A Call for Effective, Efficient and Equitable Carbon Pricing in the Paris Outcome
Dear [COP21 Delegate],
You have a unique opportunity and responsibility that has never existed before.
For the first time in history local communities, regional and national governments, civil society, leaders of business and multilateral institutions are convening in unprecedented alliances to urge countries and companies around the world to put a price on carbon. As a result, the discussion is moving beyond if carbon should be priced, to how carbon will be priced.
Any outcome adopted at the upcoming COP21 must successfully lay the foundations for how we, as a community of nations, address the key drivers of climate change—including the economy. Carbon pricing is a critical strategy for accelerating economic correction, achieving emissions reductions, and creating an enabling environment for climate finance and long-term resilient growth.
Although our priorities are diverse, we, the undersigned, agree that to address the fundamental economic drivers of climate change the final agreement must contain principles and elements to guide Member States in developing and deploying effective, efficient and equitable carbon pricing (E3CP) policies:
- Effective in reducing economy-wide absolute emissions while supporting domestic economic growth across all sectors.
- Efficient at minimizing the cost of implementation while maximizing environmental, economic and social co-benefits.
- Equitable by avoiding disproportionate burdens and protecting vulnerable populations from unjust or negative economic or environmental impacts while building economic value at the human scale for individuals and their communities.
E3CP will send a crucial, long-term political and economic signal to motivate developed and developing countries to better address the drivers of climate change through their national efforts. E3CP will provide the private-sector with the clear price signals necessary for climate-smart investment decisions and ensure adaptation and mitigation funding and investment go further with greater impact. E3CP will increase effectiveness of financial flows and lead to greater resource availability and economic empowerment within developing nations. Ultimately, E3CP can save lives, reduce conflict and improve the well-being of future generations.
We ask you to support and strengthen the current language on carbon pricing and ensure the basic elements, principles and fundamental instruments of efficient, effective and equitable carbon pricing are included in the Paris COP21 outcome.
This cannot and should not be deferred to future negotiations. We call upon you to act now, and we stand ready to support you in ensuring a strong outcome that benefits all nations and addresses the core economic drivers of climate change.
Legislative Secretary Sustainable Energy and Environment Friends Committee on National Legislation
Chair Én Verden – WFM Norway
Executive Director, republicEn.org
Executive Director Citizens for Global Solutions
President, Conservatives for Responsible Stewardship
Executive Director KyotoUSA
Executive Director Clean Coalition
President, The Rachel Carson Council
Executive Director, Citizens’ Climate Lobby
Joseph E. Schwartzberg
Director, The Workable World Trust
Chair, Elders Climate Action
President and CEO Future 500
George P. Shultz
Distinguished Fellow, Hoover Institution, Stanford University; Former U.S. Secretary of State
President, Niskanen Center
Catherine Thomasson, MD
Executive Director, Physicians for Social Responsibility
Executive Director, Environmental and Energy Study Institute