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Proposal For An International Carbon Price Floor Among Large Emitters
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Book Synopsis Proposal for an International Carbon Price Floor Among Large Emitters by : Ian Parry
Download or read book Proposal for an International Carbon Price Floor Among Large Emitters written by Ian Parry and published by International Monetary Fund. This book was released on 2021-06-18 with total page 1 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries are increasingly committing to midcentury ‘net-zero’ emissions targets under the Paris Agreement, but limiting global warming to 1.5 to 2°C requires cutting emissions by a quarter to a half in this decade. Making sufficient progress to stabilizing the climate therefore requires ratcheting up near-term mitigation action but doing so among 195 parties simultaneously is proving challenging. Reinforcing the Paris Agreement with an international carbon price floor (ICPF) could jump-start emissions reductions through substantive policy action, while circumventing emerging pressure for border carbon adjustments. The ICPF has two elements: (1) a small number of key large-emitting countries, and (2) the minimum carbon price each commits to implement. The arrangement can be pragmatically designed to accommodate equity considerations and emissions-equivalent alternatives to carbon pricing. The paper discusses the rationale for an ICPF, considers design issues, compares it with alternative global regimes, and quantifies its impacts.
Book Synopsis Implementing the United States’ Domestic and International Climate Mitigation Goals: A Supportive Fiscal Policy Approach by : Ian Parry
Download or read book Implementing the United States’ Domestic and International Climate Mitigation Goals: A Supportive Fiscal Policy Approach written by Ian Parry and published by International Monetary Fund. This book was released on 2021-03-03 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States has pledged to become carbon neutral by 2050, meet sectoral objectives (e.g., for carbon free power, electric vehicles) and encourage greater mitigation among large emitting countries and of international transportation emissions. Fiscal policies at the national, sectoral, and international level could play a critical role in implementing these objectives, along with investment, regulatory, and technology policies. Fiscal instruments are cost-effective, can enhance political acceptability, and do not worsen, or could help alleviate, budgetary pressures. Domestically, a fiscal policy package could contain a mix of economy-wide carbon pricing and revenue-neutral feebates (i.e., tax-subsidy schemes) with the latter reinforcing mitigation in the transport, power, industrial, building, forestry, and agricultural sectors. Internationally, a carbon price floor among large emitters (with flexibility to implement equivalent measures) could effectively scale up global mitigation, while levies/feebates offer a practical approach for reducing maritime and aviation emissions.
Book Synopsis Fiscal Policy Options to Accelerate Emissions Reductions in by : Nate Vernon
Download or read book Fiscal Policy Options to Accelerate Emissions Reductions in written by Nate Vernon and published by International Monetary Fund. This book was released on 2023-03-02 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Belgium’s current policies fall short of achieving its climate targets and promoting emissions reductions at limited economic costs. We recommend that domestic carbon pricing form the centerpiece of an emissions reduction package, as pricing promotes mitigation at the lowest economic cost, can be phased in as international energy prices fall, and generates revenue to compensate vulnerable households and reduce taxes on productive activities. Sectoral policies, such as subsidy-tax schemes to promote low emissions vehicles, should reinforce carbon pricing and regional efforts, while the social protection system can be made more efficient and environmentally friendly by switching from energy subsidies to income-based support. Belgium should also promote dialogue at the EU-level to harmonize ETS prices and include all sectors under a single trading scheme.
Book Synopsis Carbon Pricing for Energy Transition and Decarbonization by : Asian Development Bank
Download or read book Carbon Pricing for Energy Transition and Decarbonization written by Asian Development Bank and published by Asian Development Bank. This book was released on 2022-11-01 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: Carbon pricing is an integral element of the climate policy architecture that can help countries reduce emissions cost-effectively, achieve climate targets articulated under their nationally determined contributions, and raise ambition over time. This study provides insights on how well-designed carbon pricing instruments can be woven into climate policies to accelerate efforts toward energy transition and decarbonization. Targeted at policymakers, it aims to help countries design and implement carbon pricing instruments tailored to their national circumstances and priorities that create low-cost, sustainable energy systems capable of boosting resilience and driving long-term growth.
Book Synopsis Singapore Synthesis, The: Innovation, Inclusion, Inspiration by : Ravi Menon
Download or read book Singapore Synthesis, The: Innovation, Inclusion, Inspiration written by Ravi Menon and published by World Scientific. This book was released on 2022-04-27 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ravi Menon is the Institute of Policy Studies' 9th S R Nathan Fellow for the Study of Singapore. This book is an edited collection of his four IPS-Nathan Lectures, delivered in July 2021, and includes highlights of his question-and-answer segments with our virtual audience.Mr Menon examines how Singapore will come under pressure from four tectonic shifts altering the global landscape. Although still relevant, Singapore's guiding ethos of adaptation, meritocracy, and pragmatism may no longer be sufficient. To secure our future, we will need more innovation, inclusion, and inspiration. What does an innovative economy look like? What does it take to create a more inclusive society? What does it mean to be an inspiring nation? How does it all hold together in a refreshed Singapore Synthesis?The IPS-Nathan Lecture series was launched in 2014 as part of the S R Nathan Fellowship for the Study of Singapore. It seeks to advance public understanding and discussion of issues of critical national interest for Singapore.
Book Synopsis OECD Series on Carbon Pricing and Energy Taxation Pricing Greenhouse Gas Emissions Turning Climate Targets into Climate Action by : OECD
Download or read book OECD Series on Carbon Pricing and Energy Taxation Pricing Greenhouse Gas Emissions Turning Climate Targets into Climate Action written by OECD and published by OECD Publishing. This book was released on 2022-11-03 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accelerating the transition to net zero greenhouse gas (GHG) emissions is urgently required to contain the risks of climate change. As countries seek to reduce GHG emissions, they can employ or reform a wide range of policy instruments. This report tracks how explicit carbon prices, energy taxes and subsidies have evolved between 2018 and 2021.
Book Synopsis A Green and Global Europe by : Nathalie Tocci
Download or read book A Green and Global Europe written by Nathalie Tocci and published by John Wiley & Sons. This book was released on 2022-10-14 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: After years of existential crisis, Europe has found a new raison d’être: the European Green Deal and the energy transition that lies at its core. This green Europe represents a normative vision, an economic growth strategy, as well as a route to a political Union that would enhance EU integration and legitimacy. But it can only be realized if it addresses head-on the social, economic, political and geopolitical ramifications of this epochal change. In A Green and Global Europe, Nathalie Tocci explains how the unprecedented nature of the current energy transition represents both a unique opportunity and a huge challenge to Europe’s future prosperity. The EU, she argues, must not act in isolation or ignore the adverse effects of the transition on Member States and neighbours. It must also address the global cleavages that may arise with China, the transatlantic relationship and the Global South as a result of the EU’s green agenda. By adopting a truly global approach to the energy transition, Europe can deliver on its responsibilities to people and planet alike, and avoid unleashing social, economic and security problems that could come biting back at the Union.
Book Synopsis Green and Sustainable Finance by : Simon Thompson
Download or read book Green and Sustainable Finance written by Simon Thompson and published by Kogan Page Publishers. This book was released on 2023-03-03 with total page 665 pages. Available in PDF, EPUB and Kindle. Book excerpt: To achieve society's goals, as set out in the UN Sustainable Development Goals and the Paris Agreement, the finance sector has a crucial role to play in driving sustainable business and the transition to a net zero economy. To achieve this change, it is vital for the finance sector to allocate capital to the firms, investments and activities looking to create a more sustainable world. Green and Sustainable Finance offers a comprehensive guide to green and sustainable principles and practice in banking, investment and insurance to help finance professionals manage sustainability risks and support their clients and customers in transition. Given the need for urgent, rapid and sustained change, it is essential that all finance professionals understand and apply these principles so that every professional financial decision takes account of sustainability. Written by the CEO of the Chartered Banker Institute this fully updated second edition includes the most recent assessments of climate science from the IPCC, extended coverage of sustainability reporting and carbon accounting, and regulatory and market developments in sustainability risk management. It also features material on the rapid growth of sustainable lending and investment and the latest finance sector alliances and initiatives. Endorsed by the Chartered Banker Institute as the core text for the global benchmark Certificate in Green and Sustainable Finance, this book is essential reading for finance professionals, university students and individuals working to embed sustainability in business, finance, policy and regulation.
Book Synopsis Energy Security and The Green Transition by : Jaden Kim
Download or read book Energy Security and The Green Transition written by Jaden Kim and published by International Monetary Fund. This book was released on 2024-01-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current energy crisis has raised important policy questions on how to strengthen short-term energy security while remaining firmly committed to the green transition, a challenge amplified by the recent consensus at COP28 to transition away from fossil fuels. This paper examines the historical determinants of the security of energy supply and analyzes the green transition implications for energy security. Looking back, we find that the diversification of energy trade partners, or the lack thereof, was the main factor that underpinned energy security dynamics within and across countries over the last two decades. Looking ahead, the green transition is expected to have a net positive effect on energy security provided investments are aligned to address new challenges posed by the increased reliance on renewables.
Author :Harinder Kohli Publisher :Penguin Random House India Private Limited ISBN 13 :9391149138 Total Pages :510 pages Book Rating :4.3/5 (911 download)
Book Synopsis Envisioning 2060 by : Harinder Kohli
Download or read book Envisioning 2060 written by Harinder Kohli and published by Penguin Random House India Private Limited. This book was released on 2022-05-25 with total page 510 pages. Available in PDF, EPUB and Kindle. Book excerpt: Envisioning 2060 is a collection of articles by some of the world's greatest economists and authors. Its carefully planned chapters encompass all major aspects of the evolving global economy-with a particular emphasis on emerging markets and economies-painting a wholesome picture for the contemporary reader, of what our world might grow to look like in the next forty years if we succeed or fail at addressing the myriad challenges confronting us today.
Download or read book Chile written by International Monetary and published by International Monetary Fund. This book was released on 2023-01-19 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the request of the Chilean Minister of Finance, a team from the IMF Fiscal Affairs Department (FAD) conducted a capacity development mission in Santiago to evaluate options to improve green taxes in Chile, as part of a general tax reform presented to Congress in July 2022. The mission reviewed existing carbon taxes in the country, including revenue performance, coverage, and selected design issues. It also discussed changes to green taxes that will take effect in 2023, as well as new mitigation tools introduced in the Framework Law on Climate Change. The mission presented the authorities with four different carbon pricing reform scenarios that would bring Chile closer to or in line with its Nationally Determined Contribution (NDC) for 2030, and the legally binding net-zero pledge for 2050. The mission also stated that additional measures under all proposed scenarios, such as improved energy efficiency policies, introduction of feebates schemes and faster adoption of low and zero emission sources for transport, power, and industry, would further contribute to achieve climate goals. The mission used the Climate Policy Assessment Tool (CPAT) to perform the analysis. The tool was subsequently transferred to the authorities through a four-day hands-on capacity development workshop, which was attended by officials from the Ministries of Finance, Energy, Environment, and Transportation.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 : Total Pages :127 pages Book Rating :4.4/5 (2 download)
Book Synopsis Peru by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Peru written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2023-03-27 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against the background of a strong economic performance over the last quarter of a century, Peru has been hit by multiple shocks in the last several years. Adequate policies and very strong policy frameworks have made the economy resilient. Following a steep decline in 2020 at the outset of the pandemic and a rapid recovery in 2021, growth slowed significantly in 2022 as the policy stimulus was withdrawn and external and financial conditions deteriorated. Recent political developments suggest that the new government needs to work across the political spectrum to create broader political consensus, reduce uncertainty, ease social tensions, and boost growth.
Book Synopsis European Yearbook of International Economic Law 2022 by : Jelena Bäumler
Download or read book European Yearbook of International Economic Law 2022 written by Jelena Bäumler and published by Springer Nature. This book was released on 2023-05-23 with total page 581 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change is the defining challenge of our time. While political leadership and scientific expertise are key, law has a major role to play in fashioning responses. Volume 13 of the EYIEL assesses central aspects of the legal regimes governing "Climate Change and Liability". Covering traditional trade and investment topics as well EU instruments regulating private actors, contributions reflect the diverse links between international economic law and climate change. Through a mix of foundational inquiries and coverage of current issues (such as climate change litigation), the volume offers a rich and nuanced account of international economic law in an era of "Climate Change and Liability".
Book Synopsis Carbon Pricing: What Role for Border Carbon Adjustments? by : Ian W.H. Parry
Download or read book Carbon Pricing: What Role for Border Carbon Adjustments? written by Ian W.H. Parry and published by International Monetary Fund. This book was released on 2021-09-27 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Climate Note discusses the rationale, design, and impacts of border carbon adjustments (BCAs), charges on embodied carbon in imports potentially matched by rebates for embodied carbon in exports. Large disparities in carbon pricing between countries is raising concerns about competitiveness and emissions leakage, and BCAs are a potentially effective instrument for addressing such concerns. Design details are critical, however. For example, limiting coverage of the BCA to energy-intensive, trade-exposed industries facilitates administration, and initially benchmarking BCAs on domestic emissions intensities would help ease the transition for emissions-intensive trading partners. It is also important to consider how to apply BCAs across countries with different approaches to emissions mitigation. BCAs are challenging because they pose legal risks and may be at odds with the differentiated responsibilities of developing countries. Furthermore, BCAs provide only modest incentives for other large emitting countries to scale carbon pricing—an international carbon price floor would be far more effective in this regard.
Book Synopsis Israel: 2022 Article IV Consultation-Press Release and Staff Report by : International Monetary
Download or read book Israel: 2022 Article IV Consultation-Press Release and Staff Report written by International Monetary and published by International Monetary Fund. This book was released on 2022-03-21 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Israeli economy has weathered the COVID-19 crisis exceptionally well, but risks are high. With substantial fiscal and monetary support, real GDP growth reached 8.1 percent in 2021, driven by consumption and high-tech exports. The rapid vaccination campaign boosted confidence. The outlook is positive but still subject to high uncertainty.
Book Synopsis Carbon Pricing and Fossil Fuel Subsidy Rationalization Tool Kit by : Rachael Jonassen
Download or read book Carbon Pricing and Fossil Fuel Subsidy Rationalization Tool Kit written by Rachael Jonassen and published by Asian Development Bank. This book was released on 2023-07-01 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: This tool kit offers a step-by-step guide for economies in Asia and the Pacific looking to design, build, and implement emission trading systems (ETS) to help speed up their transition to a greener, more inclusive future. Using case studies to illustrate best practices and lessons learned by countries including Viet Nam and India, it explains the need to design robust legal frameworks before setting up ETSs. It outlines carbon taxes, analyzes fossil fuel subsidy rationalization, and shows why securing support from stakeholders is key for countries planning to implement ETS programs to help meet their climate targets.
Book Synopsis Is the Paris Agreement Working? A Stocktake of Global Climate Mitigation by : Mr. Simon Black
Download or read book Is the Paris Agreement Working? A Stocktake of Global Climate Mitigation written by Mr. Simon Black and published by International Monetary Fund. This book was released on 2023-11-21 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
