Energy
News
Fintech Applications for Boosting Climate Finance
The International Monetary Fund provides insights into the climate fintech ecosystem and its role in attracting investment. Climate fintech operates at the intersection of climate change, financial services, and digital
Accelerating an Equitable Transition: Policy Guidelines for Impact
The World Economic Forum has introduced a tool to evaluate the extent of climate inequalities and to develop comprehensive policies that promote a fair transition. Historically, high-income countries have been
Accelerating Sustainable Finance for Emerging Markets and Developing Economies
The Climate Policy initiative examines the priorities defined by the G20 Sustainable Finance Working Group to enhance the mobilization of resources for sustainable finance, particularly focusing on the role of
Reports
Detox Development: Repurposing Environmentally Harmful Subsidies (WB)
A new World Bank report examines how subsidy reform can help safeguard the world’s foundational natural assets – clean air, land, and oceans. These assets are critical for human health
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.
Update on Recent Progress in Reform of Inefficient Fossil-Fuel Subsidies that Encourage Wasteful Consumption 2021 (OECD, IEA)
This report informs on latest trends in 2020 data on support for fossil fuels and offers good practices and lessons learned emerging from country experiences, as reflected in the growing body of G20 peer reviews.
Policy Briefs
Fossil Fuel Subsidies Reform
Introduction Fossil fuels are the single largest contributor to greenhouse gas emissions, making it urgent to accelerate the transition towards other forms of energy (IPCC, 2022). The phasing out of inefficient
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.
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.
