Analysis

Political Leadership Making a Better Future: Carbon Pricing Around The Globe

More than 25 jurisdictions around the world now internalize the costs of carbon pollution—collectively representing approximately $33 trillion—more than 44 percent—of global GDP and more than one billion people.

It is no longer a question of whether or not economies will internalize the costs of carbon pollution; it’s a question of when. A growing number of national and subnational governments—including those shown below—are now using a carbon tax, cap-and-trade program, or similar market-based mechanism to level the playing field between clean and fossil energy.

The energy shift will proceed with or without a carbon price, but where they exist, such policies help accelerate clean innovation and truly unleash the power of the market against climate disruption.

Global Carbon Price

 Excerpted from Tracking the Energy Revolution – Global 2014.