101 Countries Consider Carbon Pricing as Part of their Paris Agreement Commitments
HANOI, Vietnam, October 18—Greater cooperation through carbon trading could reduce the cost of climate change mitigation by 32 percent by 2030, according to a new World Bank report released today at an international carbon event in Vietnam.
New modelling analysis undertaken for the State and Trends of Carbon Pricing 2016 report shows that increased international carbon trading could enable large-scale emissions reductions at much lower cost than at present, based on the carbon mitigation goals spelled out in countries’ national climate plans under the Paris Agreement — the Nationally Determined Contributions, or NDCs. By the middle of the century, an international market has the potential to reduce global mitigation costs by more than 50 percent.
may double in just two decades.
may double in the coming two decades.
signed in Paris in December 2015. The agreement will be implemented through country-led greenhouse gas (GHG) emissions reduction commitments known as their intended Nationally Determined Contributions (NDCs), which to date have been submitted by 189 countries covering 95 percent of global GHG emissions.
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Netherlands for the World Bank 
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