EEMI Establishes Partnership with the World Bank on the Carbon Pricing Leadership Coalition

Panelists discuss using carbon pricing revenue to jumpstart innovation on the sidelines of the UN General Assembly
Panelists discuss using carbon pricing revenue to jumpstart innovation on the sidelines of the UN General Assembly
November 20, 2016

In November 2016 the EEMI became an official academic partner of the World Bank-coordinated Carbon Pricing Leadership Coalition (CPLC), joining Yale and MIT as academic partners of the CPLC. Dr. Rachael Jonassen, Director of the EEMI Greenhouse Gas Management Program, will serve as the EEMI liaison.

The Coalition is a voluntary partnership of 74 national and sub-national governments and more than 1,000 businesses and civil society organizations. All participants agree to advance the carbon pricing agenda by working with each other towards the long-term objective of a carbon price applied throughout the global economy. This is done by strengthening carbon pricing policies to redirect investment commensurate with the scale of the climate challenge; bringing forward and strengthening the implementation of existing carbon pricing policies to better manage investment risks and opportunities; and enhancing cooperation to share information, expertise and lessons learned on developing and implementing carbon pricing through various "readiness" platforms.

Officially launched at the 2015 COP21 in Paris, the CPLC supports the deliberations of the Carbon Pricing Panel convened by World Bank Group President Jim Yong Kim and the International Monetary Fund’s Managing Director Christine Lagarde, and joined by OECD Secretary General Angel Gurria.

Members of the Carbon Pricing Panel include German Chancellor Angela Merkel, Chilean President Michelle Bachelet, French President François Hollande, Ethiopian Prime Minister Hailemariam Desalegn, Mexican President Enrique Peña Nieto, Canadian Prime Minister Justin Trudeau, Governor Jerry Brown of California, and Mayor Eduardo Paes of Rio de Janeiro.

Under the new partnership, the EEMI plans to collaborate in multiple areas, such as:

  • Collating examples and case studies from CPLC Partners and the market;
  • Building capacity in client countries;
  • Advancing knowledge of corporate readiness strategies;
  • Briefing and engaging executives and investors on carbon pricing;
  • Hosting global and regional leadership dialogues; and
  • Organizing national governments/business dialogues with tailored analysis.