A Call for Effective, Efficient and Equitable Carbon Pricing at Paris Climate Talks

Carbon Pricing Leadership Council

Heads of state turned out for the launch of the Carbon Pricing Leadership Coalition in Paris on Monday.

FOR IMMEDIATE RELEASE

A Call for Effective, Efficient and Equitable Carbon Pricing at Paris Climate Talks

As world leaders prepare to gather at the UN climate talks in Paris on November 30th, a growing group of organizations and luminaries have sent a letter to COP21 delegates calling for the final Paris agreement to contain clear principles to guide nations to develop and deploy effective, efficient and equitable carbon pricing (E3CP) policies on fossil fuels.

“Carbon pricing is a key strategy for addressing climate change, and it’s been almost entirely cut out of the negotiating text,” said John Hansen, lead for Citizens Climate Lobby’s (CCL) COP21 Carbon Pricing Workstream. The letter states that any outcome adopted in Paris must successfully lay the foundations for how nations address the key drivers of climate change, including the economy. Carbon pricing is “a critical strategy for accelerating economic correction, achieving emissions reductions, and creating an enabling environment for climate finance and long-term resilient growth.”

This is amplified in a recent Brookings Institution report which argues that carbon pricing should be integrated into international consultation as “few countries have included their finance and trade ministries in climate negotiations. The absence of the expertise of those most familiar with the economic outcomes of the commitments under discussion gives rise to calls for infeasible targets and timetables, and vague policy commitments” while a price on carbon the would make the commitments “more transparent and comparable, and foster mutual trust in the ambition of commitments.”

On the first day of the conference a high-level group [coalition] of country leaders, company CEOs and civil society organizations, led by World Bank Group President Jim Yong Kim and International Monetary Fund Managing Director Christine Lagarde will launch the Carbon Pricing Leadership Coalition. In addition, the World Economic Forum, with CEOs from 78 companies operating in over 150 countries with more than 2.1 trillion in revenue, issued a statement calling for “effective climate policies” that include “prices on carbon.”

It’s clear the discussion is moving beyond if carbon should be priced, to how carbon will be priced. “Not all carbon pricing schemes are created equal,” said Don Kraus, a letter organizer and Senior Fellow with Citizens for Global Solutions. “If not properly constructed they can fail to lower greenhouse gas emissions, be plagued by corruption or endanger at risk communities. This is why we need E3CP principles.” Specifically these are:

  • Effective in reducing economy-wide absolute emissions while supporting domestic economic growth across all sectors.
  • Efficient at minimizing the cost of implementation while maximizing environmental, economic and social co-benefits.
  • Equitable by avoiding disproportionate burdens and protecting vulnerable populations from unjust or negative economic or environmental impacts while building economic value at the human scale for individuals and their communities.

In addition to CCL, letter signers include former US Secretary of State George Shultz, actor Don Cheadle, Physicians for Social Responsibility, the Quaker lobby group Friends Committee on National Legislation, and Future 500. The full letter and signatories are below.

Contact:

John Hansen,+001 415-404-2285, gro.y1566739164bbole1566739164tamil1566739164csnez1566739164itic@1566739164nhoj1566739164, @johnhanseneco

Don Kraus +001 202-365-0890, gro.s1566739164noitu1566739164losla1566739164bolg@1566739164suark1566739164d1566739164,  @don_kraus

 

LETTER TO COP21 DELEGATES

A Call for Effective, Efficient and Equitable Carbon Pricing in the Paris Outcome

Dear [COP21 Delegate],

You have a unique opportunity and responsibility that has never existed before.

For the first time in history local communities, regional and national governments, civil society, leaders of business and multilateral institutions are convening in unprecedented alliances to urge countries and companies around the world to put a price on carbon. As a result, the discussion is moving beyond if carbon should be priced, to how carbon will be priced.

Any outcome adopted at the upcoming COP21 must successfully lay the foundations for how we, as a community of nations, address the key drivers of climate change—including the economy. Carbon pricing is a critical strategy for accelerating economic correction, achieving emissions reductions, and creating an enabling environment for climate finance and long-term resilient growth.

Although our priorities are diverse, we, the undersigned, agree that to address the fundamental economic drivers of climate change the final agreement must contain principles and elements to guide Member States in developing and deploying effective, efficient and equitable carbon pricing (E3CP) policies:

  • Effective in reducing economy-wide absolute emissions while supporting domestic economic growth across all sectors.
  • Efficient at minimizing the cost of implementation while maximizing environmental, economic and social co-benefits.
  • Equitable by avoiding disproportionate burdens and protecting vulnerable populations from unjust or negative economic or environmental impacts while building economic value at the human scale for individuals and their communities.

E3CP will send a crucial, long-term political and economic signal to motivate developed and developing countries to better address the drivers of climate change through their national efforts. E3CP will provide the private-sector with the clear price signals necessary for climate-smart investment decisions and ensure adaptation and mitigation funding and investment go further with greater impact. E3CP will increase effectiveness of financial flows and lead to greater resource availability and economic empowerment within developing nations. Ultimately, E3CP can save lives, reduce conflict and improve the well-being of future generations.

We ask you to support and strengthen the current language on carbon pricing and ensure the basic elements, principles and fundamental instruments of efficient, effective and equitable carbon pricing are included in the Paris COP21 outcome.

This cannot and should not be deferred to future negotiations. We call upon you to act now, and we stand ready to support you in ensuring a strong outcome that benefits all nations and addresses the core economic drivers of climate change.

Sincerely,

Jose Aguto, Legislative Secretary, Sustainable Energy and Environment, Friends Committee on National Legislation

Kjartan Almenning, Chair Én Verden – WFM Norway

Don Cheadle, Actor

Bob Inglis, Executive Director, republicEn.org

Earl James, Executive Director, Citizens for Global Solutions

David Jenkins, President, Conservatives for Responsible Stewardship

Tom Kelly, Executive Director, KyotoUSA

Charles Komanoff, Director, Carbon Tax Center

Craig Lewis, Executive Director, Clean Coalition

Bob Musil, President, The Rachel Carson Council

Mark Reynolds, Executive Director, Citizens Climate Lobby

Joseph E. Schwartzberg, Director, The Workable World Trust

Paul Severance, Chair, Elders Climate Action

Bill Shireman, President and CEO, Future 500

George P. Shultz, Distinguished Fellow, Hoover Institution, Stanford University,Former U.S. Secretary of State

Jerry Taylor, President, Niskanen Center

Catherine Thomasson, MD, Executive Director ,Physicians for Social Responsibility

Carol Werner, Executive Director, Environmental and Energy Study Institute


For More Information Contact John Hansen at gro.y1566739164bbole1566739164tamil1566739164csnez1566739164itic@1566739164nhoj1566739164 or +001-415-404-2285


 

Steve Valk
Steve Valk is Communications Director for Citizens' Climate Lobby. Steve joined the CCL staff in 2009 after a 30-year career with the Atlanta Journal-Constitution.

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