Towards Low GHG Emission and Climate Resilience Future through Utilizing Economic Value of Carbon

Through utilizing the economic value of carbon, the actions of decision-makers in the public and private sectors can become consistent with national targets, as well as the temperature goals of the Paris Agreement. Governments can use it to provide systemic, economy-wide signals to incentivize changes in behavioral and investment patterns away from carbon-intensive practices and towards low-carbon alternatives.

This study has been developed for the G20 Climate Sustainability Working Group (CSWG) to inform and make recommendations on enhancing the economic valuation of carbon within members. It focuses primarily on the experiences and lessons learned from 20 years of implementing direct carbon pricing instruments (CPIs) in a range of different member contexts.