New OECD report: Fuel taxes less resilient than emission permit prices amid high inflation, tax rates in the road transport sector decreased between 2021 and 2023
Tax rates in the road transport sector decreased in a large majority of OECD and G20 countries between 2021 and 2023, due in part to government support and high inflation, eroding the carbon pricing signals designed to alter consumer behaviour and help countries meet climate change objectives, according to a new OECD report: Effective Carbon Rates 2023: Pricing Greenhouse Gas Emissions through Taxes and Emissions Trading. Emission trading permit prices ...
Few countries are pricing carbon high enough to meet climate targets
Governments need to raise carbon prices much faster if they are to meet their commitments on cutting emissions and slowing the pace of climate change under the Paris Agreement, according to a new OECD report as announced with a press release dated 18 September 2018 as published on the website of the OECD. Effective Carbon Rates 2018: Pricing Carbon Emissions through Taxes and Emissions Trading presents new data on taxes and ...