Resources

Financing Instruments for Climate Change Mitigation and Adaptation

This report, published by the Global Challenges Foundation, focuses on the financing needs for significant investments in infrastructure to transition from a fossil fuel economy to a Green economy. Required investments – in the tens of trillions of dollars over the next decade – will need to prioritize building low-carbon resilient infrastructures, with nearly two thirds of these outlays taking place in emerging markets and developing countries.

The aim is to find fiscal tools and regulatory policies that might make it costlier to emit GHGs and, thus, provide the types of incentives for businesses and individuals to choose to conserve energy and/or to switch to more environmentally friendly (greener) sources. Furthermore, some of these tools should also raise enough revenues which could be deployed to offset the impact of any undesirable distributional side effects and to fund other efforts aimed at mitigation and adaptation.

The report looks in particular at Carbon taxes, Green Financing, Multilateral Development Bank (MDB) lending programs, IMF Special Drawing Rights (SDRs), Taxation of financial transactions, Taxing aviation and maritime fuel use, Taxing mineral resource extraction, Improving inefficient tax systems, Addressing issues of corruption, and Debt relief.

Financing-Instruments-for-Climate-Change-Mitigation-and-Adaptation
Published:
2021
Author(s):
Augusto Lopez-Claros
Language(s):
English
Category:
Books & Reports