Report of the High-Level Commission on Carbon Prices (CPLC)

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This report prepared by the High-Level Commission on Carbon Prices with support of the Carbon Pricing Leadership Coalition (CPLC) and the Partnership for Market Readiness (PMR) identifies indicative corridors of carbon prices to guide the design of carbon pricing instruments and other climate policies, regulations, and measures to incentivize bold climate action and stimulate learning and innovation to deliver on the Paris Agreement and support the SDGs. The reports finds the explicit carbon-price level consistent with achieving commitments in the Paris Agreement to be at least US$40–80/tCO2 by 2020 and US$50–100/tCO2 by 2030, provided a supportive policy environment is in place. Depending on the national and local circumstances, countries may choose different instruments to implement these targets. The report is available to download on the CPLC website.