World Bank Group World Bank Group
In Partnership with Republic of Korea Ministry of Strategy and Finance

Carbon Pricing in the words of Noble Laureate Joseph Stiglitz and Lord Nicholas Stern

Carbon Pricing in the words of Noble Laureate Joseph Stiglitz and Lord Nicholas Stern
Carbon pricing is an instrument that captures the external costs of greenhouse gas (GHG) emissions – the costs of emissions that the public pays for, such as damage to crops, health care cost from heat waves and droughts, and loss of property from flooding and sea level rise –and ties them to their source through a price, usually in the form of a price on the carbon dioxide emitted. A price on carbon helps shift the burden for the damage from GHG emissions back to those who are responsible for it and who can avoid it. Hear from the stalwarts, Noble Laureate Joseph Stiglitz and Lord Nicholas on the imperative need to price carbon.
  • Learning Mode: 
    Video
  • Topics: Carbon Pricing, Carbon Tax, Carbon Trading, Climate Change, Energy Risk Mitigation
  • GP/Global Themes: 
    Climate Change
  • keywords: 
    Carbon Markets, Mitigation, Paris Agreement, NDC, Climate Change, Tool, Assessment, Carbon Pricing, CPLC, Carbon Pricing Leadership Coalition, Disruptive technologies
  • Language: 
    English
  • Length: 
    9 mins 17 secs

Printed on:2 July 2022 - 06:57 AM