The ongoing review of the UK’s Fourth Carbon Budget is closely linked to the debate over the impact that domestic climate change policies can have on the competitiveness of businesses. Notably, there are concerns that, if the UK implements more ambitious climate policies than its trading partners, carbon-intensive producers might relocate. This could mean that some affected sectors may have to reduce their production of goods and services below the optimum level that would be achieved if there were uniform international climate policies. In addition, the impact of climate change policies on emissions reductions could be limited if big emitters simply relocate, especially if they move to jurisdictions that have lower environmental standards.
This policy manuel aims to help the European Union’s Eastern Partnership (EaP) countries – Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine – design or reform economic instruments related to environmentally harmful products. Within the broad range of economic instruments to promote greener growth, this manual addresses instruments directed at changing consumer purchasing behaviour (product taxes) and those targeting improvements in waste generation and management (deposit-refund systems and extended producer responsibility schemes). The main target audience of this policy manual includes government stakeholders (ministries of environment, economy and finance) as well as business communities, non-governmental and academic institutions in EaP countries.
In 1997, the global value of ecosystem services was estimated to average US$33 trillion/yr in 1995 US$ (US$46 trillion/yr in 2007 US$). In this paper, we provide an updated estimate based on updated unit ecosystem service values and land use change estimates between 1997 and 2011. We also address some of the critiques of the 1997 paper. Using the same methods as in the 1997 paper but with updated data, the estimate for the total global ecosystem services in 2011 is US$125 trillion/yr (assuming updated unit values and changes to biome areas) and US$145 trillion/yr (assuming only unit values changed), both in 2007 US$. From this we estimated the loss of eco-services from 1997 to 2011 due to land use change at US$4.3–20.2 trillion/yr, depending on which unit values are used. Global estimates expressed in monetary accounting units, such as this, are useful to highlight the magnitude of eco-services, but have no specific decision-making context. However, the underlying data and models can be applied at multiple scales to assess changes resulting from various scenarios and policies.
This report maps existing and emerging carbon pricing initiatives around the world. It does not provide a quantitative, transaction-based analysis of the international carbon market since current market conditions invalidate any attempt to undertake such an analysis. The development of national and subnational carbon pricing initiatives in an increasing number of countries calls for a different focus. The uncertainty surrounding the existing carbon markets in the last years has prevented valuable resources to be channeled to low-carbon investments, particularly from the private sector. Following the economic downturn and slow economic recovery in major economies, industrial output plummeted and the demand for carbon assets used for compliance fell. With limited support, prices reached historical lows. At the same time, several national and sub-national carbon pricing initiatives are emerging. It is not surprising that several of these new carbon pricing initiatives also include design features to prevent similar developments in the future, including mechanisms to stabilize the carbon price.
This report focuses on the wind and solar PV sectors in India. It reviews the Indian policy framework for increasing the share of renewables in the energy mix within the context of multiple social, economic and technological objectives. Based on this analysis, it concludes that while support to the industry has come at a relatively low cost, development has been slow and many policies have been found wanting when evaluated against the originally proposed goals.
The report suggests that ‘green ’rather than ‘industrial’ elements have been best supported by policy to date. Impacts are most clearly seen in energy security and access, avoided health costs and the abatement of greenhouse gas emissions, while the industrial policy element has fared poorly in comparison. Marrying the two elements more completely will allow the benefits of a renewable energy manufacturing sector and environmental protection to be successfully realized.