Carbon Pricing

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The IMF, Carbon Pricing and Explicit and Implicit Fossil Fuels Subsidies Here are two terms that anyone who wants to preserve a stable climate needs to know: explicit fossil fuel subsidies and implicit fossil fuel subsidies. Explicit fossil fuel subsidies from governments directly reduce the price of fossil fuels, thus making it attractive to investors…

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Yesterday the President of COP28, Sultan Al Jaber, laid out his strategy for the summit and if fulfilled it could be ground breaking. Al Jaber reconfirmed the commitment to keeping below 1.5 Celsius, which did seem threatened last year. He has also removed the word emissions from the plan to phase out fossil fuels, observers…