We believe that carbon pricing can be an effective tool to accelerate business decisions and a transition to a low-carbon economy.
In our view:
- If well designed, global carbon pricing provides an effective route to lowering carbon emissions within and across economies.
- National or regional carbon pricing schemes should allow for linking with other jurisdictions to drive common ambition and reduce cost. Essential provisions have to be aligned to avoid any distortion of competition.
- All revenues (100%) from carbon pricing should go to initiatives contributing to the transition towards a low-carbon economy.
More details are in the paper.