Green fiscal policies such as fossil fuel subsidy reform, carbon-energy taxation, emissions trading, air pollution taxes and green subsidies can play a critical role in limiting energy-related negative impacts on human health, air quality and the climate. By pricing harmful emissions and driving the transition to clean and low-carbon energy sources and increasing demand for renewable energy technologies.
South Africa signed the Carbon Tax into law, which has been under discussion since 2010. The goal is to “provide for the imposition of a tax on the carbon dioxide
The study “Measuring Fossil Fuel Subsidies in the Context of the Sustainable Development Goals” has been prepared by the United Nations Environment Programme (UNEP) in close collaboration with the International
The IMF recently published a paper that updates estimates of fossil fuel subsidies, defined as fuel consumption times the gap between existing and efficient prices (i.e., prices warranted by supply
This chapter by Naoyuki Yoshino and Farhad Taghizadeh-Hesary, from the book “Financing for Low-carbon Energy Transition”, shows that by taxing carbon dioxide (CO2), sulphur dioxide (SO2), and nitrogen oxides (NOx)
This article from the Asian Development Bank Institute, by Dina Azhgaliyeva, Zhanna Kapsaplyamova and Linda Low (2018), distinguishes between private sector investment and government investment in renewable energy. They use
The IMF recently published a paper that provides country-level guidance on the role and design of fiscal policies for implementing climate mitigation strategies as well as addressing vulnerabilities in disaster-prone
On the 15th of April, the International Energy Agency (IEA) published a report praising Ireland’s progress towards the goal of improving energy efficiency by 2030. However, the agency warned that
Group of 20 (G20) governments have committed to ending government support to fossil fuels through a number of reform pledges. Some countries have made progress in shifting support away from fossil
24.10.2018 – According to its energy chief, the Asian Development Bank (ADB) is making a decisive shift to clean energy. Coal plants are becoming unviable investments, as renewable energy costs fall
The role of local authorities in tackling climate change is increasingly recognized. A number of local authorities have committed to reducing greenhouse gas emissions by implementing effective local climate policies in several
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