This chapter presents a post-crisis assessment of carbon taxation, focusing on Coalition of Finance Ministers for Climate Action member countries. It includes emission reductions needed to achieve mitigation pledges, emissions and fiscal impacts of carbon taxes, tradeoffs between taxation and other instruments, and impacts of broader energy price reforms. On average, emissions reductions required by current pledges are 28 percent below baseline levels in 2030 and implicit prices in pledges vary from over $75 to less than $25 per ton of CO2 in 2030. A $50 tax raises 0.6-1.3 percent of GDP in revenues. Other mitigation instruments are generally less effective, though combining sectoral measures (feebates, regulations) has 60-75 percent of the effectiveness of carbon pricing. Comprehensive energy price reform would double revenues from a $50 carbon tax on average. Overall, the crisis has had little effect on the need for emissions reductions or the policies to achieve those reductions.