Putting a price on carbon can be an indispensable part of a country's strategy to reduce emissions in an efficient way. Furthermore, putting a price on carbon through international carbon markets can also offer significant cost benefits and enable flexibility in achieving emission reduction...

Carbon pricing can reduce emissions cost-effectively, and it can also generate a number of other benefits. This guide provides an overview of these benefits to help policy makers advance a variety of sustainable development objectives in their own countries and around the world. Carbon prices...

Carbon pricing is an important instrument in addressing climate change. However, a well-functioning carbon pricing instrument needs a robust framework to quantify GHG emissions (including removals) underpinned by high quality data. This data can help policy makers set the level of a carbon tax...

The World Bank's partnership for market readiness (PMR), through grant support and technical assistance, supported 23 emerging economies and developing countries in building their institutional and human capacities to design, institute, and implement carbon pricing instruments, such as emission...

This guide to developing domestic carbon crediting mechanisms is intended to assist national and subnational policymakers considering whether and how to establish a carbon crediting mechanism in their jurisdiction. The guide provides insights into the decision points for designing a crediting...

The past year has seen a significant increase in global momentum for climate action. As of April 2017, one hundred thirty-seven Parties to the United Nations Framework Convention on Climate Change (UNFCCC) have already submitted their first nationally determined contributions (NDCs) as part of...

Carbon pricing instruments (CPIs) involve large legal and financial interests. Trust in the accuracy and integrity of the reported data is therefore a prerequisite for a well-functioning instrument. To ensure accuracy and integrity of data, a robust monitoring, reporting, and verification (MRV)...

The Paris Agreement, with its universal requirement on all countries to submit nationally determined contributions (NDCs), marks a significant change for the framework of international cooperation through carbon markets. With all countries committing themselves to climate action to reduce...

This paper provides recommendations for combining the carbon budget with the carbon tax to support delivery of South Africa's emissions reduction targets beyond 2020. The analysis involved comparing four categories of policy alignment options, including layering, 'tax enforces budget' option,...

Recent years have seen renewed and growing interest in carbon taxes that put a price on greenhouse gas (GHG) emissions. This resurgence in interest has come as over three-quarters of the world have developed Nationally Determined Contributions under the Paris Agreement and are looking for...