The objective of this report is to assess how best to develop carbon pricing policies that achieve a transition to a low carbon economy without compromising the ability of national industries to compete internationally.
The assessment is based on a survey of the current policy environment, new research quantifying the impacts of climate change policies on member companies, a series of interviews with members and an assessment of policies based on ICMM's Principles for climate change policy design.
The geographic regions analyzed include the European Union (EU), South Africa, Australia, Canada and the US, as well as sub-national jurisdictions within the US and Canada, namely California, Quebec and British Columbia. These are regions where ICMM member companies have a significantproduction presence and where there are climate policies currently in place or under development.
Four commodities are included in the analysis: iron ore, copper, aluminium and coal. These commodities encompass a range of widely produced and used outputs and a variety of extraction and production techniques in a number of locations globally.