The present endeavour attempts to assess the impact of increased carbon emissions on the global mean annual temperature by employing an autoregressive distributed lag model (ARDL) on time series data for 1970-2020. The study aims to predict the expected increase in global mean temperature until...

This paper examines the role of domestic elections and political polarisation in shaping international environmental agreements and how electoral dynamics may explain the limited success of current climate cooperation. I focus on two key factors: the impact of domestic electoral pressure on...

The study explores the complex role of Philippine agriculture, both as a contributor to and a victim of climate change. The agriculture sector, responsible for 23 percent of the country's greenhouse gas (GHG) emissions, simultaneously faces severe losses from extreme climate events, accounting...

The Paris Agreement requires policy makers to keep the increase in global average temperature well below 2°C above pre-industrial levels, while pursuing efforts to limit the increase to 1.5°C. Furthermore, it demands finance flows to be consistent with pathways towards low greenhouse gas...

Making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development is one of the objectives of the Paris Agreement. Limiting global temperature rise and achieving resilience goals will not be possible without aligning finance, both in the real...

The Paris Agreement on Climate Change requests signatory countries to specify voluntary caps on their greenhouse gas emissions. The caps stated by the end of 2021 imply percentage emission reductions that vary widely across countries. This paper uses globally representative data from the Global...

System models help policymakers to produce net zero decarbonization pathways. In 2019, Costa Rica launched its National Decarbonization Plan (NDP) - constructed using a detailed Open-Source energy Modelling System (OSeMOSYS-CR) model and simplified ones for non-energy sectors. The country then...

The signatories of the Paris Agreement are required to submit new nationally determined contributions (NDCs) by 10 February 2025, laying out targets for 2035. These third generation NDCs - "NDCs 3.0" - are supposed to serve as comprehensive investment and transformation plans and incorporate the...

Das Pariser Klimaabkommen sieht vor, die globale Erderwärmung auf unter 2°C gegenüber dem vorindustriellen Niveau zu begrenzen. Eine Herausforderung, deren Erfolg von der internationalen Kooperation der Mitgliedsstaaten abhängt und noch in weiter Ferne liegt. In diesem Policy Brief zeigen...

This paper examines the role of domestic elections and political polarisation in shaping international environmental agreements and how electoral dynamics may explain the limited success of current climate cooperation. I focus on two key factors: the impact of domestic electoral pressure on...

All countries in Sub-Saharan Africa have submitted Nationally Determined Contributions (NDCs) as part of their respective commitments to climate action, and they will start to share updated versions of their NDCs in 2025. While various analyses have documented and analysed the significant...

The United States will play a crucial role in global climate protection in what has been called the "super election year" of 2024. After three-and-a-half years of having scored huge successes in climate protection, President Joe Biden could be succeeded by Donald Trump in January 2025, according...

The outcome of the 28th UN Climate Change Conference shows that international co­operation remains possible despite today’s challenging geopolitical situation. Instead of the feared blockade, an agreement was reached for the first time - some three decades after the start of the COP process -...

The report of the Joint Task Force on Climate Action, Carbon Pricing, and Policy Spillovers, with participation by the IMF, OECD, UNCTAD, World Bank, and WTO, makes four main contributions. First, it reflects on a common understanding of carbon pricing metrics which inform on the incentives to...

The 29th Climate Change Conference (COP29) in Baku revealed a shift in the balance of power in international climate politics following the US elections. While China played a constructive role in the negotiations on international climate finance, vulnerable countries were forced to make painful...

Climate and environmental issues will likely impact the financial system's stability as they become more pervasive and tangible. As a result, the appropriate financial regulatory and supervisory measures must be in place. This article discusses the challenges faced by financial institutions and...

The 27th Conference of the Parties (COP 27) to the United Nations Framework Conven­tion on Climate Change (UNFCCC) in Sharm el-Sheikh, Egypt, was marked by multiple crises and the shaken confidence of developing countries in the multilateral process. Nonetheless, an agreement was reached on the...

This report examines how, and under which circumstances different forms of financing are suitable for results- or transfer-based mechanisms for reducing emissions from deforestation and forest degradation as well as enhancing removals in forests (REDD+) in the context of different countries and...

This paper addresses the optimal role for state mitigation policy in the face of insufficient federal action. It contrasts a first-best regime of robust global carbon pricing, in which the proper role for sub-national governments would be limited to complementary policies like land use reform...

Carbon pricing has been adopted as a key climate policy measure in an increasing number of jurisdictions. With much of the world moving towards net-zero targets since the entry into force of the Paris Agreement, carbon pricing instruments now operate in a different context for climate policy...

In support of the Climate Action Teams initiative, we evaluate Chile's potential for greenhouse gas (GHG) mitigation beyond its Nationally Determined Contributions (NDCs) through implementing ambitious actions. An open multisector model is used to project GHG emissions. The results indicate that...

We examine the impact of firms’ voluntary climate disclosure on the stock market’s reaction to climate change policy. Using the Paris Agreement as an exogenous shock to climate policy and novel measures of climate-related disclosure developed in recent literature, we find that...

For its abundant fossil resources, the Central Asia and Caspian region plays a strategic role in the energy security of major markets, such as Europe and China. However, this dependence on export, added to a firm reliance on fossil fuels for internal consumption, represents a significant...

This policy brief explores different options for the EU to promote the integrity of corporate climate action through activities within as well as outside the EU and partially making use of the Article 6 infrastructure. Taking into consideration the new framework conditions established with the...

The upcoming United Nations Climate Change Conference in Dubai (COP28) will see a new round of battle regarding the call to phase out fossil fuels. Intense debates have taken place in Germany and the European Union (EU) to determine positions in the run-up to the conference. The main point of...

Climate change is leading to increasing displacement and migration, as well as involuntary immobility. The associated challenges and costs have long been neglected in the international climate negotiations. Until now, efforts to open up mobility choices for people negatively affected by climate...

Many challenges should be tackled in transitioning to a low-carbon energy system, motivating many researchers to study these challenges. In this context, the present study aims to identify challenges through a systematic literature review of studies published between 2006 and 2023 to propose a...

Climate and environmental issues will likely impact the financial system’s stability as they become more pervasive and tangible. As a result, the appropriate financial regulatory and supervisory measures must be in place. This article discusses the challenges faced by financial institutions...