For the following data, all figures should be taken as indicative only, and are based on the following assumptions:
- the CDT is introduced in 2021 in every jurisdiction globally
- the rate is increased as described in the report: introduced at $5 per tonne of CO2e, then increasing by $5 per tonne of CO2e each year until 2030, when it will be reviewed with the expectation of increasing by $10 each year up to 2050.
- the fossil fuel phase out follows the average of pathways P1, P2 and P3 in the IPCC Special Report on 1.5°C
- countries do not shift between income brackets or change their share of each fossil fuel usage globally over time
For the full methodology and sources, please see the report Appendix.
Potential CDT revenues globally by year
|
Year |
Just Transition revenues ($bn) |
Loss and Damage revenues ($bn) |
Total CDT revenues ($bn) |
|---|---|---|---|
|
2021 |
141 |
69 |
210 |
|
2022 |
256 |
125 |
381 |
|
2023 |
349 |
171 |
520 |
|
2024 |
423 |
207 |
631 |
|
2025 |
481 |
236 |
717 |
|
2026 |
526 |
258 |
783 |
|
2027 |
559 |
274 |
833 |
|
2028 |
582 |
285 |
867 |
|
2029 |
597 |
292 |
889 |
|
2030 |
605 |
296 |
902 |
|
2031 |
663 |
325 |
988 |
|
2032 |
706 |
346 |
1,052 |
|
2033 |
738 |
361 |
1,099 |
|
2034 |
759 |
372 |
1,130 |
|
2035 |
771 |
378 |
1,149 |
|
2036 |
777 |
380 |
1,157 |
|
2037 |
776 |
380 |
1,157 |
|
2038 |
771 |
378 |
1,149 |
|
2039 |
762 |
373 |
1,135 |
|
2040 |
749 |
367 |
1,116 |
|
2041 |
734 |
359 |
1,093 |
|
2042 |
717 |
351 |
1,068 |
|
2043 |
698 |
342 |
1,040 |
|
2044 |
678 |
332 |
1,010 |
|
2045 |
658 |
322 |
980 |
|
2046 |
637 |
312 |
948 |
|
2047 |
615 |
301 |
916 |
|
2048 |
594 |
291 |
884 |
|
2049 |
572 |
280 |
853 |
|
2050 |
551 |
270 |
821 |
Potential CDT revenues across all countries in 2021
|
|
Just Transition revenues remitted to governments for domestic use ($m) |
Loss and Damage revenues contributed to solidarity fund by fossil fuel extractors due to extraction activity within country ($m) |
Total ($m) |
|---|---|---|---|
|
US |
12,789 |
12,789 |
25,578 |
|
Canada |
3,034 |
3,034 |
6,068 |
|
Mexico |
1,514 |
649 |
2,163 |
|
Total North America |
17,337 |
16,472 |
33,809 |
|
Argentina |
386 |
386 |
772 |
|
Bolivia |
170 |
0 |
170 |
|
Brazil |
1,732 |
742 |
2,474 |
|
Colombia |
1,413 |
605 |
2,018 |
|
Ecuador |
294 |
126 |
419 |
|
Peru |
146 |
62 |
208 |
|
Trinidad & Tobago |
200 |
200 |
401 |
|
Venezuela |
1,381 |
592 |
1,973 |
|
Other S. & Cent. America |
118 |
51 |
168 |
|
Total S. & Cent. America |
5,839 |
2,765 |
8,604 |
|
|
|
|
|
|
Bulgaria |
339 |
145 |
484 |
|
Czech Republic |
316 |
316 |
632 |
|
Denmark |
75 |
75 |
149 |
|
Germany |
1,263 |
1,263 |
2,525 |
|
Greece |
266 |
266 |
532 |
|
Hungary |
56 |
56 |
112 |
|
Italy |
57 |
57 |
114 |
|
Netherlands |
182 |
182 |
364 |
|
Norway |
1,266 |
1,266 |
2,533 |
|
Poland |
913 |
913 |
1,826 |
|
Romania |
362 |
155 |
517 |
|
Serbia |
393 |
169 |
562 |
|
Spain |
20 |
20 |
39 |
|
Turkey |
982 |
421 |
1,403 |
|
United Kingdom |
572 |
572 |
1,145 |
|
Other Europe |
552 |
552 |
1,104 |
|
Total Europe |
7,613 |
6,427 |
14,040 |
|
Azerbaijan |
527 |
226 |
753 |
|
Kazakhstan |
2,178 |
933 |
3,111 |
|
Russian Federation |
14,180 |
6,077 |
20,258 |
|
Turkmenistan |
560 |
240 |
800 |
|
Ukraine |
674 |
0 |
674 |
|
Uzbekistan |
624 |
0 |
624 |
|
Other C’wealth of Independent States |
141 |
0 |
141 |
|
Total C’wealth of Independent States |
18,884 |
7,476 |
26,360 |
|
|
|
|
|
|
Bahrain |
75 |
75 |
150 |
|
Iran |
3,971 |
1,702 |
5,673 |
|
Iraq |
2,356 |
1,010 |
3,365 |
|
Kuwait |
1,161 |
1,161 |
2,322 |
|
Oman |
510 |
510 |
1,021 |
|
Qatar |
1,461 |
1,461 |
2,922 |
|
Saudi Arabia |
4,690 |
4,690 |
9,379 |
|
Syria |
47 |
0 |
47 |
|
United Arab Emirates |
1,599 |
1,599 |
3,197 |
|
Yemen |
37 |
0 |
37 |
|
Other Middle East |
178 |
76 |
255 |
|
Total Middle East |
16,084 |
12,283 |
28,390 |
|
|
|
|
|
|
Algeria |
1,322 |
566 |
1,888 |
|
Angola |
1,205 |
0 |
1,205 |
|
Chad |
80 |
0 |
80 |
|
Republic of Congo |
216 |
0 |
216 |
|
Egypt |
961 |
0 |
961 |
|
Equatorial Guinea |
98 |
42 |
140 |
|
Gabon |
103 |
44 |
147 |
|
Libya |
500 |
214 |
715 |
|
Nigeria |
1,872 |
0 |
1,872 |
|
South Africa |
2,482 |
1,064 |
3,546 |
|
South Sudan |
79 |
0 |
79 |
|
Sudan |
62 |
0 |
62 |
|
Tunisia |
36 |
0 |
36 |
|
Zimbabwe |
41 |
0 |
41 |
|
Other Africa |
487 |
209 |
696 |
|
Total Africa |
9,544 |
2,139 |
11,683 |
|
|
|
|
|
|
Australia |
4,056 |
4,056 |
8,111 |
|
Bangladesh |
264 |
0 |
264 |
|
Brunei |
100 |
100 |
200 |
|
China |
37,678 |
16,148 |
53,825 |
|
India |
10,943 |
0 |
10,943 |
|
Indonesia |
7,838 |
0 |
7,838 |
|
Japan |
10 |
10 |
20 |
|
Malaysia |
877 |
376 |
1,253 |
|
Mongolia |
696 |
0 |
696 |
|
Myanmar |
179 |
0 |
179 |
|
New Zealand |
21 |
21 |
41 |
|
Pakistan |
401 |
0 |
401 |
|
South Korea |
10 |
10 |
21 |
|
Thailand |
602 |
258 |
860 |
|
Vietnam |
866 |
0 |
866 |
|
Other Asia Pacific |
970 |
416 |
1,385 |
|
Total Asia Pacific |
65,510 |
21,393 |
86,903 |
|
|
|
|
|
|
Total World |
140,811 |
68,956 |
209,790 |
|
High income |
35,638 |
35,638 |
71,276 |
|
Upper middle income |
77,741 |
33,318 |
111,059 |
|
Lower middle income |
27,432 |
0 |
27,432 |
|
Low income |
283 |
0 |
283 |
