A price on carbon is necessary to reduce emissions, but it is not a silver bullet to keep the global temperature rise to 1.5 degrees C. Complementary policies will be needed that address market barriers and reduce costs of emissions reductions in coming decades.
In the global battle to rein in greenhouse gas emissions and prevent disasters, most economists agree that a carbon price is a key tool in the toolbox. But what’s less commonly discussed are what policies are needed in addition to a carbon price.
WRI President and CEO Dr. Andrew Steer recently joined the IMF Podcast to explore ways fiscal policies can help countries implement climate strategies. The big takeaway: Done smartly, rapidly reducing greenhouse gas emissions will actually benefit the economy.
Representative Alexandria Ocasio-Cortez (D-NY) and Senator Ed Markey (D-MA) are reportedly teaming up on a Green New Deal proposal.There are five questions legislators will need to consider before developing a zero-carbon economy plan.
Despite growing attention on clean energy, fossil fuels still account for 80 percent of global energy consumption. Here are four ways to cost-effectively make the transition to a clean energy future.
The paper proposes a credible and rigorous methodology for assessing Paris Agreement alignment of electricity transmission and distribution (T&D) investments by development finance institutions (DFIs) and recommends that all DFIs incorporate a shadow carbon price in cost-benefit analyses of the electricity sector and work with recipient countries to develop robust long-term decarbonization plans.
Climate discussions tend to focus on raising ambition—getting countries to reduce more emissions, faster. But there’s an equally important issue that gets far less attention: ensuring climate action doesn’t leave anyone behind, particularly the world’s most vulnerable people.
The Yellow Vests movement is a reminder to governments that in the face of worsening social disparities, climate action cannot advance without ensuring benefits for all.
This report shares 2015-16 greenhouse gas (GHG) emissions for WRI’s operations, compares the data to WRI’s historic results (link to historical reports), and specific cases, called stories, from the Sustainability Initiative’s efforts to reduce these emissions. Additional analysis and data of these individual stories is shared within each story, including WRI’s vegetarian food policy, carbon price on business travel, recycling program, and the work of the Sustainability Champions in WRI’s U.S. and Brazil offices.
Today Republican Congressman Carlos Curbelo introduced the Market Choice Act, co-sponsored by Congressman Brian Fitzpatrick (R-PA). The legislation would charge for carbon emissions from fuel combustion and large industrial sources.
On June 26, Kevin Kennedy testified before the Subcommittee on Energy (under the U.S. House of Representatives' Committee on Energy and Commerce) during a hearing entitled “The Shifting Geopolitics of Oil and Gas.”
New WRI research explores how the United States can design a carbon tax that improves the economy and achieves emissions-reduction goals.
This issue brief provides insight on how incorporating emissions target mechanism into a strong national carbon tax can help ensure the intended emission reductions are delivered. It is part of a series of WRI research devoted to designing a national carbon price in the United States.
Forty Indian companies are setting a price on their internal carbon emissions, joining a global movement.
This paper discusses a step-wise approach for companies interested in developing and implementing an internal carbon pricing scheme.
Mahindra Rise Chairman Anand Mahindra told a World Economic Forum crowd that climate action is “the next century’s biggest business and financial opportunity.”
WRI is honoring Darren Walker, President of the Ford Foundation, and Feike Sijbesma, CEO of Royal DSM, at its 2017 Courage to Lead dinner, an event recognizing bold leadership that confronts pressing environment and human development challenges.
Computers are invaluable aides to tracking deforestation. But some issues require local expertise to crack—in this case, allowing WRI to map drylands forests that add up to an area equivalent to the Amazon rainforest.
The Climate Leadership Council (CLC) has introduced an innovative proposal for a federal “carbon dividend.” The plan calls for a substantial, gradually rising, revenue-neutral carbon tax with the revenue distributed to citizens.
Mexico is establishing a carbon price in order to reduce its emissions 22 percent below 2000 levels by 2030; 50 percent by 2050. As other countries like China and Singapore pursue similar plans, they can learn from Mexico's progress.