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.
News, indicators and facts of the work of the Green Fiscal Policy Network and our partners in Brazil.
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
The Inter-American Development Bank (IDB) is recommending that finance and planning ministries in Latin American and the Caribbean (LAC) consider fiscal policies to accelerate the transition to green economies and pave the way for the region to meet decarbonisation goals.
Unpopular among the bloc’s trading partners, countries are seeking exemptions to the carbon levy, as Brussels hints alternatives to pricing may be considered to dodge the tax The European Union
Fossil fuel subsidies persist despite the climate crisis. They distort the energy market by keeping fossil fuel prices artificially low. Removing these subsidies must be accompanied by social programmes that will reduce the impact on the poorest household.
This tool tracks COVID-19 related fiscal spending policies announced by the 33 Latin America and Caribbean countries, updated every week. The LAC Recovery Tracker brings transparency to regional government spending
In late April, US President Joe Biden convened 40 world leaders to “galvanize efforts” by the world’s major economies to tackle climate change, highlight economic benefits of early, “decisive” action,
Head of the Kunming biodiversity summit asks nations to review destructive support for fishing, agriculture and other industries By Patrick Greenfield Billions of pounds of environmentally harmful government subsidies must
The leaders of Russia and China put aside their raw-worded disputes with U.S. President Joe Biden on 22 April long enough to pledge international cooperation on cutting climate-wrecking coal and