How we know carbon pricing really works

The document asserts that carbon pricing is the most efficient method to stimulate technology investment and fuel switching from coal to gas. It highlights how Norway's carbon tax, exceeding US$65 per ton, enabled Statoil to prioritize carbon capture and storage (CCS), leading to the injection of 20 million tons of CO2 to date and the capture of approximately 1.5 million tons of CO2 in 2013.

• Carbon pricing is described as the most efficient and effective mechanism for stimulating technology investments, encouraging a shift from coal to gas, and reducing global warming emissions. The author advocates for a framework to link existing carbon trading systems to move toward a harmonized global carbon price.
• The Norwegian carbon tax, which has existed for over 20 years and costs more than US$65 per ton of carbon emissions, has directly influenced Statoil's investment decisions and its leadership in carbon efficiency and carbon capture and storage (CCS).
• Statoil has demonstrated the feasibility of large-scale CO2 storage, injecting 20 million tons of CO2 to date. In 2013, the company captured approximately 1.5 million tons of CO2, an amount equivalent to the emissions from all cars in Oslo, Stavanger, and Bergen.

APA

Sætre, E. (2015). How we know carbon pricing really works. World Economic Forum. https://www.weforum.org/stories/energy-transition/how-we-know-carbon-pricing-really-works/

Chicago

Sætre, Eldar. How we know carbon pricing really works. World Economic Forum, 2015. https://www.weforum.org/stories/energy-transition/how-we-know-carbon-pricing-really-works/.

Wikipedia

{{cite press release |last1=Sætre |first1=Eldar |title=How we know carbon pricing really works |publisher=World Economic Forum |date=8 June 2015 |url=https://www.weforum.org/stories/energy-transition/how-we-know-carbon-pricing-really-works/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{stre2015how, author = {Sætre, Eldar}, title = {{How we know carbon pricing really works}}, publisher = {World Economic Forum}, year = {2015}, month = jun, url = {https://www.weforum.org/stories/energy-transition/how-we-know-carbon-pricing-really-works/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }