Carbon Tax

Access and Benefit Sharing: New rules for use of biodiversity

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 …

Roadmap for the consideration of establishment and operation of a Greenhouse Gas Emissions Trading System in Turkey

This report develops a roadmap on the consideration of establishment and operation of an emissions trading scheme (ETS) for Turkey. It is the first in a series of analytical reports, prepared for the World Bank Partnership for Market Readiness (PMR). The report was prepared by a consortium led by Ecofys, …

Development and justice through transformation: The Four Big ‘I’s

2015 saw a historic double success for sustainability and climate policy. The 2030 Agenda for Sustainable Development, with its Sustainable Development Goals (SDGs), and the Paris Agreement on climate ­protection establish a system of ambitious policy goals for the world. The group of twenty major ­industrialized and emerging economies (G20) …

Carbon offsets out of the woods? The acceptability of domestic vs. international reforestation programmes

Following the 2016 entry into force of the Paris Agreement, governments are now expected to turn their greenhouse gas emissions pledges into concrete climate policies. Given the global public good nature of climate change mitigation and the important differences in cross-country marginal abatement costs, distributing abatement efforts across countries could …

Impacts of a global carbon price on consumption and value creation

About two-thirds of the national pledges made under the Paris Agreement refer to carbon pricing as one of the measures to reduce greenhouse gas (GHG) emissions. Carbon pricing internalises the costs of climate change, making it part of the economic decision-making process. Carbon pricing thus has the potential to facilitate …

The economics of climate change in the Asia-Pacific region

Higher temperatures, sea level rise, and extreme weather events linked to climate change are having a major impact on the Asia-Pacific region, harming its economies, natural and physical assets, and compounding developmental challenges, including poverty, food and energy security and health. Many countries in the Asia-Pacific region are geographically vulnerable …

State and Trends of Carbon Pricing 2016

Greater cooperation through carbon trading could reduce the cost of climate change mitigation by 32 percent by 2030, according to a new World Bank report released at an international carbon event in Vietnam. New modelling analysis undertaken for the State and Trends of Carbon Pricing 2016 report shows that increased …

The trade system and climate action: ways forward under the Paris Agreement

The relationship between trade policy and climate policy needs to improve in the future, in particular with a view towards implementing the Paris Agreement. With the aim of making trade policy supportive of climate action, this working paper discusses the relationship between the regimes established by the World Trade Organization …

Asian development outlook 2016 update: meeting the low-carbon growth challenge

Steady growth endures in developing Asia despite external slack. Half-year results prompt this Update to affirm overall growth projections published in March in Asian Development Outlook 2016. External weakness is offset by resilient domestic demand in large regional economies led by the People’s Republic of China, where policy regulates growth …

Carbon tax of Swiss flights legal says EU top court advisor

The European Union is within its rights to apply carbon taxes to flights between Switzerland and the regional bloc even though flights from other countries outside the area are exempt for now, a legal advisor to the EU's top court said on Tuesday. The European Court of Justice is considering …

Hillary Clinton could run on strongest climate change platform ever

The Democrats' draft platform won't be ratified until the convention, but climate activists are already hailing it as a 'monumental victory' Hillary Clinton could campaign much more aggressively against climate change than any US presidential candidate before her, under a draft platform adopted by Democratic party leaders. The leaders committed …

French carbon pricing committee proposes tax on coal-fired power

A French government advisory committee has recommended that France increase taxation on coal-fired power plants, or set stiffer carbon emissions standards, to encourage a shift to gas-fired plants to reduce carbon emissions. The proposal was included in a report handed to French Environment Minister Segolene Royal on Monday by the …

Carbon pricing: a key instrument to facilitate low carbon transition

This paper discusses how carbon pricing can facilitate a low-carbon transition, or a further net zero carbon transition, responding to the Paris Agreement. There is a strong synergy between carbon pricing and the Paris Agreement; the call for ambitious climate actions through carbon pricing by both heads of governments and …

Impacts of carbon pricing in reducing the carbon intensity of China's GDP

In contributing to global climate change mitigation efforts as agreed in Paris in 2015, China has set a target of reducing the carbon dioxide intensity of gross domestic product by 60-65 percent in 2030 compared with 2005 levels. Using a dynamic computable general equilibrium model of China, this study analyzes …

Carbon Pricing Watch 2016

The report is a one stop shop for learning about key developments and prospects of existing and emerging carbon initiatives. A challenging international carbon market has not stopped the development of domestic carbon pricing initiatives. Today, about 40 national and over 20 sub-national jurisdictions responsible for almost one fourth of …

Supporting energy pricing reform and carbon pricing policies through crediting

Some work has been done on regulatory policies (such as energy-efficiency standards, including under the Clean Development Mechanism [CDM] and with an aim to reforming the CDM beyond a project-level scope) both from the methodological side and through blueprinting of operational models. Similar approaches were developed for policies such as …

Guidance to assist developing country Parties to assess the impact of the implementation of response measures, including guidance on modelling tools

This technical paper first provides an overview of the work under the Convention in relation to assessing the impact of the implementation of response measures. The elements of and approaches to assessment of this impact are then discussed, and relevant assessment approaches, including modelling tools, are compiled with a view …

Guidance to assist developing country Parties to assess the impact of the implementation of response measures, including guidance on modelling tools

This technical paper first provides an overview of the work under the Convention in relation to assessing the impact of the implementation of response measures. The elements of and approaches to assessment of this impact are then discussed, and relevant assessment approaches, including modelling tools, are compiled with a view …

Proxy carbon pricing: a tool for fiscally rational and climate-compatible governance

The Center for American Progress proposes that federal agencies and state governments adopt the private-sector practice of proxy carbon pricing when evaluating long-term government decisions and investments. This practice would apply to decision-making with respect to both direct government action, such as investment in transportation infrastructure, and indirect government action, …

A switch in time: enabling the electricity sector's transition to net zero emissions

Australia, along with the rest of the world, must decarbonise its energy sector by 2050 to have any hope of averting dangerous climate change, and the Climate Institute has released research to help get there. The report, A Switch in Time: Enabling the electricity sector’s transition to net zero emissions, …

Airline carbon tax will burden poor countries: BASIC

The BASIC countries - Brazil, South Africa, India and China - are opposed to any move of the International Civil Aviation Organisation (ICAO) on carbon emission tax on airlines in the garb of offsetting emission in the aviation sector as they believe it would impose inappropriate economic burden on developing …

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