A Framework For Comparing Climate Mitigation Policies Across Countries
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A Framework For Comparing Climate Mitigation Policies Across Countries
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Author : Mr. Simon Black
language : en
Publisher: International Monetary Fund
Release Date : 2022-12-16
A Framework For Comparing Climate Mitigation Policies Across Countries written by Mr. Simon Black and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-12-16 with Business & Economics categories.
There is growing interest in international coordination over climate mitigation policy. Climate clubs or international carbon price floors could complement the Paris Agreement by helping to deliver the near-term cuts in global greenhouse gas emissions needed to contain global warming to 1.5 to 2oC. To ensure inclusivity, these arrangements need to account for varying mitigation policies across countries, including carbon pricing, fuel taxes, subsidy reform, and non-pricing approaches like regulations. A transparent methodology is needed to compare and monitor mitigation effort by countries implementing diverse policy packages. This paper presents and illustrates a methodology for converting climate mitigation policies and targets into their carbon price equivalents and applies it to the Group of Twenty (G20) countries.
Climate Change Mitigation Policies And Progress
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2015-10-20
Climate Change Mitigation Policies And Progress written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-10-20 with categories.
This report reviews trends and progress on climate change mitigation policies in 34 OECD countries and 10 partner economies (Brazil, China, Colombia, Costa Rica, Indonesia, India, Latvia, Lithuania, the Russian Federation and South Africa), as well as in the European Union.
Policy Options For Climate Mitigation Emissions Trading Schemes In Asia Pacific
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Author : Ms. Margaux MacDonald
language : en
Publisher: International Monetary Fund
Release Date : 2024-07-19
Policy Options For Climate Mitigation Emissions Trading Schemes In Asia Pacific written by Ms. Margaux MacDonald and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-07-19 with categories.
Large reductions in global emissions are needed for the world to be on track to meet global temperature goals. Asia-Pacific countries have a critical role in emissions reduction given their large and rising share in global emissions. This paper discusses the main opportunities and behavioral responses for reducing emissions, and commonly used mitigation instruments. It then considers key design issues for carbon pricing, with a focus on emissions trading schemes (ETS), describes measures to overcome the obstacles to carbon pricing, and discusses experiences with carbon pricing relevant for Asia-Pacific economies. Lastly, the paper covers complementary policy reforms, including reinforcing mitigation instruments, public investment, fuel tax reform, green industrial policies, and supporting reforms to the energy sector. Carbon pricing, including ETSs can be the centerpiece of climate mitigation strategies for most countries, particularly if ETSs are designed to mimic some of the administrative and economic attractions of carbon taxes and implemented appropriately.
The Imf World Bank Climate Policy Assessment Tool Cpat A Model To Help Countries Mitigate Climate Change
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Author : Mr. Simon Black
language : en
Publisher: International Monetary Fund
Release Date : 2023-06-23
The Imf World Bank Climate Policy Assessment Tool Cpat A Model To Help Countries Mitigate Climate Change written by Mr. Simon Black and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-23 with Business & Economics categories.
To stabilize the climate, global greenhouse gas emissions must be cut by 25 to 50 percent by 2030 compared to 2019. Such an unprecedented rate of decarbonization necessitates climate mitigation policies across countries, notably carbon pricing, fossil fuel subsidy reform, renewable subsidies, feebates, emission rate regulations, and public investments. To design and implement effective, efficient, and equitable policies, governments need tools to assess economic, environmental, fiscal, and social impacts. To support this effort, the IMF and World Bank are making their joint Climate Policy Assessment Tool (CPAT) available to governments. CPAT is a transparent, flexible, and user-friendly model covering over 200 countries. It allows for the rapid quantification of impacts of climate mitigation policies, including on energy demand, prices, emissions, revenues, welfare, GDP, households and industries, local air pollution and health, and many other metrics. This paper describes the CPAT model, its data sources, key assumptions, and caveats.
Climate Change Mitigation And Policy Spillovers In The Eu S Immediate Neighborhood
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Author : Mr. Serhan Cevik
language : en
Publisher: International Monetary Fund
Release Date : 2023-12
Climate Change Mitigation And Policy Spillovers In The Eu S Immediate Neighborhood written by Mr. Serhan Cevik and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-12 with Business & Economics categories.
EU’s neighborhood countries (EUN) have lagged the EU on emissions mitigation; coal-heavy power generation and industrial sectors are a key factor. They have also trailed EU countries in emissions mitigation policies since 2000, with little use of market-based instruments, and they still have substantial fossil fuel subsidies. Increasingly stringent EU mitigation policies are asociated with lower emissions in EUN. Overall output effects of the CBAM, in its current form, would be limited, though exports and emissions-intensive industries could be heavily impacted. A unilaterally adopted economywide carbon tax of $75 per ton would significantly lower emissions by 2030, with minimal consequences for output or household welfare, though a safety net for the affected workers may be necessary. To become competitive today by attracting green FDI and technology, overcoming infrastructure constraints and integrating into EU’s supply chains, EUN countries would be well served to front load decarbonization, rather than postpone it for later.
Climate Mitigation Policy In T Rkiye
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Author : Ian W.H. Parry
language : en
Publisher: International Monetary Fund
Release Date : 2023-05-12
Climate Mitigation Policy In T Rkiye written by Ian W.H. Parry and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-05-12 with Business & Economics categories.
This paper discusses potential elements of a comprehensive strategy for making headway on Türkiye’s net zero emissions pedge for 2053. These elements include: (i) aligning 2030 emissions commitments with long term neutrality; (ii) implementing a carbon price rising to an ilustrative $75 per tonne by 2030; (iii) enhancing acceptability through using carbon pricing revenues efficiently and equitably and including competitveness measures; (iv) introducing various feebate schemes (the fiscal analogue of regulations) to reinforce mitigation incentives in the power, industry, transport, building, forestry, and agricultural sectors. According to modelling results a phased revenue-neutral $75 carbon price reduces CO2 emisisons 21 percent below baseline levels in 2030, raises revenues of 1.7 percent of GDP, avoids 11,000 air pollution deaths over the decade, while imposing an average burden on households of 3 percent of their consumption (before revenue-recycling). With revenues used for targeted transfers and labor tax reductions the overall policy is pro-poor and pro-equity (average household is better off by 0.4 percent).
Is The Paris Agreement Working A Stocktake Of Global Climate Mitigation
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Author : Mr. Simon Black
language : en
Publisher: International Monetary Fund
Release Date : 2023-11-21
Is The Paris Agreement Working A Stocktake Of Global Climate Mitigation written by Mr. Simon Black and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-11-21 with Business & Economics categories.
Urgent and aggressive action to cut greenhouse gas emissions this decade is needed. As countries take stock of the Paris Agreement, this Note provides IMF staff’s annual assessment of global climate mitigation policy. Global ambition needs to be more than quadrupled: emissions cuts of 50 percent below 2019 levels by 2030 are needed for 1.5 degrees Celsius, but current targets would only achieve 11 percent. We provide options for ratcheting-up ambition equitably. Implementation could be accelerated via agreements on minimum carbon prices. Drastic increases in mitigation investment are needed, requiring policies to shift private sector incentives. Climate finance should be scaled-up, with a new goal aligned with needs in developing countries. The development and diffusion of low-carbon technologies should be accelerated collaboratively. Overall, the Paris Agreement is making progress, but a response to the Global Stocktake that prioritizes decisive action this decade is critical.
The Green Frontier Assessing The Economic Implications Of Climate Action
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Author : JEAN PISANI-FERRY
language : en
Publisher: Peterson Institute for International Economics
Release Date : 2024-06-03
The Green Frontier Assessing The Economic Implications Of Climate Action written by JEAN PISANI-FERRY and has been published by Peterson Institute for International Economics this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-06-03 with Business & Economics categories.
Addressing climate change will entail major challenges for economic growth, employment, inflation, and public finances. Mitigating the impact of global warming will yield benefits and costs that are yet to be quantified and defined for the global economy and for nations, workers, households, and companies. The Green Frontier: Assessing the Economic Implications of Climate Action offers research originally presented at a major conference at the Peterson Institute for International Economics in June 2023 in Washington, DC, organized to shed light on this still unexplored field of study and recommend policies for the future.
Sustainable Finances And The Law
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Author : Rute Saraiva
language : en
Publisher: Springer Nature
Release Date : 2024-04-05
Sustainable Finances And The Law written by Rute Saraiva and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-04-05 with Law categories.
Sustainable (public and private) finance is closely interlinked with the Sustainable Development Goals (SDGs). The latter focus on enhancing the protection of both social and environmental assets at the local and global level, from the real economy and everyday life to financial markets and public policies, thereby laying the groundwork for a transition. Global sustainability challenges – including climate change, natural resource depletion, and rising inequality – are affecting the commercial environment and real economy in a way that presents both risks and opportunities for the private and public financial sectors. On the one hand, policymakers and investors (including banks and pensions funds) are increasingly recognizing the environment’s implications for the financial sector through both physical and transitional risks, producing impacts on financial services and products, not to mention corporate governance. On the other hand, governments and European and international institutions are aware of their sustainability-related responsibilities and the consequences of their actions. Both regulate and supervise financial markets but also use their budgetary and tax policies (e.g. carbon tax) and their participation in financial markets (e.g. green bonds and development banks) to overcome sustainability challenges. Therefore, the objective of this book is to help readers understand how private and public financial systems can be modified to create better value for society through sustainable approaches and initiatives such as the integration of environmental, social, and governance (ESG) factors in investment, procurement, and budgeting.
New Zealand
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2023-08-28
New Zealand written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-08-28 with Business & Economics categories.
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