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...

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...

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...

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...

There is growing interest in international coordination over climate mitigation policy. Climate clubs or international carbon price floors could complement the Paris Agreement by helping to deliver the near-term cuts in global greenhouse gas emissions needed to contain global warming to 1.5 to...

In December 2022, CCSI published a report on the roadblocks and drivers of renewable energy investment. Distilling solutions from international experience, the report, "Scaling Investment in Renewable Energy Generation to Achieve Sustainable Development Goals 7 (Affordable and Clean Energy) and...

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...

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...

Plurilateral initiatives are again gaining importance in climate diplomacy as a complement to multilateral efforts – not least in view of the lack of progress in implementing the Paris Agreement and more difficult conditions in the UN process. New alliances are expected to facilitate agreement...

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...

With the publication of its Synthesis Report in March 2023, the Intergovernmental Panel on Climate Change (IPCC) has completed its work programme for the sixth assess­ment cycle. The IPCC reports, and in particular the respective Summary for Policy Makers (SPM), provide a scientific basis for...

Entrenched positions, particularly between industrialised countries and some major emerging economies, dominated negotiations at June’s UN Climate Change Conference in Bonn. Disagreements over the interpretation of “common but differentiated responsibilities” and the principle of equity...

Der Verkehrssektor steht mit Blick auf die Klimaziele und angesichts seiner bislang ausgebliebenen Erfolge bei der Treibhausgasreduktion vor großen Herausforderungen. Getrieben wird der hohe Ausstoß auch durch eine Infrastrukturpolitik, die den Straßenverkehr stark begünstigt. Diese...

International cooperation is at the core of multilateral climate policy. How is its effectiveness harmed by individual countries dropping out of the global mitigation effort? We develop a multisector structural trade model with emissions from production and a constant elasticity of fossil fuel...

Whereas South American countries are experiencing increased population movements in the context of climate change, the international climate governance agenda calls for the adoption of specialised legislation and for enhanced cooperation among different policy frameworks. The revision and update...

Following high-profile United Nations climate summits in Glasgow and Paris, sub-national regions and cities are increasingly seeking to set climate targets and policies in line with the Paris Agreement's goals. Downscaled carbon budgets are a useful framework for setting local mitigation targets...

The top three carbon emitters, the European Union (EU), China, and the United States (US), account for up to 50% of the global total, and actions of them are deterministic for the ambitious target of the Paris Agreement. Towards carbon neutrality, while the EU has been consistently leading and...

The report examines the role offset approaches can play in the post-2020 climate regime. For this purpose, the report first develops a conceptual approach and a normative vision of what should be viewed as successful offset use. It then proposes tools to operationalize this vision. Lastly it...

Following high profile United Nations climate summits in Glasgow and Paris, sub-national regions and cities are increasingly seeking to set climate targets and policies in line with the Paris Agreement’s goals. Downscaled carbon budgets are a useful framework for setting local mitigation...

The Paris Agreement is the first treaty under the global climate regime to mention ‘climate justice’ as a concept. Given this unprecedented legal turn of the concept, the article reports a sociolegal study of climate justice, framing and assessing the substantive policy issues arising from...

Investors’ awareness of climate risks and attention to green investments are on the rise especially after the Paris Agreement. It stands to reason that this rise in awareness has an impact on the connection between clean energy prices and oil and technology stock prices. In this paper, we test...

A transition to sustainable development and net-zero greenhouse gas emissions is key to achieve the temperature limits established by the Paris Agreement (PA) and the global sustainable development goals (SDGs) agreed in the 2030 Agenda. To explore how carbon market approaches under Article 6 of...

Der Verkehrssektor steht mit Blick auf die Klimaziele und angesichts seiner bislang ausgebliebenen Erfolge bei der Treibhausgasreduktion vor großen Herausforderungen. Getrieben wird der hohe Ausstoß auch durch eine Infrastrukturpolitik, die den Straßenverkehr stark begünstigt. Diese...

To date, processes to implement the global Sustainable Development Goals (SDGs) and international climate change mitigation and adaptation obligations are largely disconnected in most countries. This creates administrative overlaps, costs and hampers the development of effective problem...

The Climate Action Teams (CAT) initiative is a mechanism that supports international resource transfers for climate mitigation. CAT operates through government-to-government agreements based on verified mitigation outcomes beyond nationally determined contribution (NDC) commitments in one...

The success of the Paris Agreement depends in large measure on the legal and operational details of the “enhanced transparency framework” under article 13, including the transparency framework for climate financial support. The transparency framework for financial support will guide how...