This report provides a broad and evidence-based analytical perspective of the debate around the possible role of a Border Carbon Adjustment (BCA) to deal with climate change. The new context of divergent climate ambition has led to a resurgence of interest in BCAs.

This policy brief analyzes the coal-to-liquid (CTL) fuel sector in South Africa, exploring the role of subsidies in driving the consumption of coal-derived fuels. It focuses on the various support measures that have and continue to benefit the CTL industry.

A number of policies are extremely popular with Americans in 2020 and have been consistently popular across past surveys as well. For example, huge numbers of Americans favor government effort to shift electricity generation away from fossil fuels and toward renewable energy sources.

The fact that a carbon tax is an environmentally and economically efficient instrument for reducing emissions is often highlighted, but the equity story is also of importance: who bears the burden of the tax? This paper addresses the question of the distributional burden of a carbon tax.

This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, including international, national and subnational initiatives.

The potentially adverse impact of carbon pricing on the competitiveness of businesses and economies has been a matter of concern to industry and policymakers. It has also been a barrier to progress on carbon pricing.

To achieve the Paris Agreement goals and limit global temperature rise this century to 1.5°C, the global economy must be rapidly transformed. A carbon price is needed to incorporate climate change costs into economic decision-making to significantly reduce U.S. greenhouse gas emissions, particularly in the electricity sector.

Carbon pricing is increasingly recognized as an important source of government revenue. Carbon revenues can be crucial in supporting cost-effective climate mitigation, industrial competitiveness and other economic and development objectives.

Carbon pricing is the most cost-effective policy to address the climate challenge. Following the Paris Agreement, a first acceleration in the implementation of carbon pricing schemes has been observed and can expect a further acceleration over the next few years, as countries ratchet up their climate goals under their Paris commitments.

Internal carbon pricing (ICP) can help financial institutions assess carbon risks and identify opportunities to shift capital from high-carbon to low-carbon investment and lending, decarbonise their portfolios, and increase their resilience in a low-carbon transition.