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Report of the High-Level Commission on Carbon Prices

Policy Brief #16

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

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Report of the High-Level Commission on Carbon Prices Image

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

Harald Winkler
Energy Research Centre
University of Cape Town

P.R. Shukla
Indian Institute of Management

Elisabeth Moyer
Associate Professor
Department ofthe Geophysical Sciences
Universityof Chicago

Mari Pangestu
Professor of International Economics
University of Indonesia

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

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

Gaël Giraud
Chief Economist
AgenceFrançaise de Développement

Emilio Lèbre la Rovere
Executive Coordinator
Centerfor Integrated Studies on ClimateChange and the Environment

Youba Sokona
Intergovernmental Panel on Climate Change

Nicholas Stern
Asia Research Centre
London School of Economics

Joseph Stiglitz
Initiative for Policy Dialogue (IPD)

Joseph E. Stiglitz is 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 MarketCenter
Tsinghua University

Ottmar Edenhofer
Deputy Director and Chief Economist
Potsdam Institute for ClimateImpact Research