The Paris Agreement’s very ambitious mitigation goals, notably to ‘pursue efforts’ to limit warming to 1.5°C, imply that climate policy will remain a national affair for some time. One key
13 December 2017 – China’s practice in recent years shows that establishing long-term, effective and ambitious goals to reduce greenhouse gas emissions can attract more capital and technology from all sectors
12 December 2017 – Belgium will issue its first bond for use in financing projects to reduce the country’s carbon emissions. Belgium would follow a number of countries that have sold
12 December 2017 – Saudi Arabia has approved a new round of energy price hikes and a cash handout system for low- and middle-income citizens to offset the impact of the
12 December 2017 – New Brunswickers will not pay a “direct” carbon tax under the Liberal government’s planned carbon-pricing system, says Environment and Local Government Minister Serge Rousselle. Instead, a
12 December 2017 – By subsidising fossil fuels, humanity was “investing in its own doom”, UN chief Antonio Guterres said Tuesday at a Paris summit seeking to unlock funds for
4 December 2017 – Washington is just one of a growing number of states poised to introduce or advance new, stricter, or more expansive carbon fees or cap-and-trade programs in upcoming
29 November 2017 – All economists who accept the scientific reality of climate change support public policies that make polluters pay more for the costs they impose on society. But it
This note provides guidance on how to approach and assess energy subsidies, quantifying them where possible. It suggests a definition of subsidies and describes options for categorizing and measuring subsidies.
Reforming subsidies can be a complex and politically difficult process. Countries embarking on this journey underline the need for understanding the political context of reform, crafting the right energy pricing,
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