The effectiveness of carbon pricing as a market-based policy tool with economy-wide transformation potential has increasingly rendered it the instrument of choice among policy makers responding to challenges posed by climate change. However, the potential for jurisdictions to introduce carbon...

The European Commission’s (EC) proposed Carbon Border Adjustment Mechanism (CBAM) is meant to mirror the carbon price of the EU Emissions Trading System (EU ETS) for several imported goods. While the CBAM can rely on certain aspects of the EU ETS regarding its costs and compliance obligations,...

A broad consensus exists that carbon pricing is key for cost-effective emission reductions and that it must play a major role in driving the transition to a climate-neutral economy. However, despite significant progress in wider climate policy uptake in recent years, the vast majority of...

The paper “Making EU Governance Fit for Net Zero” analyses the current landscape of climate policy governance against eight core parameters at EU level and for Member States, and identifies a number of remaining weaknesses. Improvements should address several key processes, such as updating...

Achieving the Paris Agreement Long-term temperature goal (PA LTTG) requires closing the 2030 ambition and action gap between emissions levels consistent with the Paris Agreement and emissions levels projected with current targets and policies. G20 countries have a crucial role to play in...

To increase climate policy ambitions and achieve carbon neutrality, countries need to take much more ambitious action already in the coming decade. One of the key areas of action is the transformation of our food systems towards sustainability. In this regard, two aspects stand out as having a...

Achieving the Paris Agreement long-term temperature goal requires efforts for rapidly reducing GHG emissions while also increasing CO2 removals by sinks. G20 countries have a crucial role to play in increasing climate policy ambition. Land use change contributes 15 % of current global...