This report is based on the commission’s assessment of the available evidence and literature, a series of consultations with industry from a range of countries and advice from an expert advisory group. The primary focus of the report is on the competitiveness issues that may arise from carbon pricing. It highlights key insights and significant considerations relevant to mandatory pricing of greenhouse gas (GHG) emissions and its effect on competitiveness. The report is organized as follows: first, it provides background on the rationale for carbon pricing policy and offers a short explanation of the general nature of competitiveness impacts. Next, it examines international competitiveness, specifically the concerns of emissions-intensive trade-exposed (EITE) industries. It then identifies policies that can remediate competitiveness impacts and describes the benefits associated with pricing. Finally, key takeaways conclude the report.
Details
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Author
Peace,Janet, Besley,Daniel James, Rhoades,Erika L., Rastogi,Namrata Patodia, Prasad,Neeraj
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Document Date
2019/01/01
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Document Type
Report
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Report Number
146058
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Volume No
1
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Total Volume(s)
1
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Country
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Region
The World Region, Others
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Disclosure Date
2020/02/14
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Disclosure Status
Disclosed
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Doc Name
Report of the High-Level Commission on Carbon Pricing and Competitiveness
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Keywords
carbon pricing; united nations framework convention on climate change; carbon price; rate of return on capital; Partnership for Market Readiness; climate policy; iron and steel industry; chairman of the board; Management of Climate Risk; ozone-depleting substance; incentive for fuel switching; costs of emission reduction; large scale industrial production; consequence of climate change; climate change mitigation policy; price of natural gas; mining and metals industry; carbon tax; emission trading system
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Citation
Peace,Janet Besley,Daniel James Rhoades,Erika L. Rastogi,Namrata Patodia Prasad,Neeraj
Report of the High-Level Commission on Carbon Pricing and Competitiveness (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/715631581657071426/Report-of-the-High-Level-Commission-on-Carbon-Pricing-and-Competitiveness