Surprise in Paris

from CCL@COP21:eiffel-tower-580x358carbon pricing in Paris

Inspired by the Citizens Climate Lobby and spearheaded by the World Bank, the Carbon Pricing Leadership Coalition (CPLC – Lord, these acronyms!!) is a new global organization made up of U.N. agencies, 12 national governments (including Canada, Germany, France, Belgium, Italy and Switzerland and Spain), five subnational governments (Quebec, British Columbia, Alberta, Ontario and California) and more than 60 businesses (including BP, Enel, and Shell). The goal of CPLC is to add carbon pricing to all national strategies by 2020, to ensure the most cost-effective way to implement a true global response to climate disruption.

“Most people assume that the formal agreement with legal decisions voted on by governments is the obvious final outcome of the conference. However, it [the outcome] is not so much an agreement, as a package.”

There are really four “pillars” to the COP21 process:

  1. The text of the agreement, and various legal decisions of the 196 nations that have ratified the 1992 UN Framework Convention on Climate Change;
  2. The “INDC’s” (“intended, nationally-determined contributions”)
  3. The agreed-upon financial mechanisms
  4. The action platforms for implementing these ambitious goals.           One of those action platforms is the Carbon Pricing Leadership Coalition. Its launch yesterday was the first time in U.N. climate talk history that heads of state have agreed to sit at the same table as non-governmental agencies and businesses – including oil company executives – to decide how to deploy carbon-pricing solutions across the world by 2020. That mission is endorsed by, not only the World Bank, but by the International Monetary Fund (IMF), the Organization for Economic Cooperation and Development (OECD), and the United Nations Framework Convention on Climate Change (UNFCCC).
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