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Report of the High-Level Commission on Carbon Prices

Nicholas Stern, Joseph Stiglitz, Maosheng Duan, Ottmar Edenhofer, Gaël Giraud, Geoffrey Heal, Emilio Lèbre la Rovere, Adele Morris, Elisabeth Moyer, Mari Pangestu, P.R. Shukla, Youba Sokona, Harald Winkler

Paper  3.3mb pdf

The purpose of this Commission is to explore explicit carbon-pricing
options and levels that would induce the change in behaviors—
particularly in those driving the investments in infrastructure,
technology, and equipment—needed to deliver on the temperature
objective of the Paris Agreement, in a way that fosters economic
growth and development, as expressed in the Sustainable
Development Goals (SDGs). This report does not focus on the
estimation and evaluation of the climate change impacts that would
be avoided by reducing carbon emissions. While the Commission also
covers other policies relevant and important to carbon-pricing design
and delivery on the Paris agreement, its primary focus is on pricing. 

About the Authors

Nicholas Stern
Asia Research Centre
London School of Economics

Joseph Stiglitz
Initiative for Policy Dialogue (IPD)

Joseph E. Stiglitz is co-President of the Initiative for Policy Dialogue, and Chairman of the Committee on Global Thought at Columbia University. He is University Professor at Columbia, teaching in its Economics Department, its Business School, and its School of International and Public Affairs. He chaired the UN Commission of Experts on Reforms of the International Monetary and Financial System, created in the aftermath of the financial crisis by the President of the General Assembly. He is former Chief Economist and Senior Vice-President of the World Bank and Chairman of President Clinton’s Council of Economic Advisors. He was awarded the Nobel Memorial Prize in Economics in 2001.

Maosheng Duan
Director of China Carbon Market Center
Tsinghua University

Ottmar Edenhofer
Deputy Director and Chief Economist
Potsdam Institute for Climate Impact Research

Gaël Giraud
Chief Economist
Agence Française de Développement

Geoffrey Heal
Paul Garrett Professor of Public Policy and Business Responsibility
Columbia University

Emilio Lèbre la Rovere
Executive Coordinator
Center for Integrated Studies on Climate Change and the Environment

Adele Morris
Senior Fellow and Policy Director
Climate and Energy Economics
Brookings Institution

Elisabeth Moyer
Associate Professor
Department of the Geophysical Sciences
University of Chicago

Mari Pangestu
Professor of International Economics
University of Indonesia

Youba Sokona
Intergovernmental Panel on Climate Change

Harald Winkler
Energy Research Centre
University of Cape Town