New Principles to Help Accelerate the Growing Global Momentum for Carbon Pricing

STORY HIGHLIGHTS
  • New report shows the number of implemented or planned carbon pricing schemes around the world has almost doubled since 2012, with existing schemes now worth about $50 billion.
  • About 40 nations and 23 cities, states or regions are using a carbon price. This represents the equivalent of about 7 billion tons of carbon dioxide, or 12 percent of annual global greenhouse gas emissions.
  • And new report lays out six key principles to put a price on carbon – the FASTER principles – for putting a price on carbon based on economic principles and experience of what is already working around the world

 

For Detail Story Refer to:    http://www.worldbank.org/en/news/feature/2015/09/20/state-and-trends-of-carbon-pricing-2015