Reaching Net Zero Emissions

2021-07-28T17:35:14-04:00July 22, 2021|

By Florence Jaumotte and Gregor Schwerhoff

عربي, 中文, Español, Français, 日本語, Português, Русский

Climate action is gaining momentum. Since the 2015 Paris Agreement, countries have intensified climate action and many have committed to reach net zero emissions by 2050, meaning that any additional carbon emissions will be offset completely by carbon emissions withdrawn from the atmosphere. […]

A Proposal to Scale Up Global Carbon Pricing

2021-06-23T14:36:16-04:00June 18, 2021|

By Vitor Gaspar and Ian Parry

عربي中文Español, Français, 日本語, Português, Русский

Between one quarter and one half. That’s how much carbon dioxide (CO2) and other greenhouse gases must fall over the next decade to keep alive the goal of restricting global warming to below 2°C. The fastest and most practical way to achieve this is by creating an international carbon price floor arrangement.

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How to Meet the European Union’s Ambitious Climate Mitigation Goals

2020-09-25T17:18:12-04:00September 24, 2020|

By Dora Iakova, Alfred Kammer, and James Roaf

عربي, 中文, Español, Français, 日本語, Português, Русский 

Last week, the President of the European Commission Ursula von der Leyen made an ambitious proposal. By 2030, the European Union would aim to reduce greenhouse gas emissions by at least 55 percent below their 1990 levels. And this is just an intermediate target. The final goal is for the EU to become climate neutral by 2050, as stated in the European Green Deal. […]

Countries Are Signing Up for Sizeable Carbon Prices

2019-03-27T09:57:28-04:00April 21, 2016|

Ian Parry-IMFBy Ian Parry

Versions in: عربي Arabic, 中文 Chinese, Français French, 日本語 Japanese,  Русский Russian, and Español Spanish

With global leaders set to start signing the landmark Paris Agreement on climate change tomorrow—April 22 is Earth Day—at the United Nations in New York, countries will embark on the potentially difficult and contentious issue of setting prices for greenhouse gas emissions, most importantly carbon dioxide (CO2). Our back of the envelope calculations show that most large emitters will need to charge anywhere from $50 to $100 per ton or more (in current prices) by 2030 to meet their commitments to reduce carbon emissions.

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