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The Partnership for Market Readiness (PMR) is a global partnership, which provides funding and technical assistance to support the design and development of market-based instruments to reduce greenhouse gas (GHG) emissions. The PMR is country-led and builds on countries own mitigation...
Persistent link: https://www.econbiz.de/10012564467
The Paris Agreement, with its universal requirement on all countries to submit nationally determined contributions (NDCs), marks a significant change for the framework of international cooperation through carbon markets. With all countries committing themselves to climate action to reduce...
Persistent link: https://www.econbiz.de/10012544673
Carbon pricing can reduce emissions cost-effectively, and it can also generate a number of other benefits. This guide provides an overview of these benefits to help policy makers advance a variety of sustainable development objectives in their own countries and around the world. Carbon prices...
Persistent link: https://www.econbiz.de/10012544682
The World Bank's partnership for market readiness (PMR), through grant support and technical assistance, supported 23 emerging economies and developing countries in building their institutional and human capacities to design, institute, and implement carbon pricing instruments, such as emission...
Persistent link: https://www.econbiz.de/10012603497
Putting a price on carbon can be an indispensable part of a country's strategy to reduce emissions in an efficient way. Furthermore, putting a price on carbon through international carbon markets can also offer significant cost benefits and enable flexibility in achieving emission reduction...
Persistent link: https://www.econbiz.de/10012603498
South Africa has a comprehensive climate change response strategy to support the transition to a low carbon economy and a climate-resilient society. Improving the national Greenhouse Gas (GHG) inventory and implementing a carbon tax are but two elements that form part of this transition....
Persistent link: https://www.econbiz.de/10012644981
South Africa's National Climate Change Response Policy (NCCRP) sets out a number of key goals. Reaching these goals will enable South Africa to meet its commitments under the United Nations Framework Convention on Climate Change (UNFCCC). They key elements that will ensure South Africa can...
Persistent link: https://www.econbiz.de/10012644982
Carbon pricing instruments (CPIs) involve large legal and financial interests. Trust in the accuracy and integrity of the reported data is therefore a prerequisite for a well-functioning instrument. To ensure accuracy and integrity of data, a robust monitoring, reporting, and verification (MRV)...
Persistent link: https://www.econbiz.de/10012645945
Carbon pricing is an important instrument in addressing climate change. However, a well-functioning carbon pricing instrument needs a robust framework to quantify GHG emissions (including removals) underpinned by high quality data. This data can help policy makers set the level of a carbon tax...
Persistent link: https://www.econbiz.de/10012647494
This paper provides recommendations for combining the carbon budget with the carbon tax to support delivery of South Africa's emissions reduction targets beyond 2020. The analysis involved comparing four categories of policy alignment options, including layering, 'tax enforces budget' option,...
Persistent link: https://www.econbiz.de/10012246969