Carbon Pricing in the Americas
CPA is a Pan-American carbon-pricing collaborative and networking forum. We are a gathering of national and subnational governments and are supported by specialized institutions and not-for-profit organizations. CPA arose out of the “Paris declaration on Carbon Pricing in the Americas” that was endorsed in December 2017 by governments of Alberta, British Columbia, California, Canada, Colombia, Costa Rica, Chile, Mexico, Nova Scotia, Ontario, Québec, and Washington.
CPA was launched in April 2018 at the initiative of the Governments of Canada and Mexico, who then assumed its co-chairmanship. In 2021, during COP 26 in Glasgow, most of the original CPA members as well as new governments replaced the Paris Declaration by an updated version: the “Glasgow Declaration on Carbon Pricing in the Americas”.
In endorsing the Glasgow Declaration members commit to the following:
Implementing or pursuing the implementation of carbon pricing as a central economic and environmental policy instrument for ambitious climate change action and as a key component of a green recovery from the COVID-19 pandemic;
Working towards applying a cost of carbon to their public investment decisions, and encouraging private companies to do the same through internal carbon pricing;
Regularly increasing the level of carbon pricing in their economies to better reflect the ever-increasing cost of abatement action and the social cost of carbon to ensure that strong price signals are sent throughout their economies at the pace and scale required for transformational change;
Persuing the implementation of the CPA by:
Strengthening regional and international cooperation in an effort to share information, expertise, lessons learned and experiences;
Identifying opportunities to increase the alignment and linking of carbon pricing instruments and carbon markets;
*Encouraging synergies and coordination among the existing carbon pricing initiatives and forums that are active in the Americas.
