Economic Instruments for a Low-carbon Future PDF Download

Author: Theodoros Zachariadis
Publisher: Edward Elgar Publishing
ISBN: 1839109912
Category : Law
Languages : en
Pages : 259

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Book Description
Critically assessing recent developments in environmental and tax legislation, and in particular low-carbon strategies, this timely book analyses the implementation of market-based instruments for achieving climate stabilisation objectives around the world.

Author: Marianne Fay
Publisher: World Bank Publications
ISBN: 1464806063
Category : Business & Economics
Languages : en
Pages : 185

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Book Description
The science is unequivocal: stabilizing climate change implies bringing net carbon emissions to zero. This must be done by 2100 if we are to keep climate change anywhere near the 2oC warming that world leaders have set as the maximum acceptable limit. Decarbonizing Development: Three Steps to a Zero-Carbon Future looks at what it would take to decarbonize the world economy by 2100 in a way that is compatible with countries' broader development goals. Here is what needs to be done: -Act early with an eye on the end-goal. To best achieve a given reduction in emissions in 2030 depends on whether this is the final target or a step towards zero net emissions. -Go beyond prices with a policy package that triggers changes in investment patterns, technologies and behaviors. Carbon pricing is necessary for an efficient transition toward decarbonization. It is an efficient way to raise revenue, which can be used to support poverty reduction or reduce other taxes. Policymakers need to adopt measures that trigger the required changes in investment patterns, behaviors, and technologies - and if carbon pricing is temporarily impossible, use these measures as a substitute. -Mind the political economy and smooth the transition for those who stand to be most affected. Reforms live or die based on the political economy. A climate policy package must be attractive to a majority of voters and avoid impacts that appear unfair or are concentrated on a region, sector or community. Reforms have to smooth the transition for those who stand to be affected, by protecting vulnerable people but also sometimes compensating powerful lobbies.

Author: Miria Pigato
Publisher: World Bank Publications
ISBN: 1464815003
Category : Business & Economics
Languages : en
Pages : 231

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Book Description
Technological revolutions have increased the world’s wealth unevenly and in ways that have accelerated climate change. This report argues that achieving The Paris Agreement’s objectives would require a massive transfer of existing and commercially proven low-carbon technologies (LCT) from high-income to developing countries where the bulk of future emissions is expected to occur. This mass deployment is not only a necessity but also an opportunity: Policies to deploy LCT can help countries achieve economic and other development objectives, like improving human health, in addition to reducing greenhouse gases (GHGs). Additionally, LCT deployment offers an opportunity for countries with sufficient capabilities to benefit from participation in global value chains and produce and export LCTs. Finally, the report calls for a greater international involvement in supporting the poorest countries, which have the least access to LCT and finance and the most underdeveloped physical, technological, and institutional capabilities that are essential to benefit from technology.

Author: Yakubu, Ibrahim Nandom
Publisher: IGI Global
ISBN: 1668492741
Category : Political Science
Languages : en
Pages : 299

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Book Description
Climate change has emerged as one of the most severe global threats in recent years, necessitating urgent interventions. The Paris Agreement on climate change and the United Nations through the Sustainable Development Goals (SDGs) have established ingenious targets for mitigating greenhouse gas emissions, thus charting a path to a more ecologically friendly energy system. Energy accessibility is often restricted in developing economies, where conventional energy sources like coal, oil, and natural gas are still primarily utilized. However, the inimical effects of traditional energy sources such as fossil fuels on the environment and health and the quest for measures to counteract climate change have sparked a growing interest in renewable energy in these countries. Renewable energy can provide several benefits to developing countries, including job creation, improved energy access and security, and reduced reliance on imported fossil fuels. The potential for developing countries to contribute significantly to the energy transition drive is obvious. Nonetheless, they encounter numerous peculiar constraints, including restricted access to financing, infrastructure deficit, and a lack of technical competence that challenge the transition process. Also, the need for proper oversight and accountability in the energy sector in most developing countries impedes the ability of governments to adopt effective policies to enhance the efficacy of the sector. Fundamentally, the energy transition in developing markets is a challenging and heterogeneous process that necessitates a multidimensional approach encompassing regulatory policies, institutional frameworks, and technological integration for a sustainable energy system. Governance Quality, Fiscal Policy, and the Path to a Low-Carbon Future: Perspectives From Developing Economies provides a comprehensive overview of the role of governance quality and fiscal policy in shaping the path toward more sustainable, renewable energy sources. Covering several key themes, including the relationship between institutional quality and renewable energy adoption, emission trading systems, green finance, climate resilience, and climate-induced migration, among others, this premier reference work aims to provide policymakers, academics, practitioners, and students with valuable insights, practical recommendations, and a deeper understanding of the energy transition landscape in developing economies.

Author: World Intellectual Property Organization
Publisher: WIPO
ISBN:
Category : Law
Languages : en
Pages : 35

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Book Description
Achieving the ambition of limiting global warming to 1.5°C to 2°C by the end of the century as enacted in the Paris Climate Agreement will require massive investments in environmental technologies and a forceful change of path away from high-carbon technologies. This report presents novel descriptive evidence on global trends in patenting in low-carbon technologies, with a particular focus on the energy and road transport sector. The analysis discusses the role of public policies in driving the rate and the direction of innovation for a low-carbon future.

Author: Venkatachalam Anbumozhi
Publisher: Springer
ISBN: 981108582X
Category : Business & Economics
Languages : en
Pages : 438

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Book Description
This book is the first comprehensive assessment of the state of low-carbon investments in Asia, analyzing the rationales, mandates and public–private financing activities. Based on the experiences of several regional initiatives wherein public financing is catalyzing private investments in low-carbon infrastructure, this book proposes a framework that can be used as a tool to identify factors that influence private investment decisions and policy instruments that can scale up the private capital. Placing the Asian economies onto a low-carbon development pathway requires an unprecedented shift in investments. This book addresses this situation by asking questions such as: • What is the central role of private finance in achieving the Paris Agreement targets? • What key policy levers and risk mitigation can governments use in an effort to unlock the potentials of private capital? • How can regionally coordinated actions hold significant promise for scaling up private investments?

Author: Rainer Stark
Publisher: Springer
ISBN: 3319485148
Category : Technology & Engineering
Languages : en
Pages : 286

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Book Description
This edited volume presents the research results of the Collaborative Research Center 1026 “Sustainable manufacturing - shaping global value creation”. The book aims at providing a reference guide of sustainable manufacturing for researchers, describing methodologies for development of sustainable manufacturing solutions. The volume is structured in four chapters covering the following topics: sustainable manufacturing technology, sustainable product development, sustainable value creation networks and systematic change towards sustainable manufacturing. The target audience comprises both researchers and practitioners in the field of sustainable manufacturing, but the book may also be beneficial for graduate students.

Author: H. Herring
Publisher: Springer
ISBN: 1137264896
Category : Political Science
Languages : en
Pages : 239

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Book Description
Combining theory, case studies and speculative fiction, a range of contributors, from leading UK academics to pioneering renewable activists, create a compelling picture of the potential perks and pitfalls of a low carbon future.

Author: Rudolph, Sven
Publisher: Edward Elgar Publishing
ISBN: 1839109092
Category : Law
Languages : en
Pages : 272

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Book Description
In this timely book, Sven Rudolph and Elena Aydos take an interdisciplinary approach that combines sustainability economics, political economy, and legal concepts to answer two fundamental questions: How can carbon markets be designed to be effective, efficient and just at the same time? And how can the political barriers to sustainable carbon markets be overcome? The authors advance existing theoretical frameworks and examine empirical data from various real-life emissions trading schemes, identifying strategies and policy windows for implementing truly sustainable ETS.

Author: Gareth Anderson
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 52

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Book Description
Nearly all countries in the Middle East and Central Asia have pledged to contain greenhouse gas emissions as part of the Paris Agreement. The purpose of this paper is to identify the menu of fiscal policy options which would allow the region to fulfil its missions reduction commitment. Specifically, the paper examines and estimates the tradeoff between two broad categories of fiscal policies: public investments in renewable sources of energy and measures that raise the effective price of fossil fuels. Such a dichotomy captures the key medium-term macroeconomic and long-term intergenerational trade-offs that are arguably the most pertinent for the countries in the Middle East and Central Asia where governments are likely to play a leading role in the low-carbon transition. At one end of this tradeoff, a gradual removal of all fuel subsidies and, in addition, a phased introduction of a carbon tax of $8 per metric-ton of CO2-equivalent in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) and $4 in the Caucasus and Central Asia (CCA) over the next eight years could achieve the region’s 2030 emissions abatement goals without additional investments in renewables. T Alternatively, additional combined public investments of close to US$900 billion in renewable sources of energy between 2023 and 2030 would allow achieving the region’s emissions reduction targets with fuel subsidies reduced by two thirds and without any carbon tax. In practice, most countries are likely to choose a mix of these policies based on their individual circumstances. Importantly, the deployment of non-fiscal mitigation policies—such as tightening of environmental regulations, such as raising emissions standards, or incentivizing green private investments—could play an important role in reducing the required fiscal effort and improving the tradeoff described above. Global and regional initiatives to provide affordable financial support and technological assistance would be equally important in improving the region’s economic options. Regardless of the chosen strategy, delaying the rollout of mitigation policies would make achieving the emissions reduction targets more difficult and costly. Therefore, an early start will be essential to tread a smoother path toward a low-carbon future in the Middle East and Central Asia.