The fifth Carbon Pricing Leadership Report highlights examples of leadership in the field of carbon pricing in 2020/21. It also covers the activities of the Carbon Pricing Leadership Coalition during the year. The intention is to inspire governments, business leaders, and other relevant stakeholders from around the world to use carbon pricing as a tool for effective climate action in support of sustainable development.

Carbon pricing is becoming increasingly recognized as an essential tool in the policy mix for pursuing net carbon neutrality. Collective action is needed to reach the Paris Agreement target of reducing global warming to 1.5°C by 2050. Adopting a net-zero approach can support these efforts and ensure company targets are aligned with national and international goals. Carbon pricing is a practical means of driving the path to carbon neutrality.

The task force brings together perspectives from governments, industry investors, and civil society. It focuses on three key areas, namely clarifying the underlying concepts that define the path to net-zero, outlining how corporate targets and national country targets align with the global net-zero goal, and harnessing carbon pricing policies and measures as integral strategies to enable the achievement of actions in line with net-zero pathways by 2050.