Prof. Dr. Ottmar Edenhofer
Director, MCC; Deputy Director & Chief Economist, PIK
Kurt Bock, Chair B20 Energy
Climate & Ressource EfficiencyMinister of Environment
CEO, European Climate Foundation (ECF)
How can carbon pricing mechanisms support innovation and job creation and help shape structural change?
There are a growing number of policy options and instruments that serve as incentives for the build-up of sustainable energy infrastructure with renewables and efficiency, thus shifting the economy towards a low carbon pathway. An increasing number of countries are in the process of introducing carbon pricing and other innovative instruments to reduce greenhouse gas emissions effectively. With a view to addressing climate change, more businesses and non-governmental actors are joining the call for a price on carbon.
The Federation of German Industries (BDI), the NGO Germanwatch (GW) and the Mercator Research Institute on Global Commons and Climate Change (MCC) are joining forces to urge the G20 countries to introduce carbon pricing as a means to achieve the climate goals set forth in the Paris Agreement. This session presents the unusual alliance between industry, civil society and research and sheds light on the progress made in introducing carbon regulation. It further explores how adequate carbon pricing can create additional income streams to finance the deployment of sustainable infrastructure, such as capital-intensive renewable energy efficiency measures. It further discusses how carbon pricing mechanisms can support innovation, job creation and help shape structural change from business and trade union perspectives.