More Countries Expand Carbon Pricing Efforts
BARCELONA, May 23, 2017 – The number of carbon pricing initiatives implemented or scheduled has almost doubled over the past five years, according to Carbon Pricing Watch 2017, a new publication released at the Innovate4Climate Summit today.
Since 2016, eight new carbon pricing initiatives have been put in place – three at a national level and five at a subnational level.
Sustainable development, including environmental sustainability, is at the core of the World Bank Group’s strategy. Policy lending has been a major part of the World Bank’s lending operations for decades, but recently the number of policy lending operations with environmental goals has increased, supporting policy actions across a broad range of subsectors.
This Learning Product seeks to offer lessons from experience to help inform stakeholders on how to design and implement this instrument, outlining some of the tensions and tradeoffs that must be grappled with in design. The main audience is Bank operational teams helping governments to prepare and implement DPF with environmental goals.