How Replacing Coal With Renewable Energy Could Pay For Itself
The world may gain an estimated $78 trillion over coming decades by making this energy transition.
Tax Coordination Can Lead to a Fairer, Greener Global Economy
Cooperation across countries can raise revenue, tackle inequality, and fight climate change.
Not Yet on Track: Climate Threat Demands More Ambitious Global Action
New IMF analysis shows gaps in ambition and policy needed to achieve emissions curbs that contain global warming.
Reaching Net Zero Emissions
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net zero emissions by 2050, meaning that any additional carbon emissions will be offset completely by carbon emissions withdrawn from the atmosphere.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
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.
Data PointsDenmark’s Ambitious Green Vision
By Nicoletta Batini and Miguel Segoviano
Denmark aspires to become one of the most climate-friendly countries in the world. In June, its Parliament overwhelmingly passed a new climate law that aims to reduce greenhouse gas emissions by 70 percent below 1990 levels by 2030, with net zero emissions targeted for 2050. […]
A Greener Future Begins with a Shift to Coal Alternatives
By Christian Bogmans and Claire Mengyi Li
中文, Español, Français, 日本語, Português, Русский
As the world economy emerges from the COVID-19 crisis, the consumption of coal is expected to recover from its sharp decline during the pandemic. […]
How to Meet the European Union’s Ambitious Climate Mitigation Goals
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
By 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.