France and Ethiopia calling for a price on carbon
François Hollande, President of the French Republic, and Hailemariam Dessalegn, Prime Minister of Ethiopia, have called countries and companies around the globe to put a price on carbon, in a press release of the Carbon Pricing Panel.
This panel has been convened by World Bank Group President Jim Yong Kim and IMF Managing Director Christine Lagarde - to spur further, faster action ahead of the Paris climate talks. It includes several Heads of State and Mayors of cities involved in the fight against climate disruption.
These global leaders are calling on their peers to join them in pricing carbon to fight global warming. The private sector will support this initiative through the launch of the Carbon Pricing Leadership Coalition, in Paris on November 30, 2015
Around the world, about 40 nations and 23 cities, states and regions have implemented or are putting a price on carbon with programs and mechanisms covering about 12% of global greenhouse gas emissions.
Statement of François Hollande, President of the French Republic
"If we really want to send market signals to enable enterprises to make their decisions under optimal economic conditions, which may be optimal ecological conditions, then the issue of carbon prices inevitably arises as it is the most tangible signal that can be sent to all economic actors. I am aware of the fears created by this notion of carbon pricing, particularly among the most carbon- intensive industries, which have concerns, and rightly so, over their competitiveness. We must therefore act with resolve. Countries, big countries such as China, are already setting carbon prices. Europe already has a carbon market.”
Statement of Hailemariam Dessalegn, Prime Minister of Ethiopia
"Like many nations, Ethiopia has much to gain from early action on climate change - and much to lose if we collectively fail to act. We are rapidly developing a diverse portfolio of renewable energy resources, have been generating results from large scale programs to rehabilitate landscapes for increased agricultural productivity, resilience and carbon storage, and have shown the world that carbon funds can be put to productive use cutting emissions by regenerating forest cover, and improving people’s lives and livelihoods. A carbon price can be a win-win, not just for nations like Ethiopia, but for the entire planet, provided that it is coordinated and its incidence does not unduly fall on the poor.”