Planning for the next phase of emissions reduction efforts: Setbacks and developments in carbon pricing

OnlineNov 14, 2024 | 3:00 PM - 4:30 PM

Description

The recent energy crisis, exacerbated by Russia’s war of aggression against Ukraine, has set back the pricing of carbon emissions as government provided energy price relief efforts, but modest increases in explicit carbon rates (carbon taxes and emissions trading systems) demonstrates that, even with these concerns, countries have continued to pursue their efforts to price emissions. Though the share of emissions covered by a positive carbon price has not changed since 2021, governments are planning for expansions of current emission pricing measures or the introduction of new ones – particularly emissions trading systems. At the same time, governments are preparing for the next phase of emissions reduction efforts through support for investments in clean energy and are planning for the consequences of climate policy asymmetries on international trade. During this session, the discussion will be informed by the results of a new OECD report Pricing Greenhouse Gas Emissions 2024: Gearing Up to Bring Emissions Down, which tracks the trends and developments in carbon rates and energy taxation across the globe – the highlights will be presented at the start of the session.

Moderated by

Assia Elgouacem

OECD

Head of Tax and Environment Unit, Centre for Tax Policy and Administration

Speakers

Emma Aisbett

Australian National University

Associate Professor at the School of Law and Associate Director for the Zero-Carbon Energy for the Asia-Pacific Grand Challenge

SDC

Stefano De Clara

International Carbon Action Partnership (ICAP)

Head of Secretariat

https://www.linkedin.com/in/stefano-de-clara-7b198955/

Milan Elkerbout

Resources for the Future

Fellow and Director, International Climate Policy Initiative

Jesse Scott

Hertie School and the German Economic Research Institute DIW in Berlin

Professor and Senior Fellow

Jacob Smith

OECD

Economist, Tax and Environment Unit

Find out more Related resources

This report focuses on emissions trading systems, carbon taxes, fuel and electricity excise taxes, as well as subsidies that lower prices on emissions or energy products. The tax rates for this edition reflect rates applicable on 1 April 2023 while emissions trading schemes implemented throughout 2023 are also included.

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