Fossil fuel subsidies (USD, billions):
Fossil fuel subsidies with externalities (% of GDP):
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.
External Debt In Small Island Developing States: One-year into the COVID-19 crisis, where do we stand? (OECD Report)
Debt challenges, exacerbated by the economic consequences of the COVID-19 pandemic, are not homogeneous across SIDS.
Carbon pricing very effectively encourages the shift of production and consumption choices towards low and zero carbon options that is required to limit climate change. Are countries using this tool
This report published by the Vienna Institute for International Dialogue and Cooperation (VIDC) and authored by Jacqueline Cottrell and Tatiana Falcão, explores the trade-offs and complementarities between environmental taxation and social equity. It analyses the
This policy brief by the Institute for Global Environmental Strategies (IGES) suggests that carbon pricing can accelerate the diffusion of low-carbon technology in China, based on the results of empirical
Stopping Payments to Polluters: Clearing the air with fossil fuel subsidy reform in China and India (GSI)
Addressing urban air pollution requires governments to reorient policies away from fossil fuel combustion. This Policy Brief by the Global Subsidies Initiative (GSI) explores one such policy shift—the reform of