A big new World Bank finds that more than 40 national governments and 20 sub-national governments have either put in place carbon-pricing schemes or are planning one for the years ahead. That includes either carbon taxes or some form of cap-and-trade. Here’s a map of the countries that are planning the latter:
The report notes that the countries and regions with carbon pricing either in place or firmly scheduled are responsible for one-fifth of the world’s carbon emissions. Now, there’s a key caveat: The programs in place don’t yet cover all sources of pollution — so, in practice, only 7.7 percent of the world’s emissions have actually been priced. But that should give some sense of the scale.
The list includes emissions-trading in the European Union, South Korea, Australia and New Zealand. It also includes cap-and-trade programs at the state or provincial level, such as in California, New England, and Quebec. On top of that, there are carbon taxes in place in Denmark, Finland, Norway, British Columbia, and soon South Africa.
And that’s just what exists now. The World Bank notes that developing countries like China and Brazil are also mulling over various carbon-pricing schemes. China, for instance, has set up pilot programs in seven different cities — including Beijing and Shanghai.
Source: Brad Plumer, Reporter,WP.