The Carbon Pricing Score (CPS) answers the question of how far countries have attained the goal of pricing all energy related carbon emissions in line with carbon costs. The carbon price signal stems from the Effective Carbon Rate (ECR) - the sum of fuel excise taxes, carbon taxes and tradeable permits that effectively put a price on carbon emissions. Progress with carbon pricing is discussed against three benchmarks. The more progress a country has made towards the relevant benchmark value, the higher the CPS. For example, a CPS of 100% against a EUR 60 per tonne CO2 benchmark (CPS60) means that a country or the group of countries prices all carbon emissions from energy use at EUR 60 or more. A CPS of 0% means that the country prices no emissions at all. An intermediate CPS between 0% and 100% means that some emissions are priced, but that not all emissions are priced at a level that equals or exceeds the benchmark.
Companion dataset to Effective Carbon Rates (ECR). ECRs measure carbon pricing of CO2-emissions from energy use in more than 70 countries, including 45 OECD and G20 countries, covering over 80% of world emissions. The dataset provides a comprehensive view on carbon pricing, including fuel excise taxes, carbon taxes and tradable emission permit prices. For additional information, see the latest Effective Carbon Rates report. Annex A of the first publication of Effective Carbon Rates (OECD, 2016) provides a detailed description of the methodology for calculating ECRs.