Fossil fuel subsidies (USD, billions):
Fossil fuel subsidies with externalities (% of GDP):
Brazil, Russia, India, China and South Africa may strongly oppose the proposed Carbon Border Adjustment Mechanism (CBAM) by the European Union at the 13th BRICS Summit on Thursday as the five developing countries will likely be the biggest losers from its implementation. In a veiled reference to CBAM, BRICS trade ministers last week cautioned that any measure to tackle climate change must be in conformity with multilateral trading rules and shouldn’t put arbitrary restrictions on international trade.
Environmentally sustainable post-COVID-19 spending in Latin America and the Caribbean lags behind the rest of the world, according to a new platform co-developed by the University of Oxford that showcases real-time data from 33 countries.
New study finds that conservation and tourism can go hand in hand, offering recommendations how to make it so
Política Fiscal y Cambio Climático: Experiencias Recientes de los Ministerios de Finanzas de América Latina y el Caribe (IDB)
Finance and planning ministries play a central role in promoting fiscal policies that generate more and better jobs with the transition to green economies. Adequate fiscal planning would help the decarbonization of the region’s economies create 15 million net new jobs by 2030.
The U.K. government is squandering an opportunity to move towards a zero carbon future by pumping billions of stimulus cash into fossil fuels and all but neglecting renewable energy, according
The present study seeks to explore how fiscal policies can employed to deliver both socioeconomic and environmental dividends with a focus on Brazil as a case study. In the current