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Leaders Aim to Put a Price on Half of All Global Carbon Emissions

World Bank – “Ten leaders, including Chancellor of the Federal Republic of Germany Angela Merkel, Mexican President Enrique Peña Nieto, and World Bank Group President Jim Yong Kim, have laid out goals in a joint vision statement to expand carbon pricing to cover 25 percent of global emissions by 2020, and achieve 50 percent coverage within the next decade. Currently, some 40 governments and 23 cities, states and regions put a price on carbon pollution, accounting for 12 percent of annual global greenhouse gas emissions. This marks a three-fold increase over the past decade.   And as Bank Group President Kim noted at a high level assembly on carbon pricing, at the Spring Meetings of the World Bank Group, more action is needed on carbon pricing to help halt global warming and spur more investments into clean technologies…”

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