The National Biodiversity Authority has released a new set of rules to manage sharing of benefits generated through the use of biological resources. The Biological Diversity (Access to biological Resources and Knowledge Associated thereto and Fair and Equitable Sharing of Benefits) Regulation 2025 was approved by the Central government and …
Internal carbon pricing (ICP) can help financial institutions assess carbon risks and identify opportunities to shift capital from high-carbon to low-carbon investment and lending, decarbonise their portfolios, and increase their resilience in a low-carbon transition. This briefing paper aims to help investors and banks understand how they could use ICP …
This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, including international, national and subnational initiatives. It also investigates trends surrounding the development and implementation of carbon pricing instruments and how they could accelerate the delivery of long-term mitigation goals. This edition also discusses …
Representatives from more than 70 companies met with U.S. lawmakers on Wednesday to push for a tax on carbon emissions to fight climate change, and a senator said bipartisan legislation containing such a plan could be introduced in weeks. The gathering, which included PepsiCo, Johnson & Johnson, Tesla and General …
Canada’s main crude-producing province Alberta introduced a bill to repeal the provincial carbon tax on Wednesday, setting up a legal tussle between Premier Jason Kenney’s United Conservative Party and Justin Trudeau’s Liberal government in Ottawa Premier Kenney and his party swept to power in Alberta last month on a platform …
This study uses a computable general equilibrium model to analyze various policy scenarios for a carbon tax on greenhouse gas emissions from petroleum fuels and kerosene in Ethiopia. The carbon tax starts at $5 per ton of carbon dioxide in 2018 and rises to $30 per ton in 2030. Different …
Germany's environment minister says the government will discuss introducing a carbon tax as part of its national plan to curb climate change. Speaking after the first meeting of a special "climate Cabinet," German Environment Minister Svenja Schulze said Wednesday that government ministers would, over the coming months, put forward proposals …
The airline industry made a strong plea in parliament on Tuesday to be exempted from the proposed carbon tax saying it will undermine its competitiveness. The tax only applies to economic activities which emit greenhouse gases within South Africa and will therefore not apply to international airlines. The carbon tax, …
Effective communications are integral to designing and implementing a carbon price. They provide the means for building acceptance internally across government and externally with key stakeholders and the wider public. This shared understanding and acceptance is essential for building a robust policy that can be sustained through electoral and economic …
Finance Minister Tito Mboweni recently tabled the carbon tax bill in Parliament, giving effect to the announcements made in the 2017 and 2018 Budget statements. The carbon tax will become effective from 1 June 2019. The Government News Agency quoted Mboweni as stating that: “Climate change poses the greatest threat …
Finance Minister Tito Mboweni introduced the Carbon Tax Bill in the National Assembly on Tuesday, marking the culmination of an eight-year process of preparation and consultation with stakeholders. The tax is due to take effect from June 1 2019, and while parliament’s finance committee expects to process the bill before …
The idea is to make carbon pollution more expensive so people will use less fossil fuel Voters in Washington state will go to the polls Nov 6 to decide whether or not they want to impose a first-of-its-kind “fee” on carbon emissions. Ballot initiative 1631 marks the second time the …
The research finds that using a blanket “carbon tax” to restrict global warming to 2C above pre-industrial levels – which is the limit set by the Paris Agreement – would put an additional 45 million people at risk of hunger by 2050. However, the results “should not be interpreted to …
Canada will soften the impact of a planned carbon tax on major emitters of greenhouse gases after businesses complained it would make them less competitive with the United States, officials said on Wednesday. The move underlines the challenges facing Canada as it tries to deal with Washington under U.S. President …
A Republican lawmaker in the U.S. House of Representatives introduced a bill on Monday calling for a carbon tax, saying he hoped the legislation would at the very least renew a U.S. debate on climate change that has languished for a decade. Representative Carlos Curbelo, a member of the House …
Internationally, carbon pricing instruments have witnessed growing interest as cost effective policy measures for climate mitigation. A carbon tax is considered by many as an efficient climate mitigation instrument since it can influence decision making of businesses and individuals to enable transition towards low-carbon and energy efficient technologies. Furthermore, the …
Achieving U.S. Emissions Targets with a Carbon Tax provides insight on how incorporating emissions target mechanism into a strong national carbon tax can help ensure intended emission cuts are achieved. This mechanism establishes predictable ways of adapting the carbon pricing program over time to respond to any shortfall in emissions …
The world is getting hotter, resulting in rising sea levels, more extreme weather like hurricanes, droughts, and floods, as well as other risks to the global climate like the irreversible collapsing of ice sheets. Carbon taxes, or similar charges for the carbon content of coal, petroleum products, and natural gas, …
The State and Trends of Carbon Pricing series reflects on the growing momentum for carbon pricing worldwide. It targets the wide audience of public and private stakeholders engaged in carbon pricing design and implementation. This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, …
NewClimate Institute, PBL Netherlands Environmental Assessment Agency and IIASA present an overview of on climate change mitigation policies in 25 major emitting countries/regions that have been adopted since July 2017. The policy information compiled by in this document supplements the earlier 2017 update report on the projected greenhouse gas emissions …
The 2015 Paris Climate Agreement was the first instance of countries adhering to take a collective action against global warming. More than 190 countries came forward and submitted their contributions in the form of Intended Nationally Determined Contributions, reflective of their ability and capacity to reduce greenhouse gas emissions, as …
