Climate Change
News
Consider a single carbon tax to make net zero work, economists say
Moving the economy to net zero – emitting less carbon dioxide than it consumes – will be messy and expensive unless the government has a radical rethink about how to simplify its approach to taxing greenhouse gas production.
‘Please put a price on carbon’, says Europe’s biggest utility
Countries need to put a price on carbon to help the world cut greenhouse gas emissions and limit climate warming to agreed targets, the head of Europe’s biggest utility said on Tuesday.
Britain’s confused approach to carbon pricing
A reluctance to raise the cost of natural gas is understandable, given that poorer households spend more of their income on heating their homes. But it only further underscores the importance of joined-up, coherent thinking about how Britain can hit its net zero emissions target by 2050.
Reports
Monitoring the Climate Impact of Fiscal Policy – Lessons from Tracking the COVID-19 Response (IMF)
This paper takes stock of the contributions made by these various trackers, identifies strengths and weaknesses of their methodologies, and draws lessons for assessing the climate impact of fiscal policy going forward. It finds that: trackers provided useful assessments of the (generally low) level of greenness and raised awareness; trackers’ methodologies, while valid and innovative, varied significantly with some important, if currently largely unavoidable, weaknesses; and the way forward should involve tracking the greenness of entire government budgets, rather than just their response to the COVID-19 crisis.
Biodiversity, Natural Capital and the Economy: A Policy Guide for Finance, Economic and Environment Ministers (OECD)
This report provides the latest findings and policy guidance for G7 and other countries in four key areas: measuring and mainstreaming biodiversity; aligning budgetary and fiscal policy with biodiversity; embedding biodiversity in the financial sector; and improving biodiversity outcomes linked to international trade.
Carbon pricing insights from Vietnam (ANU Zero-Carbon Energy for the Asia-Pacific Project)
Reducing greenhouse gas emissions is a matter of national interest for Vietnam, one of the most vulnerable countries to global climate change. Serious local air pollution, particularly in large cities, has also increased the case for effective emission reduction policies.
Policy Briefs
Green Recovery for Practitioners: Examples from around the world for building forward better (GIZ)
Looking at how communities, cities and countries have put the idea of a green recovery into practice, this new report presents a compilation of 23 examples from more than 20 countries worldwide.
Review of approaches to tracking climate expenditure (Institute for European Environmental Policy)
This report by the Institute for European Environmental Policy provides an analytical review of existing practices to track climate-related expenditure, identifying a range of areas where current tracking systems differ in their practical application and the possible reasons for those differences.
Halve Humanity’s Footprint On Nature To Safeguard Our Future (WWF)
Humanity is leaving a large imprint on the world we all live in. This is what we call our footprint on nature. In the last decades, we have been using
