CINXE.COM

<!doctype html> <html lang="en"> <head> <meta http-equiv="X-UA-Compatible" content="IE=edge"> <meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1"> <meta name="description" content="Working together for better climate action: Carbon pricing, policy spillovers, and global climate goals"> <meta name="keywords" content="accessions, www.wto.org, World Trade Organization, world trade, global trade, trade disputes, ministerial, WTO publications, intellectual property, government procurement, goods, services, economic research, Statistics, OMC, about the WTO, trade, agriculture, textiles, services, intellectual property, anti-dumping, subsidies, environment, investment, research and analysis, international trade, trade topics, principles of the trading system"> <meta http-equiv="Content-Language" content="en"> <meta name="twitter:card" content="summary_large_image"> <meta name="twitter:site" content="@wto"> <meta name="twitter:creator" content="@wto"> <meta name="twitter:title" content="Working together for better climate action: Carbon pricing, policy spillovers, and global climate goals"> <meta name="twitter:description" content="The report of the Joint Task Force on Climate Action, Carbon Pricing and Policy Spillovers, with participation by the IMF, OECD, UNCTAD, World Bank and WTO, makes four main contributions to working together for better climate action."> <meta name="twitter:image" content="https://www.wto.org/images/img_bkshop/climate_action_e.jpg"> <meta property="og:url" content="https://www.wto.org/english/res_e/publications_e/climate_action_e.htm"> <meta property="og:type" content="article"> <meta property="og:title" content="World Trade Report 2024 - Trade and inclusiveness: How to make trade work for all"> <meta property="og:description" content="The report of the Joint Task Force on Climate Action, Carbon Pricing and Policy Spillovers, with participation by the IMF, OECD, UNCTAD, World Bank and WTO, makes four main contributions to working together for better climate action."> <meta property="og:image" content="http://www.wto.org/images/img_bkshop/climate_action_e.jpg"> <meta property="og:image:secure_url" content="https://www.wto.org/images/img_bkshop/climate_action_e.jpg"> <meta property="og:image:type" content="image/jpeg"> <title id="headPageTitle">WTO | Working together for better climate action: Carbon pricing, policy spillovers, and global climate goals</title> <script language="Javascript1.2" type="text/javascript" src="/library/imrdlib.js"></script> <script language="Javascript1.2" type="text/javascript" src="/library/wtomenus/jquery.min.js"></script> <script language="Javascript1.2" type="text/javascript" src="/library/wtomenus/jkmegamenu.js"></script> <script language="javascript1.2" type="text/javascript" src="/library/wtomenus/common_data_e.js"></script> <script language="Javascript1.2" type="text/javascript" src="/library/countrylib.js"></script> <script language="Javascript1.2" type="text/javascript" src="/library/news/news_vars_e.js"></script>   <script language="Javascript1.2" type="text/javascript"> //var now = new Date(); //LOAD PHOTO GALLERY ARRAY CURRENT AND LAST YEAR, UN COMMENT ONLY IF YOU WANT TO USE //document.write("<script language=\"Javascript1.2\" type=\"text/javascript\" src=\"/library/photo_gallery/photo_gallery_" + (now.getFullYear()-1) + ".js\"><\/script>"); //document.write("<script language=\"Javascript1.2\" type=\"text/javascript\" src=\"/library/photo_gallery/photo_gallery_" + now.getFullYear() + ".js\"><\/script>"); //load News gallery array current and last year //document.write("<script language=\"Javascript1.2\" type=\"text/javascript\" src=\"/library/news/news_" + (now.getFullYear()-1) + "_e.js\"><\/script>"); //document.write("<script language=\"Javascript1.2\" type=\"text/javascript\" src=\"/library/news/news_" + now.getFullYear() + "_e.js\"><\/script>"); </script>     <link rel="stylesheet" type="text/css" href="/library/styles/wto.css">    <script language="JavaScript1.2" type="text/javascript">  </script> </head>  <script async="" src="https://www.googletagmanager.com/gtag/js?id=G-4C48KGVJMD"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-4C48KGVJMD'); </script> <body> <div id="page" class="pagestyle">  <div id="banner"> <noscript> <h1>WORLD TRADE ORGANIZATION</h1> <p class="menudefaulttext"><a href="http://www.wto.org/index.htm" class="menudefaulttext">Home</a>  |  <a href="http://www.wto.org/english/thewto_e/thewto_e.htm" class="menudefaulttext">About WTO</a>  |  <a href="http://www.wto.org/english/news_e/news_e.htm" class="menudefaulttext">News & events</a>  |  <a href="http://www.wto.org/english/tratop_e/tratop_e.htm" class="menudefaulttext">Trade topics</a>  |  <a href="http://www.wto.org/english/thewto_e/whatis_e/tif_e/org6_e.htm" class="menudefaulttext">WTO membership</a>  |  <a href="http://www.wto.org/english/res_e/res_e.htm" class="menudefaulttext">Documents & resources</a>  |  <a href="http://www.wto.org/english/forums_e/forums_e.htm" class="menudefaulttext">External relations</a></p> <p class="bannertoptext"><a href="http://www.wto.org/english/info_e/cont_e.htm" class="bannertoptext">Contact us</a>  |  <a href="http://www.wto.org/english/info_e/site2_e.htm" class="bannertoptext">Site map</a>  |  <a href="http://www.wto.org/english/info_e/site_e.htm" class="bannertoptext">A-Z</a>  |  <a href="http://search.wto.org/search?site=English_website&proxystylesheet=english_frontend&output=xml_no_dtd&client=english_frontend&proxycustom=%3CADVANCED/%3E&numgm=5" class="bannertoptext">Search</a></p> </noscript> </div>   <div id="mainContainer"> <a name="skip" id="skip"></a> <noscript> <p class="menulanguagetext" align="right"><a class="menulanguagetext" href="/spanish/res_s/publications_s/climate_action_s.htm">espa駉l</a>  <a class="menulanguagetext" href="/french/res_f/publications_f/climate_action_f.htm">fran鏰is</a></p> </noscript> <div id="breadcrumbsDiv"><ol><li><a href="/index.htm">home</a></li><li><a href="/english/res_e/res_e.htm">documents, data and resources</a></li><li><a href="/english/res_e/publications_e/publications_e.htm">publications</a></li><li><a href="/english/res_e/publications_e/publications_e.htm">key publications</a></li> <li><span>working together for better climate action: carbon pricing, policy spillovers, and global climate goals</span></li></ol></div> <div class="introDiv"> <div class="introTextDiv"> <p class="kickertext">Publications</p> <h1 id="introH1">Working together for better climate action: Carbon pricing, policy spillovers, and global climate goals</h1> <p class="paralargetext">The report of the Joint Task Force on Climate Action, Carbon Pricing and Policy Spillovers, with participation by the IMF, OECD, UNCTAD, World Bank and WTO, makes four main contributions to working together for better climate action.</p> </div> </div> <div class="mainDiv"> <div class="leftCol">  </div> <div class="centerCol" id="mainContent"> <p>First, it reflects on a common understanding of carbon pricing metrics, highlighting the incentives to decarbonize and cross-country variation in carbon prices, a key determinant of international spillover effects and competitiveness concerns. Second, the report analyzes the appropriate mixes of climate change mitigation policies, emphasizing the pivotal role of carbon pricing as the only policy implementing the polluter pays principle while generating revenues. </p> <p>Third, it analyzes how international organizations can support the coordination of policies to maximize positive and limit negative cross-border spillovers from climate change mitigation policies. Finally, it discusses how such coordination can help to scale up climate action by closing the transparency gap (by countries agreeing on enhanced reporting and transparency of their policy and economic environment related to climate change mitigation), the implementation gap (by countries agreeing to implement certain policies and policy instruments, such as fossil fuel subsidy reform) and the ambition gap (by countries coordinating on enhanced levels of ambition, ideally along with the policies to achieve these goals).</p> <p>Published in 2024.</p> <p class="mt10"><a href="/english/res_e/booksp_e/climate_action_e.pdf" target="_blank" data-content="opens in a new window" data-toggle="tooltip" class="btn btn-sm btn-blue" title="" data-original-title="opens in a new window">Download pdf <i class="icon-download"></i></a></p> </div> <div class="rightCol">  <h2 class="h3 mt0">Share</h2> <script type="text/javascript">showShareButton();</script> <hr> <p>  </p>  <div class="well"> <a href="/english/res_e/booksp_e/climate_action_e.pdf" target="_blank" data-content="opens in a new window" data-toggle="tooltip" title="" data-original-title="opens in a new window"><img alt="" src="/images/img_bkshop/climate_action_e.jpg" class="img-responsive"></a> <p>Download full publication</p> <p class="mt10"><a href="/english/res_e/booksp_e/climate_action_e.pdf" target="_blank" data-content="opens in a new window" data-toggle="tooltip" class="btn btn-sm btn-blue" title="" data-original-title="opens in a new window">Download <i class="icon-download"></i></a></p> <p>Order printed copy</p> <p class="mt10"><a href="https://onlinebookshop.wto.org/shop/article_details.asp?Id_Article=964" target="_blank" data-content="opens in a new window" data-toggle="tooltip" class="btn btn-sm btn-blue" title="opens in a new window">Order <i class="icon-cart"></i></a></p> <p>See news item</p> <p class="mt10"><a href="/english/news_e/news24_e/igo_24oct24_e.htm" class="btn btn-blue" >News item <i class="icon-publication"></i></a></p> </div>  <div class="panel panel-default panel-problems"> <div class="panel-body"> <p><strong>Problems viewing this page?</strong> If so, please contact <a href="javascript:emailWTO('webmaster@wto.org', 'WTO error - Problem with page')" class="link-blue"><span class="__cf_email__" data-cfemail="5d2a383f303c2e29382f1d2a293273322f3a">[email protected]</span></a> giving details of the operating system and web browser you are using.</p> </div> </div>  </div> </div> </div>   <div id="footer"></div>  </div>  <div id="lightbox" class="lightbox" style="position:fixed; top:0px; left:0px; width:100%; height:100%" tabindex="0" onclick="javascript:hideLightBox()"></div>  <script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script><script language="javascript1.2" src="/library/wtomenus/loader_wide_2011.js" type="text/javascript"></script>    <form action="http://docsonline.wto.org/imrd/gen_redirectSearch.asp" method="post" name="hiddenform" target="new"> <input type="hidden" name="query" value=""> <input type="hidden" name="language" value=""> </form> <script>(function(){function c(){var b=a.contentDocument||a.contentWindow.document;if(b){var d=b.createElement('script');d.innerHTML="window.__CF$cv$params={r:'91351fd5ee66fde6',t:'MTczOTc4ODQ2MC4wMDAwMDA='};var a=document.createElement('script');a.nonce='';a.src='/cdn-cgi/challenge-platform/scripts/jsd/main.js';document.getElementsByTagName('head')[0].appendChild(a);";b.getElementsByTagName('head')[0].appendChild(d)}}if(document.body){var a=document.createElement('iframe');a.height=1;a.width=1;a.style.position='absolute';a.style.top=0;a.style.left=0;a.style.border='none';a.style.visibility='hidden';document.body.appendChild(a);if('loading'!==document.readyState)c();else if(window.addEventListener)document.addEventListener('DOMContentLoaded',c);else{var e=document.onreadystatechange||function(){};document.onreadystatechange=function(b){e(b);'loading'!==document.readyState&&(document.onreadystatechange=e,c())}}}})();</script></body> </html>