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...

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 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...