This report by Generation Foundation and Ecofys explores how carbon pricing affects global value chains across regions and sectors. It analyses GHG productivity (the ratio between the economic value created and GHG emissions along each stage in global value chains), derives the value at stake for goods and services consumed, and calculates the impacts that a global carbon price could have on consumer prices. The report was prepared under the Carbon Pricing Unlocked research partnership. The report is available to download from the Ecofys website.