OECD urges efforts to better price carbon as new analysis finds that 90% of CO2-emissions are priced below EUR 30 per tonne, a low-end estimate of climate damage, and 60% are not priced at all. Effective Carbon Rates in the OECD and Selected Partner Economies calculates effective carbon rates (ECR) on CO2-emissions from energy use for 41 countries which together use 80% of global emissions.
The world looks to the Paris Conference of the Parties to deliver a new climate agreement that transforms our development pathway. Success at COP21 can drive and accelerate the transition to a cleaner, healthier and more secure future, locking-in sustainable economic growth and development.
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Climate change mitigation requires globally, at national levels and locally, and across a range of policy areas. Priorities include widening the scope of carbon markets and investing more in innovative technologies. Efforts to cut emissions need to be stepped up, both in energy-related areas and in sectors like industry, agriculture and waste.
Over the past year, OECD Insights has published a series of blogs from contributors inside and outside the Organisation on the issues being debated over the next two weeks at COP21 in Paris. Here they are, in alphabetical order by title.
Following is a list of OECD activities and events during the COP21 UN Conference on Climate Change. You can visit the OECD Pavilion in Hall 3 (Blue Zone) at any time to attend events (complete list of OECD events at COP21) and browse OECD reports & dataviz on climate change and the environment. Please contact Catherine Bremer (firstname.lastname@example.org, 0603 483456) for interview requests.
The UN Conference on Climate Change (COP21) in Paris 30 November-11 December is a once-in-a-generation opportunity to reach a new international agreement to combat climate change and accelerate our transition to a low-carbon economy. The “carbon entanglement” of our economies is keeping us on a collision course with nature.
An early leader in environmental policy, the Netherlands has decoupled greenhouse gas emissions from economic growth and virtually eliminated landfilling over the past decade. Yet a very fossil fuel-intensive energy mix and looming pressures from traffic congestion and intensive farming are creating new challenges, according to a new OECD report.
Tackling climate change may be costly, but not tackling it will cost even more. And the longer we wait to act, the more our environment, our health and our economies will be damaged. Find out more about the likely impacts of rising GHG concentrations on global temperature, and how that will affect all of us.
Transport accounts for nearly a quarter of carbon dioxide emissions from fuel combustion. The price attached to these emissions is critical to climate policies and emissions mitigation efforts in the sector. As the impact of emissions on climate does not depend on where CO2 is released, the price of carbon should be uniform. In reality, however, it varies immensely, reflecting the complexity of assessing climate impacts.
This report reviews the three key challenges in considering the effects of carbon dioxide emissions in economic appraisal: the valuation of carbon dioxide emissions, the treatment of uncertainty in climate change and the approach used to discounting future costs and benefits. The report reviews current approaches in selected countries (France, Germany, Japan, The Netherlands, New Zealand, Norway, Sweden, the United Kingdom and the United States) and provides examples of good practice and recommendations for national and international policy making.
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Tackling climate change will require action in three key areas. First, we must strengthen carbon pricing and remove fossil fuel subsidies. Second, we must remove barriers to green investment. And third, we must align policies across the economy to leave fossil fuels behind and improve transparency on climate finance.