Environmental taxes are a widely used tool to tackle climate change around the world. According to the World Bank (World Bank, 2022), in 2022 thirty-seven carbon taxes were implemented or
The recent IPCC AR 6 synthesis report warned the world that global warming beyond 1.5℃ might be unavoidable unless limiting global greenhouse gas (GHG) emissions to peak before 2025 at
Sweden was one of the first countries to introduce a carbon tax in 1991. Authors assemble a unique dataset tracking all CO2 emissions from the Swedish manufacturing sector to estimate
This publication shares the results of a survey to help identify drivers, impediments, and priorities for Indonesia’s sustainable finance market to inform support for its development. The survey assessed institutional
As part of their efforts to cut greenhouse gas (GHG) emissions, countries have increased their use of carbon pricing through taxes or emissions trading systems, with coverage increasing across countries
How to design environmental taxes such as to reduce levels of contamination? What is the level of environmental taxation that encourages industry to adopt green technologies? How to combine environmental taxation with subsidies?
What major insights have emerged from development economics in the past decade, and how do they matter for the World Bank? This challenging question was recently posed by World Bank
Building Back Better Update – COP26: Governments are not reorienting their economies to a green future and vulnerable nations are being left behind Although COP26 has been anticipated as an
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.
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Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), Friedrich-Ebert-Allee 36 + 40, 53113 Bonn, Germany