COP23 side event: Supporting the implementation of the NDCs — the role of carbon pricing and fiscal policies

Fiscal policies such as carbon pricing and fossil fuel subsidy reform can mobilise revenues for climate finance and provide a cost-effective approach to reducing GHG emissions. The role of such instruments in supporting climate action is increasingly recognized and over 90 countries included some form of fiscal policies in their Nationally Determined Contributions (NDCs). This event examined the role of carbon pricing and fiscal policies in implementing the NDCs. It brought together a panel of experts to discuss countries’ commitments on fiscal policies in their NDCs, challenges faced and what still needs to be done to meet the Paris targets. Download the event flyer HERE and the agenda HERE. The panel was composed of members of government delegations, international organizations, and civil society groups:

• Joy Kim, Senior Economic Affairs Officer, Economy Division, UN Environment (moderator)
• Silke Karcher, Head of Division “European Climate and Energy Policy; New Market Mechanisms”, German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB)
• Kai Schlegelmilch, President, Green Budget Germany (FÖS)
• Laura Merrill, GSI Operations Manager and Senior Policy Adviser, International Institute for Sustainable Development (IISD)
• Parjiono Ciptowidarto, Director for Climate Finance and Multilateral Policy, Ministry of Finance, Indonesia

The event took place in the German Pavilion, located in the “Bonn Zone”.