Announced at COP24, the Chilean Minister of Finance, Felipe Larraín, and the Finnish Minister of Finance, Petteri Orpo, will co-lead the "Coalition of Finance Ministers for Climate Action".
Climate Action Peer Exchange (CAPE) is a forum for peer learning, knowledge sharing, and mutual advisory support. It brings together ministers and senior technical specialists from finance ministries across the world, as well as World Bank staff and other international experts, to discuss the fiscal challenges involved in implementing the Nationally Determined Contributions (NDCs) established under the 2015 Paris Agreement. CAPE is a contribution of the WBG to the NDC Partnership.
- Coalition of Finance Ministers for Climate Action
- A Conversation with Nicholas Stern
- A conversation with Ingrid Gabriela Hoven
- A conversation with Pedro Taques, Governor of Mato Grosso, Brazil
- Fiscal Policy to Support NDCs and Mobilize Green Investment (High Level Plenary)
- Fiscal Policy to Support NDCs and Mobilize Green Investment (Q&As).
- Carbon Tax for Ethiopia (Part 1).
- Carbon Tax for Ethiopia (Part 2) .
- Carbon Tax for Ethiopia (Part 3).
- Carbon Tax for Ethiopia (Part 4).
- Carbon Tax for South Africa (Part 1).
- Carbon Tax for South Africa (Part 2).
- Carbon Tax for South Africa (Part 3).
- Carbon Tax for South Africa (Part 4).
CAPE has 6 key focus areas. Here you can explore various challenges and opportunities as well as good practices under each focus area.
This is the quarterly updated CAPE event calendar. You can easily access the event summary of previous events and registration page for upcoming events (except for close-door events).
The CAPE Knowledge Center is a curation of publications, tools, and online resources for CAPE focus areas. You can click on one of the focus areas below to filter for all relevant resources.
19th November 2018, Singapore - The first official chapter of the Carbon Pricing Leadership Coalition, CPLC Singapore, was launched today by Global Compact Network Singapore (GCNS) and the Carbon Pricing Leadership Coalition (CPLC). Through this unique partnership, CPLC Singapore aims to encourage the private sector to collaborate through using internal carbon pricing as a mechanism to reduce emissions beyond Singapore’s upcoming carbon tax in 2019.
Convened and supported by the World Bank Group in 2015, CPLC aims to reduce greenhouse gas emissions worldwide through ambitious carbon pricing. Amidst CPLC’s long term objective of having carbon pricing be applied throughout the global economy, CPLC Singapore was formed to support and further the global cause. The Chapter’s formation also reflects the growing momentum for carbon pricing in Asia and the central role Singapore is playing in the region through CPLC Singapore.
A spokesman from National Climate Change Secretariat (NCCS) said, “The launch of CPLC Singapore is timely. There is greater urgency for everyone, including businesses to proactively mitigate climate-related risks such as by reducing carbon emissions. CPLC Singapore can help more businesses understand carbon pricing and how it needs to be part of their investment and operations decisions. In turn, businesses may achieve greater competitiveness, and contribute to a more sustainable future for all.“
Mr John Roome, Senior Director for Climate Change at the World Bank, said, "Through its recent adoption of a carbon tax, the government of Singapore is leading the ASEAN region in carbon pricing. CPLC Singapore will facilitate dialogue, knowledge sharing, and collaboration on carbon pricing among leaders of the private sector and government. This in turn will help encourage cleaner investments and reduced emissions.”
CPLC Singapore will focus on the business case for carbon pricing, and aims to offer leadership in emissions reduction through:
- Knowledge sharing;
- Targeted technical analysis;
- Public-private dialogues; and
- Setting of internal carbon pricing mechanisms.
Through such collaborations, the Chapter will facilitate dialogue between public and private sectors to provide policy inputs and resources. Additionally, CPLC Singapore will provide a deliberative space for companies to raise concerns, share success stories, and overcome carbon pricing implementation challenges.
Ms Goh Swee Chen, President of GCNS, said, “Putting a price on carbon allows a market based approach to emissions reduction. We are very pleased to announce the partnership between CPLC and GCNS to establish CPLC Singapore. This gives us an immediate platform to convene corporations and interested parties to collaborate and showcase model practices to achieve desired outcomes on emissions and associated climate challenges.”
Mr Gérard Mestrallet, CPLC High-Level Assembly Co-Chair, said, “The necessity of a carbon price is here. Through collaboration, companies can facilitate the implementation of efficient carbon prices and use internal pricing to minimize future climate risk. By building the business case for fair carbon pricing, CPLC Singapore will further low-carbon innovation in the country and the region.” Mr Mestrallet is also Chairman of SUEZ, and Honorary Chairman of ENGIE.