Countries have pledged to stabilize global warming at a 1.5 to 2°C increase. Either target requires reaching net zero emissions before the end of the century, which implies a major transformation of the economic system. This paper reviews the literature on how policymakers can design climate...

Carbon taxes and fossil fuel subsidy reforms have been recognized as an efficient means to mobilize substantive domestic resources for sustainable development. Yet, despite their advantages compared to other taxes, concerns about potential adverse impacts on poverty and inequality have...

In this article, we discuss the future of U.S. climate policy within the context of the Green New Deal (GND). The GND has many features and this article is not meant to provide a comprehensive evaluation of all components of it. Rather, we focus on carbon pricing and whether it, rather than...

While Tanzania's greenhouse gas emission levels still seem low by international comparison, the country is rapidly carbonizing, and most households still rely on kerosene, charcoal, and firewood for cooking and lighting. Carbon pricing can be an effective tool to discourage the creation of high...

This brief focuses on the role carbon pricing can play in the COVID-19 recovery and in reaching national and international climate goals, such as those in the Paris Agreement. It outlines the carbon pricing policy changes (Emissions Trading Schemes (ETS), fossil fuel support (FFS), carbon, fuel...

The Republic of Korea fully launched its green finance scheme in 2009 and then introduced the environmental information disclosure system and the emission trading scheme in 2013 and 2015, respectively. However, their use has not increased dramatically, as the public sector has taken the major...

Linking of two or more cap-and-trade systems promises gains in cost effectiveness and signals a strong commitment to carbon policy. Linking is also seen as one possible way of converging from regional climate policy initiatives toward a global climate policy architecture. Moreover, linking may...

The Paris Agreement invites signatory countries to formulate and communicate long-term low greenhouse gas emission development strategies (LT-LEDS). This report compares the experience of three developed countries that have communicated LT-LEDS within the framework of the United Nations...

This paper explores whether and how well the Philippines' Nationally Determined Contribution (NDC) and National Climate Budget (NCB), derived from the national climate change expenditure tagging system (CCET), are aligned. The CCET was operationalized in 2015 to "provide line and oversight...

Chapter 1. Exploring road to carbon neutrality: Crossroads between the past and next 40 years -- Chapter 2. Carbon neutrality: Innovation and fairness -- Chapter 3. Is there a unified carbon price for all industries? -- Chapter 4. Green finance: Clarifying functions and capacity -- Chapter 5....