Emissions-weighted Carbon Price

The Emissions-weighted Carbon Price (ECP) is an economy-wide average price on CO₂ emissions. It is calculated from sector-fuel level data, which is aggregated back to the economy level using the share of each sector-fuel CO₂ emissions in total GHG emissions as weights. The full methodology is described in the Resources for the Future Working Paper 22-6 Emissions-weighted carbon price: Sources and Methods.