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06.06.2017

Report of the High-Level Commission on Carbon Prices

New conclusions from the High-Level Commission on Carbon Prices, led by Nobel Laureate Joseph Stiglitz and Lord Nicholas Stern, provide the right advice at the right time to boost climate-friendly growth, investment and innovation, according to the World Bank’s Senior Director for Climate Change.

The High-Level Commission, which was convened by the Carbon Pricing Leadership Coalition and supported by the Government of France and the World Bank, brought together 13 leading economists from nine developed and developing countries to identify the range of carbon prices which would help deliver on the core goal of the Paris Agreement: keeping the rise in global temperatures to below 2 degrees Celsius.

The Commission’s report, released this Monday, May 29th, 2017, in Berlin, concluded that a carbon price of $40-$80 per ton of CO2 equivalent by 2020, rising to $50-$100 per ton by 2030, when combined with supportive policies, would allow for achievement of the Paris goal.

Source: Connect4climate.org

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