% Singapore

Rueban Manokara$% Assistant Director$% Global Partnerships$% National Climate Change Secretariat$% Singapore

Rueban Manokara is Assistant Director (Global Partnerships) from the National Climate Change Secretariat in the Strategy Group, Prime Minister’s Office, Singapore. He is Singapore’s lead negotiator for Carbon Markets at the UNFCCC and coordinates Singapore’s international strategy on climate change, including in areas of carbon credits, low carbon technologies and enabling financial flows to climate action. Rueban also serves as Singapore’s representative in the Technical Advisory Body of the International Civil Aviation Organisation’s CORSIA. Prior to that, Rueban has served in the Singapore Armed Forces, as well as the Ministry of Defence.

Joseph Pryor$% Senior Climate Change Specialist$% World Bank

Joseph Pryor$% Senior Climate Change Specialist$% World Bank

Joe Pryor is a Senior Climate Change Specialist in the Climate Finance and Economics Unit in the World Bank, where he is currently leading the development of the State and Trends of Carbon Pricing Report. Joe has over 15 years’ experience in developing and implementing climate policy—working with both government and the private sector. Prior to joining the World Bank, he worked for the Australian Government where he developed a range of carbon pricing instruments and served as a negotiator on Australia’s delegation to the UNFCCC and ICAO. Joe also worked as a consultant, advising governments and large businesses on managing carbon financial liabilities, as well as developing ‘Project Design Documents’ for renewable energy projects in the Asia-Pacific under the Kyoto Protocol’s Clean Development Mechanism. Joe has Master’s Degrees in Applied Finance and Environmental Policy and degrees in Economics and Forestry from the Australian National University.

Date: May 21, 2024

Time: 09:00 AM - 10:30 AM ET

Location: Virtual