What does it mean to reach “net zero?” A recent report by the Carbon Pricing Leadership 
Coalition (CPLC) explores how the world can decarbonize, and in particular, how carbon pricing can play a role. To learn more about net zero, the report and its findings, we sat down with Chandra Shekhar Sinha, a member of the Task Force on Net Zero Goals and Carbon Pricing and Advisor to the Bank’s Climate Change Group, and Angela Churie Kallhauge, former Head of the Carbon Pricing Leadership Coalition (CPLC) Secretariat.
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Leaders Aim to Put a Price on Half of All Global Carbon Emissions
Ten leaders, including Chancellor of the Federal Republic of Germany Angela Merkel, Mexican President Enrique Peña Nieto, and World Bank Group President Jim Yong Kim, have laid out goals in a joint vision statement to expand carbon pricing to cover 25 percent of global emissions by 2020, and achieve 50 percent coverage within the next decade.
Currently, some 40 governments and 23 cities, states and regions put a price on carbon pollution, accounting for 12 percent of annual global greenhouse gas emissions. This marks a three-fold increase over the past decade.
Netherlands for the World Bank 
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