The Monash/C2Zero Real Carbon Price Index
The price of carbon emissions is a key driver in the global transition to a cleaner future. However, carbon prices vary widely across different jurisdictions, and global trends have been obfuscated. To bring greater clarity to policy-makers, researchers, investors, and the public at large, an international collaboration of experts in carbon markets and financial indices from Monash, C2Zero and SparkChange came together to develop the Real Carbon Price Index in 2021. The Index allows individuals and organisations to understand the costs around remediating their impact. It allows policymakers, regulators and governments to benchmark their position and progress. And it shows who the leaders and laggards are when it comes to climate change and sets base levels for new entrants and new activities.