…From the World Bank

Released in June, a World Bank report presents “simulated case studies” of Brazil, China, India, Mexico, the United States and the European Union. It examines the benefits of implementing three sets of policies on clean transportation, energy efficiency in industry, and energy efficiency in buildings. The report introduces a new macroeconomic modeling framework that can incorporate socioeconomic benefits such as public health and environmental externalities. See Climate-Smart Development: Adding Up the Benefits of Actions that Help Build Prosperity, End Poverty and Combat Climate Change at: http://www.worldbank.org/en/news/feature/2014/06/23/study-adds-up-benefits-climate-smart-development-lives-jobs-gdp. The World Bank has also praised British Columbia, along with Sweden, California, and even China for their carbon pricing initiatives in “What does Carbon Pricing Success Look Like? (September 18) at: http://www.worldbank.org/en/news/feature/2014/09/18/what-does-carbon-pricing-success-look-like-ask-the-leaders, along with a June 3 2014 Statement, Putting a Price on Carbon, at: http://www.worldbank.org/en/programs/pricing-carbon



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