There is considerable anxiety about the international impact of unilateral action on climate change. Environmentalists are concerned that it leads to ‘carbon leakage’, that is, the migration of high-emissions activities from relatively tight regulatory environments to more lenient jurisdictions.

The paper examines climate mitigation strategies to reach net-zero emissions by mid-century, focusing on smoothing macroeconomic costs in the short- to medium-term—the horizon relevant for policymakers.

Currently only one third of rail network in the ESCAP region is electrified -indicating substantial use of diesel for traction and non-traction purposes. And the diesel-powered trains emit at least twice as much CO2 in the atmosphere than electric ones.

The new IEA report examines how cities can be a key to a net-zero emissions future as digitalisation opens up a range of new opportunities. More than 50% of the world’s population currently lives in cities, and that figure is expected to increase to almost 70% by 2050. Cities generate around 70% of global carbon dioxide (CO2) emissions.

As part of a plan to decarbonize its economy by 2050, the European Union is considering the introduction of a carbon border adjustment mechanism (CBAM), to reduce the risk of carbon leakage and to level the field for European industries working towards decarbonization of their production processes.

The Oeko Institute along with T&E has published a report on the integration of maritime transport in the EU emissions trading system (ETS).

This report by IRENA outlines a pathway for the world to achieve the Paris Agreement goals and halt the pace of climate change by transforming the global energy landscape. It presents options to limit global temperature rise to 1.5 degrees Celsius and bring CO2 emissions to net zero by 2050

Since the adoption of the Paris Agreement and the release of the IPCC’s Special Report on Global Warming of 1.5°C, a growing number of countries have committed to net zero emissions targets.

The Climate Change Action Plan 2021–2025 aims to advance the climate change aspects of the WBG’s Green, Resilient, and Inclusive Development (GRID) approach, which pursues poverty eradication and shared prosperity with a sustainability lens.

With introduction of the EU’s first CO2 standard for new passenger cars, official type-approval emissions decreased at a rate of about 3.5% per year, compared to about 1.2% prior to regulation. The 2015 target of 130 g/km was met well in advance by manufacturers.