Yale Is First University to Join Global Carbon Pricing Leadership Coalition

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Yale will become the fi rst university member of the Carbon Pricing Leadership Coalition (CPLC), a private public partnership among the World Bank, International Monetary Fund (IMF), governments, nonprofits and private sector companies to strengthen carbon pricing policies through the development of a network for sharing best practices. World Bank president Jim Yong Kim and IMF managing director Christine Lagarde launched the CPLC at the recent COP-21 climate summit in Paris. The CPLC coalition includes over 90 business and strategic partners as well as more than 20 governments.

“Universities have a critical role to play in offering leadership, teaching, and research expertise to help develop effective climate change solutions,” said President Peter Salovey. “I am pleased that our Carbon Charge Project has generated international interest. The CPLC’s network gives Yale the opportunity to work with and learn from companies and governments engaged in similar carbon-pricing efforts. It will help our staff improve operations and inspire our students and faculty to conduct relevant research — and to engage in collaborative exchange. I also hope that Yale’s CPLC membership will encourage our university peers to contribute to the global effort toward developing effective carbon pricing mechanisms.”

“Carbon charges have emerged as a critical tool for promoting sustainability in the 21st century,” said Daniel Esty, the Hillhouse Professor of Environmental Law and Policy. “Yale is at the forefront of what I believe will be an important policy dimension of the global response to climate change.”

“By linking the teaching and research expertise of our faculty and students with Yale’s sustainability and energy operations,” said Bradford Gentry, co-chair of Yale’s Sustainability Advisory Council, “we can use our campus as a living laboratory whereby carbon pricing becomes both an administrative function as well as an incredible educational opportunity.”

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