TY - JOUR A1 - Döbbeling-Hildebrandt, Niklas A1 - Miersch, Klaas A1 - Khanna, Tarun M. A1 - Bachelet, Marion A1 - Bruns, Stephan B. A1 - Callaghan, Max A1 - Edenhofer, Ottmar A1 - Flachsland, Christian A1 - Forster, Piers M. A1 - Kalkuhl, Matthias A1 - Koch, Nicolas A1 - Lamb, William F. A1 - Ohlendorf, Nils A1 - Steckel, Jan Christoph A1 - Minx, Jan C. T1 - Systematic review and meta-analysis of ex-post evaluations on the effectiveness of carbon pricing JF - Nature Communications N2 - Today, more than 70 carbon pricing schemes have been implemented around the globe, but their contributions to emissions reductions remains a subject of heated debate in science and policy. Here we assess the effectiveness of carbon pricing in reducing emissions using a rigorous, machine-learning assisted systematic review and meta-analysis. Based on 483 effect sizes extracted from 80 causal ex-post evaluations across 21 carbon pricing schemes, we find that introducing a carbon price has yielded immediate and substantial emission reductions for at least 17 of these policies, despite the low level of prices in most instances. Statistically significant emissions reductions range between –5% to –21% across the schemes (–4% to –15% after correcting for publication bias). Our study highlights critical evidence gaps with regard to dozens of unevaluated carbon pricing schemes and the price elasticity of emissions reductions. More rigorous synthesis of carbon pricing and other climate policies is required across a range of outcomes to advance our understanding of “what works” and accelerate learning on climate solutions in science and policy. Y1 - 2024 U6 - https://doi.org/10.1038/s41467-024-48512-w SN - 2041-1723 VL - 15 PB - Springer Science and Business Media LLC ER -