Green fiscal policies are among the key tools needed to limit global warming to well below 2oC and mobilise financing for climate action. More than 90 countries have included some form of carbon pricing or other fiscal policies in their Intended Nationally Determined Contributions (INDCs). The Paris Climate Agreement paves the way for the further development of such market-based mechanisms. This growing momentum needs to be translated into further action.
This event will examine the role of carbon pricing and green fiscal policies in implementing the Paris Climate Agreement and delivering the Sustainable Development Goals (SDGs). A keynote speech by Hans Eichel (Former Finance Minister, Germany, 1999-2005) will explore how green fiscal reforms can help ‘make Paris happen’ by, for example, raising revenues and incentivising investment in low-carbon technologies. This will be followed by a high-level panel discussion exploring what countries have committed to in their INDCs on fiscal reform and what still needs to be done to meet the Paris targets.
This event is jointly organized by the United Nations Environment Programme (UNEP), the International Monetary Fund (IMF) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) as part of the Green Fiscal Policy Network, in cooperation with Green Budget Germany/FÖS. This is a Partner Event at Green Week 2016 which focuses on the theme of ‘Investing for a greener future’.