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This case study describes the approach taken to reduce NOx emissions from combustion plants, the challenges encountered and the social, environmental and economic impacts. It concludes by discussing the wider lessons that are raised for other governments seeking to develop similar policy responses.
This working paper series is designed to make available to a wider readership selected studies on environmental issues. Latest release: The Political Economy of Fuel Subsidies in Colombia.
Colombia has made progress towards eliminating fuel and diesel subsidies and reducing discretionary spaces allowing for artificially low fuel prices, but challenges remain. This paper discusses the political economy of fuel subsidies in the country to understand why reform has been so slow.
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.
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.
Competitiveness and carbon leakage issues have been some of the main concerns in the implementation and discussions of climate policies. This paper examines the macroeconomic and sectoral competitiveness and carbon leakage impacts associated with a range of stylised mitigation policy scenarios.
This paper proposes a new measure of stringency to measure the consequences of environmental regulations on investment, labour demand, and patterns of international trade that would be based on emissions data and which could be constructed separately for different pollutants.
Important challenges for the future of Austrian well-being arise from demographic and environmental trends. The ageing of the population calls for a fair balance between life-time pension contributions and entitlements, drawing on the recent pension reform.
This paper provides an update on recent developments in the field of Regional Trade Agreements and the environment. Issues arising in the implementation of RTAs with environmental considerations are examined as well as experience in assessing their environmental impacts.