This event at COP 22/CMP 12 recognized how innovation is playing a key role in unlocking financial resources resulting in greater institutional capacity to fund activities that promote low-carbon growth and highly resilient communities. The event featured a thought leadership discussion on carbon pricing in collaboration with Microsoft.
Many governments and companies are applying a carbon price through the global economy by: strengthening carbon-pricing policies that help redirect investment toward meeting the climate challenge; implementing existing carbon pricing policies to better manage investment risks and opportunities; and sharing information, expertise and lessons learned on developing and implementing carbon pricing.
Roughly 40 countries and 20 cities, states and provinces, representing 22% of global emissions, have implemented or plan to implement carbon taxes or emission trading schemes. On the corporate front, there is growing support for carbon pricing, with more than 100 companies worldwide reporting to the Carbon Disclosure Project (CDP) that they use carbon pricing to manage their emissions.
• Emily Farnworth, Head of Climate Initiatives, World Economic Forum
• Tamara DiCaprio, Director of Environmental Sustainability, Microsoft
• John Roome, Senior Director for Climate Change, World Bank
• Paul Simpson, CEO, CDP
• Eduardo Bitran, Executive Vice-President, CORFO (Chilean Economic Development Agency)