Leading Economists: A Strong Carbon Price Needed to Drive Large-Scale Climate Action

23 June 2017

Meeting the world’s agreed climate goals in the most cost-effective way while fostering growth requires countries to set a strong carbon price, with the goal of reaching $40-$80 per tonne of CO2 by 2020 and $50-100 per tonne by 2030. That’s the key conclusion of the High-Level Commission on Carbon Prices, led by Nobel Laureate Joseph Stiglitz and Lord Nicholas Stern.

Convened by the Carbon Pricing Leadership Coalition (CPLC)[1] at Marrakesh in 2016 and supported by the Government of France and the World Bank Group, the Commission brought together 13 leading economists from nine developing and developed countries to identify the range of carbon prices that, together with other supportive policies, would deliver on the Paris climate targets agreed by nearly 200 countries in December 2015.

Read the full article on the Carbon Pricing Leadership Coalition website.

Listen to an interview with Nobel Laureate Joseph Stiglitz and Lord Nicholas Stern Co-Chairs of the High-Level Commission on Carbon Prices.

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