Climate change will be the single most important global policy challenge of the 2020s. Green fiscal policies such as carbon taxes, emissions trading and fossil fuel subsidy reform are amongst the most efficient and effective instruments to policymakers to tackle climate change.
protect the EU’s domestic industry from carbon leakage, when goods that would normally be bought locally are instead imported from companies that don’t face the same emissions regulations. The United States and Japan have voiced concerns about the planned tax.
Emissions will rise again this year and next year, after a fall last year, and 2023 is now on track to see the highest levels of carbon dioxide output in human history, equalling or surpassing the record set in 2018, according to forecasts released by the International Energy Agency.
Senators introduced a plan on 19 July to tax iron, steel and other imports from countries without ambitious climate laws.
Few countries in the region have tied green components to their stimulus packages, which contain some environmentally harmful measures. Green recovery policies and strategies can help put a country on the path to economic recovery while bringing environmental and sustainability benefits.
The Africa Islands Climate Commission which is chaired by Seychelles strongly supports the newly launched African Union Green Recovery Action Plan, said President Wavel Ramkalawan.
The African Union Commission launched a new five-year continental Green Recovery Action Plan 2021-2027. The launch was officiated by H.E Felix Tshisekedi, Chairperson of the
The G20 countries have provided more than $3.3tn (£2.4tn) in subsidies for fossil fuels since the Paris climate agreement was sealed in 2015, a report shows, despite many committing to tackle the crisis.
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.
The Food and Agriculture Organization of the United Nations (FAO) and the Government of Malawi, through the Ministry of Forestry and Natural Resources, have launched
Sub-Saharan African countries should intensify action on climate change concurrently with COVID-19 containment in order to realize a speedy, inclusive and green recovery, campaigners said
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