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Carbon pricing

Monday After Climate Week

Rachel Kyte's picture

 Connect4Climate


Sitting on the train heading back from New York to Washington D.C., gazing out of the window at stressed watersheds, I had some time to reflect on a very special Climate Week. What does it all add up to? Where does it leave us as a global community needing speed and scale in our climate action?

Much is being written. Let me add a perspective. Here are three thoughts amid my swirl of memories, moments and impressions.

Climate osmosis – the street reaches the hallowed halls

It was difficult to stand in the canyon that is 6th Avenue, with a sea of people stretching in both directions – environmental activists, nurses, pensioners, business people, every possible faith community, moms, a sprinkling of celebrity and a dash of statesmen – and not be moved. On the Sunday before the Summit, more than half a million people took to the streets in People’s Climate Marches in New York and more than 160 countries across the globe. The marchers demanded climate action from their leaders, suggesting that the politics of climate action, once considered too hard to handle, might no longer be as difficult as leaders think.

The reverberations continued for 48 hours and became a point of reference in almost every speech at the UN Secretary-General’s Climate Leadership Summit. More than 120 heads of state and government came to hint and in some cases pledge action on climate change. New coalitions of governments, businesses, investors, multilateral development banks and civil society groups announced plans to mobilize over $200 billion for low-carbon, climate-resilient development. Forests and cities were big winners, landing pledges of around $450 million for forests and bringing together more than 2,000 cities in a new Compact of Mayors to help improve accounting of urban greenhouse gas emissions and the actions cities are taking to reduce them.

Merkel: We Support a Price on Carbon – Growth & Climate Protection Can Go Hand in Hand

Angela Merkel's picture
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In a video shown at the UN Climate Leadership Summit on Sept. 23, 2014, German Chancellor Angela Merkel talks about her country's support for carbon pricing and how it can drive low-carbon growth. 

Fred Krupp: Emissions Trading Limits Carbon Pollution & Harnesses the Power of the Marketplace

Fred Krupp's picture
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Fred Krupp is the president of the Environmental Defense Fund, one of several civil society organizations supporting a price on carbon. He spoke ahead of the UN Secretary-General's Climate Leadership Summit about how a price on carbon could bring shared propserity and economic growth.

It Takes All of Us: Stretching the Space for Political Agreement on Climate Action

Rachel Kyte's picture
 Connect4Climate

The rising level of anticipation around the UN Secretary-General’s call for climate leadership has been palpable over the past few weeks, and especially so here in New York at the People's Climate March today, with Climate Week about to start and the UN Climate Leadership Summit just two days away. 

At the World Bank Group, we have been fielding calls from our clients – companies and countries – who are asking for support and wanting to know how they can engage on the different climate initiatives that are coming together across all sectors of the economy. 

Standing in my daughter’s school yard talking to other parents last week, we discovered that many of us would be joining the march. In our family’s religious community, buses were organized and rooms offered to those headed to New York to add their voices to the call for action. New York is just one location – the march organizers are talking about more than 150 other climate action events around the world.

Before stepping off, let me try to lay out how I believe this Summit can help spur action and achieve the speed and scale of action we need. 

Carbon Pricing Helps Investors Assess Investment Prospects for the Future

Frank Pegan's picture
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Frank Pegan is the CEO of Catholic Super, an Australian superannuation fund currently managing AU$5.21 billion. He spoke ahead of the UN Climate Leadership Summit about the value of carbon pricing for investors.

British Columbia Premier: You Can Grow the Economy & Protect the Environment

Christy Clark's picture
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Christy Clark is the premier of British Columbia, which has had a revenue-neutral carbon tax since 2008. She spoke ahead of the UN Secretary-General's Climate Leadership Summit about the impact of carbon pricing on the economy.

Gov. Brown: CO2 Emissions Already Carry a Cost – to Public Health, Economy & Climate

Jerry Brown's picture
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Jerry Brown is the governor of California. He spoke ahead of the UN Secretary-General's Climate Leadership Summit about politics and the value of his state's emissions trading system in building a healthier, cleaner future. The state's economy is growing, and its climate work is setting a pace for the nation.

Electricity CEO: Carbon Pricing Is Necessary to Ensure Long-Term Investments Support a Low-Carbon Future

Henri Proglio's picture
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Henri Proglio is the chairman and CEO of Électricité de France (EDF). He spoke ahead of the UN Secretary-General's Climate Leadership Summit about the importance of carbon pricing for the electricity sector to move toward a low-carbon economy.

Energy CEO: California Shows How Carbon Pricing Can Reduce Emissions Efficiently & Cost Effectively

Anthony Earley's picture
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Anthony Earley is the chairman and CEO of PG&E Corporation, the parent company of Pacific Gas and Electric. He spoke ahead of the UN Secretary-General's Climate Leadership Summit about the importance of California's climate policies and carbon pricing in encouraging a shift to clean energy solutions. 

Cities Can Lead on Climate Change to Build a More Resilient Future

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Mayor Gregor Robertson. Courtesy of the City of Vancouver

By Gregor Robertson, Mayor of Vancouver, Canada


Around the world, cities are taking the lead on addressing the challenge of climate change. While senior governments stall, urban leaders are responding to the urgent need to make our cities more resilient as climate change impacts intensify. 
 
In Vancouver, we are aggressively pursuing our goal to be the greenest city in the world by 2020. It's a bold goal, but in working toward it, we are protecting our environment and growing our economy. The successful cities of the future will be those making the investments and changes necessary to adapt to the impacts of climate change. Climate change poses a serious risk to global economic and social stability, and resilient cities will prove to be attractive draws for people and capital. 
 
With decisive leadership, the everyday decisions of city governments can prepare our communities for climate change. By considering climate change when we evaluate new development or infrastructure proposals, cities can save lives, create jobs, and improve our streets and neighbourhoods.
 
A clear price on carbon enables governments, businesses, non-profits and citizens to make smarter decisions that will have real impact. Innovative businesses aren't waiting for governments to act; many are already internally pricing greenhouse gas emissions to gain a competitive edge. The forward-thinking businesses and regions that price carbon today will have more flexibility and capacity to respond to the uncertain conditions tomorrow.

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