Energy

News

Role of Fiscal Policies in a Green COVID-19 Recovery: Experience, Best Practice and Next Steps in the Asia-Pacific Region

This workshop, organized by GFPN and UNESCAP, explored the potential role of green fiscal policies in greening the Covid-19 recovery with the aim of supporting public health efforts, reducing environmental and climate change risks, and strengthening resilience to future crises by embedding inclusive and sustainable socio-economic considerations in national economic planning.

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Reports

Sustainable Recovery Tracker (IEA)

The new IEA Sustainable Recovery Tracker measures global recovery plans against this target level of spending by monitoring energy-related policies and government spending on clean energy measures by country and by sector in the wake of the pandemic.

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Policy Briefs

Fiscal policies for a low-carbon economy

Research on climate economics finds that green bonds can accelerate a low-carbon transition, may have a positive impact on aggregate output and employment, help to advance renewable energy technology, address better the issue of fair transition, and be a stabilizing force on the financial market compared to conventional, in particular fossil fuel-based, assets.

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Carbon taxation and inflation: Evidence from Europe and Canada

Model-based studies on the effect of carbon taxation point to sizeable inflationary effects. This column uses evidence from Canada and Europe over the past three decades to show that carbon taxes changed relative prices but did not increase the overall price level. Instead, they were slightly deflationary. Income compression was most pronounced among the richest households, suggesting that the redistribution scheme achieved its intended aim of favouring low-income households.

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