Climate Change
News
European Commission aviation pollution tax proposal fuels debate
The European Commission recently proposed an EU-wide minimum tax rate for polluting aviation fuels such as kerosene to reduce CO2 emissions by 55% by 2030.
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.
What is China’s Carbon Market Scheme?
China has proposed the world’s largest carbon emissions trading scheme (ETS). As the country has pledged to reach net zero emissions by 2060, this article explores the merits of the current scheme.
Reports
Whose Green Recovery? Why poorer countries must not be left behind by richer countries’ recovery plans (ACT Alliance)
Poor countries could turn to fossil fuels as ‘green recovery’ leaves them behind says new report. A new report from development charity Christian Aid has warned that post-Covid stimulus packages
Why fossil fuel producer subsidies matter (SEI)
The Stockholm Environment Institute features a new article in Nature which explains how subsidies affect fossil fuel investment and why they deserve greater attention in global modelling analyses. To read
Adding Fuel to the Fire: Cheap Oil during the COVID-19 Pandemic (World Bank)
The outbreak of COVID-19 and the wide-ranging measures needed to slow its advance triggered an unprecedented collapse in oil demand, a surge in oil inventories, and a record one-month decline
Policy Briefs
Carbon Pricing: Essential But Insufficient
The Center for Progressive Reform recently published an issue brief that explains how carbon pricing is necessary, and then argues that it is both practically and politically insufficient for achieving
Climate Auctions: A Market-Based Approach to National Climate Action (World Bank Group)
A new brief published by the World Bank group explores climate auctions as a new alternative in the decision making process of allocating public funding to commercially developed mitigation projects.
Leveraging Public Finance for Coastal Adaptation (Deltares and GCF)
Coastal adaptation investment presents clear opportunities for social welfare improvements, particularly for densely populated areas with high levels of economic activity. This policy brief by Deltares and Global Climate Forum
