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141917 k for Reconstruction and Development / the World Bank 1818 H Street NWWashington DC 20433Telephone: 202-473-1000Internet: vnvw worldbank.orgThis repor

t of the High-Level Commission on Carbon Pricing and Competitiveness, a group of business leaders and and other eminent leaders from the public sector 141917

and academia convened by the Carbon Pricing Leadership Coalition (CPLC). was supported by staff of the International Bank for Reconstruction and Deve

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lopment / International Development Association / International Finance Corporation (the World Bank Group). It represents the collective views of the

141917 and civil society organizations that agree to advance the carbon pricing agenda. The CPLC secretariat is administered by the World Bank Group.The find

ings, interpretations, and conclusions expressed by World Bank Group Staff or external conừibutors in this work do not reflect the views of the World 141917

Bank Group, its Board of Executive Directors, or the governments they represent.The World Bank Group does not guarantee the accuracy of the data inclu

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ded in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of

141917 al in this work is subject to copyright. Because the World Bank Group encourages dissemination of its knowledge, this work may be reproduced, in whole

or in part, for noncommercial purposes as long as full attribution to this work is given.Please cite the work as follows: World Bank Group. 2019. Rep 141917

ort of the High-Level Commission on Carbon Pricing and Competitiveness. World Bank Group. Washington. D.c.All queries on rights and licenses should be

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addressed to the Publishing and Knowledge Division, the World Bank Group. 1818 H street NW. Washington. DC 20433. USA; fax: +2-202-522-2625; e-mail:

141917 and Comp4«lr»sn»44ACKNOWLEDGEMENTSThe Commission was supported by the Carbon Pricing Leadership Coalition (CPLC), a World Bank Group initiative. The

project was managed by Angela Churie Kallhauge under the guidance of John Roome and AJzbcta Klein. The team comprised Janet Peace as lead author and a 141917

dvisor (Center for Climate and Energy Solutions (C2ES). Daniel Bosley. Erika Rhoades, Namrata Patodia Rastogi. and Neeraj Prasad. Support was also pro

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vided by Isabel Saldarriaga Arango. Marissa Santikarn. Elizabeth Medb Lewis. Hlazo Mkandawire. Thomas Erb and the team from the World Bank's Carbon Pr

141917 Acworth (ICAP), Nicolette Bartlett (CDP), Emily Farnworth (Work! Economic Forum), Dirk Forrister (IETA), Marina Grossi (CEBDS), David Hone (Shell), N

athaniel Keohane (EDF), Helen Mountford (WRI), Steve Nicholls (National Business Initiative, South Africa), Mandy Rambharos (Eskom), Kathleen Rich (Ma 141917

nitoba Sustainable Development). Johan Rockstròm (Stockholm Resilience Centre), Bob Ward (Grantham Research Institute on Climate Change and the Enviro

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nment. London School of Economics and Political Science), and Kelley Kizzier (EDF).The Commission extends Its gratitude to BCSD Portugal; Department o

141917 ore for their assistance in hosting the regional consultations held in Lisbon, Portugal, in April 2019; Johannesburg. South Africa, in May 2019; and S

ingapore In June 2019. The Commission would also like to thank all the participants of the regional consultations.The Commission extends their gratitu 141917

de to the following reviewers from the World Bank Group for their valuable comments and feedback: Jonathan Cooney. Thomas Flochcl, Leonardo laocovone,

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Tom Kerr, Gzrcgorz Pcszko, and Marcelo Mena.The report was edited by Clarity Editorial (Cape Town) and the graphic design is by Daniel Martinez (Dani

141917 tCONTENTSTh® Commissionn 6I.Key Findings// 8II.Purpose. Scope and Methodology//10III.Context and Background//11