IMF urges countries to raise carbon price floor ahead of Cop26
Global lender’s head Kristalina Georgieva calls on countries to step up their $100bn climate finance pledges.
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.
Global lender’s head Kristalina Georgieva calls on countries to step up their $100bn climate finance pledges.
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.
To meet climate targets and avoid economic collapse, countries such as Iraq need international support in the transition to clean energy
Fossil fuel and mining companies would contribute billions toward conservation programs under a new proposal in the United States Congress.
The Scottish Government has put forward a draft policy programme for aligning its economic recovery plans for Covid-19 with its long-term climate, nature and social targets, developed under an agreement with the Scottish Green Party Parliamentary Group.
Concluding his three-day India visit on Wednesday, COP26 president Alok Sharma said that he has requested the Indian government to consider raising ambitions in emission reduction targets and reiterated that a delivery plan on finance for developing countries is being put in place ahead of the conference in Glasgow later this year.
The government hopes to attract at least £4bn of investment to the hydrogen economy by 2030 under plans to produce the equivalent of enough hydrogen to replace fossil fuel gas for heating and cooking in about 3m households in the UK.
Denmark and Costa Rica are trying to forge an alliance of countries willing to fix a date to phase out oil and gas production and to stop giving permits for new exploration, government ministers said and documents showed.
Renewables and nuclear power accounted for a record 66% of electricity production across the EU during the first half of 2021, with clean energy proving far more resilient to the pandemic than fossil fuels.
Raising taxes during an economic downturn might seem counterintuitive but it could be the key to Covid-19 recovery. The secret lies in which taxes to raise: when it comes to impacts on the economy, jobs, and the environment, not all taxes are created equal.
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