Asking for a climate income to tackle climate change.
Last year the IMF called for a globally applied carbon price floor corresponding to a country’s wealth, with a suggested tariff in 2021 of $75 for the wealthiest countries and $25 for less developed countries. Today in the Times (paywall) Mehreen Khan, the economics editor, makes the case for an effective international carbon pricing system rather…
CCI’s latest newsletter has further reflections on what was achieved at COP26. For the whole statement read Glasgow Pact invites historic race to enhanced climate action. From these statements and recent webinars it is clear that CCI is hugely encouraged by the completion of Article 6 ‘Paris Rulebook’ which will facilitate serious engagement with the…
Our monthly national meeting, a few days ago, focussed on the question of what CCL-UK should be doing in the few weeks between now and COP26. We were fortunate to have Joe Robertson (who will lead the International CCL delegation at COP) on the call to give us his opinions on the matter. I think…
An IMF blog about a new paper entitled Proposal for an International Carbon Price Floor among Large Emitters yesterday argued that a globally applied carbon price to cut GHG emissions by 1/4 to a 1/2 over the next decade is necessary to keep global warming below 2°C…….At the heart of our policy discussions with member…
