Under the Paris Agreement, most countries have committed to Nationally Determined Contributions (NDCs) to reduce greenhouse gas (GHG) emissions. Many countries have integrated these efforts into their...
Sustainable development experts and policy makers expect carbon markets to drive climate finance and help meet climate goals. Carbon pricing and carbon markets continue to evolve and grow. New schemes...
This paper empirically examines the multiple impacts of alternative, major fiscal instruments on decarbonization in countries in the Middle East and North Africa. It also examines the effects of decarbonization...
This note specifically focuses on explaining the impact of the application of the EU’s Carbon Border Adjustment Mechanism (CBAM) on the economy of the Republic of North Macedonia as requested by the authorities...
Carbon markets could be a game changer in advancing climate action. But they have to be trustworthy, transparent, result in real climate mitigation and bring tangible benefits, especially for developing...
The brick industry is one of the primary sources of carbon dioxide emissions and local air pollutants in Nepal. Coal, which accounts for one-third of the current national carbon dioxide emissions from...
This study investigates the emission reduction effects of a mix of market-based climate policies in Australia, where a dramatic ramp-up of incentives for renewable electricity generation was paired with...
The Arab Republic of Egypt is the 24th largest carbon dioxide emitter from fossil fuel combustion in the world and the third largest emitter in the Middle East and North Africa region after the Islamic...
This paper analyzes the effects of carbon taxation and border carbon adjustments in a setting where firms can choose to respond to taxation by abating or by outsourcing part of their production. For this...
Developing countries are increasingly giving attention to carbon pricing to reduce their emissions, particularly in meeting their nationally determined contribution under the Paris Climate Agreement. However...
This paper estimates the effects of gradually introducing a US$25/ton CO2-equivalent carbon tax in South Asian economies using the Climate Policy Assessment Tool (CPAT). The results for South Asia suggest...
This paper provides in interim update on the status of technical prototyping activities that were conducted by the World Bank’s Carbon Markets & Innovation (SCCMI) unit under the Climate Change group and...
This paper compares the effectiveness of different fiscal policy instruments, carbon pricing, fiscal incentives for private green investments, and public green investment, in supporting a green recovery...
As its Nationally Determined Contribution, China has committed to reduce the emission intensity of its economy by 65 percent below its 2005 level by 2030, to help achieve the objectives of the Paris Climate...
Developing countries face a major challenge of decarbonizing their light-duty vehicle fleet and transitioning to the broad use of electric vehicles. However, there is little evidence on which policies...
Carbon pricing is increasingly used by governments to reduce emissions. The effect of carbon pricing on economic outcomes as well as mitigating factors has been studied extensively since the early 1990s...
Carbon prices are needed to incorporate climate change costs into economic decision making. Carbon pricing should be included as part of a broader arsenal of tools to achieve domestic climate targets...