Climate Change: Design Approaches for a Greenhouse Gas Reduction Program by Larry Parker
Through a series of analytical studies, policy workshops, and stakeholder meetings, CPI is demonstrating the linkages between fiscal policy and land and resource issues, and building the technical capacity of government and non-government actors to design and implement effective land use and fiscal policies. The initiative includes policy work and advisory support to public and private entities, engaging national and international groups sharing the same objectives. The Landscape of Public Climate Finance provides comprehensive information about the flows of climate finance in the country by mapping the key actors, financial instruments, and target sectors that ultimately drive investment.
CPI is supporting the Government of Indonesia in Designing a Fit-for-Purpose Environment Fund , projected to become a leading national funding mechanism to address climate change and environmental challenges. Partner Institutions. Regardless of which mechanism or suite of mechanisms is chosen, a clear long-term price is required to provide: 1 clarity for all regarding the link between human activities and greenhouse gas emissions; and 2 for investors public and private , a means to fully and fairly integrate the cost of external factors in investment decisions.
This effectively releases powerful free-market mechanisms to best allocate resources in bringing about a low-carbon future.
Reducing the UK’s emissions
To emphasize that the primary objective of policy measures should be to address climate change-related challenges — particularly progressively reducing emissions — not revenue generation. There are two significant implications of applying this principle to climate change policy-related revenues. Emission reduction policies and measures provide new sources of revenues for governments.
The result could be a decline in investment, employment and tax revenues over time, along with potential distortion of trade flows. It can also lead to carbon leakage.
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Climate change policy should recognize and seek to mitigate this risk. Governments must ensure appropriate safeguards are in place to avoid trade-exposed sectors imports and exports, as opposed to international competitors incurring unreasonable costs due to transition to a low carbon economy.
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Climate change regulation should be fully consistent with World Trade Organization rules and principles. The most cost effective reduction of greenhouse gas emissions is needed, so policy design must consider covering the broadest possible range of carbon emission activities, policy mechanisms and low carbon energy strategies across sectors internationally. An initial critical part is to ensure national plans to reduce greenhouse gas emissions are pursued in a way that does not target selected parts of an economy.
Any plans should be allocated across all relevant sectors and activities. A particular focus should be on those sectors where the most cost-effective low carbon technologies or abatement options are possible. Imposing sudden, erratic and unclear climate change policies can render parts of the economy irreversibly uncompetitive and can unnecessarily harm consumers.
Instead, policy should provide long-term price signals, incentives and time for all segments of the economy to adapt to a low-carbon future. Given the upcoming COP21 United Nations Climate Change Conference to be held in Paris in , Vinci stepped up its involvement in discussions and forums addressing climate change, the circular economy and sustainable mobility.
The Group continues to develop partnerships in these fields with the scientific community and other industry stakeholders. Progress targets Given the upcoming COP21 United Nations Climate Change Conference to be held in Paris in , Vinci stepped up its involvement in discussions and forums addressing climate change, the circular economy and sustainable mobility.
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