Although developing countries may gain significantly from global mitigation efforts in the long run, given their greater exposure to climate risks, in the short run they may have little incentive to undertake costly emission reductions. Can the CBAM incentivize them to comply?
This column analyses the effectiveness of carbon taxes and border tax adjustment policies in reducing emissions and shaping firms’ decisions on abatement investment and firm location.
Today’s food systems generate $12 trillion in hidden social, economic, and environmental costs. It prioritizes volume over nutritional value, fails to pay a living wage while creating sizeable profits for a concentrated set of players, and treats the natural environment as an infinite resource – resulting in massive waste and undermining the stability of the entire food system and global economy.
The report reinforces the need for countries to develop Green New Deals for the economy post COVID-19 and offers recommendations to policymakers on the most effective design for COVID-19 recovery packages while facing budget shortfalls, rising debt, and declining tax revenues.
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.