Last year brought highs and lows in the global effort to confront climate change. On one hand, we saw an upsurge in international commitment to action, including deals announced at the extraordinary One Planet Summit that marked two years since the signing of the Paris Agreement. On the other, 2017 was marked by the devastation...

This report concludes that a strong carbon-price is necessary to meet the world’s agreed climate goals in the most cost-effective way while fostering growth.