Carbon Pricing Leadership Coalition

Backgrounder

The Carbon Pricing Leadership Coalition (CPLC) is a voluntary initiative that supports and encourages successful implementation of carbon pricing around the world.

It was originally initiated by the World Bank at the 2014 United Nations Climate Change Summit in New York City, and officially launched at the Paris Climate Conference, COP21, at the end of 2015.

The goal of the CPLC is to expand the use of effective carbon pricing policies as a market mechanism to drive competitiveness, create jobs, encourage innovation, and deliver meaningful emissions reductions.

CPLC members agree to advance carbon pricing by working with each other towards the long‑term objective of a carbon price applied throughout the global economy by:

• Strengthening carbon pricing policies to redirect investment proportionate to the scale of the climate challenge;
• Bringing forward carbon pricing policies and strengthening existing ones to better manage investment risks and opportunities; and
• Enhancing cooperation to share information, expertise and best practices.

The CPLC uses evidence and experience to inform successful carbon pricing policy development and use of carbon pricing in businesses, and helps to deepen understanding of the business and economic cases for carbon pricing.

The group brings together leaders from government, business, and civil society to support the introduction of carbon pricing and accelerate the use of carbon pricing around the world.

CPLC private sector partners currently include BP, Coca Cola, Ernst & Young, Nestlé, Royal DSM, Sinopec, Shell, Unilever, and many more. Membership also includes 20 national governments, five subnational governments and over 30 strategic partners.

Related product

• Joint Statement on the Carbon Pricing Leadership Coalition

Hon. Catherine McKenna Environment and Climate Change Canada Nature and Environment