G20 economies are pricing more carbon emissions but stronger globally more coherent policy action is needed to meet climate goals, says OECD
Almost half of all energy-related CO2 emissions in G20 economies are now covered by a carbon price, as several countries introduced or extended carbon taxes or emissions trading systems in the last few years. More needs to be done using the full range of policy tools, if countries are to match their long-term climate ambitions with outcomes, according to a new OECD report: Carbon Pricing in Times of COVID-19: What Has ...
Governments should make better use of energy taxation to address climate change
Taxes are effective at cutting harmful emissions from energy use, but governments could make better use of them. Greater reliance on energy taxation is needed to strengthen efforts to tackle the principal source of both greenhouse gas emissions and air pollution, according to a new OECD report “Taxing Energy Use 2018: Companion to the Taxing Energy Use Database”, which report was released on 14 February 2018. Taxing Energy Use 2018 ...