In United States, Democrats Propose a Border Tax Based on Countries’ Greenhouse Gas Emissions
Senators introduced a plan on 19 July to tax iron, steel and other imports from countries without ambitious climate laws.
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 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.
Daniel Voces, the managing director of the European Union’s primary fishing industry advocacy group, Europêche, believes members of the World Trade Organization will reach a deal on curbing illegal fishing subsidies this week.
The EU is due to propose the biggest revamp of its Emissions Trading System since the policy launched in 2005. Already the world’s largest carbon trading program, the ETS is
China expects trading to commence on its long awaited national carbon emissions trading scheme (ETS) this month, and sources aware of the plans expect a launch ceremony to be held on Friday.
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.
As calls to end government subsidies of fossil fuels grow in intensity, a new report finds that Canadian governments have allocated billions of taxpayer dollars to building and expanding new pipelines in the past year alone.
Across Italy, France, Portugal and Spain, at least €8.3bn of EU recovery funds are planned to be spent on hydrogen and renewable gases thanks to lobbying from the fossil-fuel industry.
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