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Carbon taxes and emission trading systems are the most cost-effective means of reducing CO2 emissions, and should be at the centre of government efforts to tackle climate change,according to a new OECD study.
This paper examines how institutional investors can access green infrastructure, the extent to which this is currently happening, and the barriers to scaling up these investment flows. Based on four case studies, broader lessons are drawn for governments on the policy settings which may support investment in green infrastructure by institutional investors.
The Government of Israel and the OECD co-organised an international conference on "Joining Forces to Develop Smart, Cost-Effective Urban Water Utilities: Policy, Economics, Environment, Regulation and Technologies" on 23 October 2013, in Tel Aviv.
The OECD is to review its chemical hazard assessment programme with the aim of providing a more specialised service for member countries from 2015.
Governments need to put together the optimal policy mix to eliminate emissions from fossil fuels in the second half of the century. Cherry-picking a few easy measures will not do the trick. There has to be progress on every front, notably with respect to carbon pricing, and that is what peer review and learning from best practice should help achieve, said OECD Secretary-General.
We must aim for their complete elimination by the second half of the century and need to come to grips with the risk of climate change. While many countries have announced ambitious targets to reduce fossil fuel emissions by 2020, and even mid-century, further efforts are needed.
Credible and consistent carbon pricing must be the cornerstone of government actions to tackle climate change, according to a new OECD report.
This paper reviews the political economy of the Canadian province of British Columbia (BC) tax in three periods: its origins, its survival in the face of political backlash, and its longer-term prospects. The BC launched North America’s first revenue-neutral carbon tax reform. The tax, applied to all combustion sources of fossil fuels, was introduced at a rate of CAD 10 per tonne of CO2.
This paper describes the features of the tax, recounts the story of its interplay between fiscal adjustment and helping meet the obligations to raise taxes, and implications for competitiveness and carbon leakage, environmental effectiveness and equity issues, and draws conclusions regarding why it happened, and provides tentative insights for other countries in a similar situation.
This event held on 18-19 September 2013 at the OECD is part of a series of seminars, organised by the OECD and the IEA, which aims to promote dialogue and enhance understanding between a wide range of experts on technical issues in the international climate change negotiations. The agenda, presentations and list of participants are now available.