Carbon pricing is a recurrent theme in debates on climate policy. Discarded at the 2009 COP in Copenhagen, it remained part of deliberations for a climate agreement in subsequent years. As there is still much misunderstanding about the many reasons to implement a global carbon price, ideological...

In November 2018, the European Commission published its Strategic Long-Term Vision entitled “A Clean Planet for all” calling for the target of net-zero greenhouse gas emissions by 2050. This proposal was subsequently agreed upon by EU heads of state and government, it features centrally in...

The aim of the analysis is to estimate the impact of Cohesion Policy in the programming period 2014-2020 on the EU climate and energy targets in 9 chosen European countries and on transition into low-carbon economies. The paper discusses benefits expected at the beginning of the 2014-2020...

We provide ex-post empirical analysis of the effects of climate policies on carbon dioxide emissions at the aggregate national level. Our results are based on a comprehensive database of 121 countries. As climate policies we examine carbon taxes and emissions trading systems (ETS), as well as...

There are demands on central banks and financial regulators to take on new responsibilities for supporting the transition to a low-carbon economy. Regulators can indeed facilitate the reorientation of financial flows necessary for the transition. But their powers should not be overestimated....

The UK has pledged to cut greenhouse gases 68 percent below 1990 levels by 2030, to be emissions neutral by 2050, and to phase out internal combustion engine vehicles by 2030. Much progress has been made, but fully achieving these ambitious objectives with the current policy framework will be...