cover image: Working Together for Better Climate Action: Carbon Pricing, Policy Spillovers, and Global Climate Goals

Working Together for Better Climate Action: Carbon Pricing, Policy Spillovers, and Global Climate Goals

24 Oct 2024

This report discusses the global state of climate action with a focus on carbon pricing and its role in achieving global emission reduction targets. It addresses the challenges of implementing carbon pricing policies due to concerns over economic competitiveness, carbon leakage, and distributional impacts. The report also explores the positive spillovers of coordinated climate policies, particularly through the development of green technologies. Key policy recommendations emphasize international coordination to minimize negative cross-border effects, increase climate finance, and promote sustainable economic growth. Additionally, it presents metrics to evaluate carbon pricing and outlines potential pathways to scale climate action aligned with the Paris Agreement.
sustainable development climate change greenhouse gas emissions emissions trading carbon pricing international coordination climate action carbon taxes policy spillovers

Authors

WTO, IMF, OECD, UNCTAD, The World Bank

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Pages
64
Published in
Switzerland

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