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Ecofys, WBG |State and Trends of Carbon Pricing 2015.The report is a one stop shop for learning about key developments and prospects of existing and emerging carbon initiatives. A challenging international carbon market has not stopped the development of domestic carbon pricing initiatives. Today, about 40 national and over 20 sub-national jurisdictions responsible for almost one fourth of global greenhouse gas emissions are putting a price on carbon. Category: Promote Carbon Pricing Measures |
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WBG, GFDRR |The Indirect Cost of Natural Disasters and an Economic Definition of Macroeconomic Resilience (2015)The paper proposes a rule of thumb to estimate macroeconomic resilience, based on the interest rate (a higher interest rate decreases resilience and increases welfare losses), the reconstruction duration (a longer reconstruction duration increases welfare losses), and a “ripple-effect” factor that increases or decreases immediate losses (negative if enough idle resources are available to cope; positive if cross-sector and supply-chain issues impair the production of non-affected capital). Category: Climate-Informed Fiscal Planning |
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WBG, OECD |The FASTER Principles for Successful Carbon Pricing (2015)The “FASTER” principles presented in this report lay out an approach that focuses on the emerging design features for successful and cost-effective carbon pricing policies drawn from initial and growing experience around the world. Category: Climate-Informed Fiscal Planning |
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WBG |Financing Vietnam’s Response to Climate Change: Building a Sustainable FutureThe Government of Vietnam (GoV) has conducted a Climate Public Expenditure and Investment Review (CPEIR) with the support of the World Bank and the United Nations Development Programme (UNDP). The review examined Vietnam’s policies and climate change expenditure for the period 2010–2013 from five ministries (MONRE, MOIT, MARD, MOC, and MOT) and three provinces (Bac Ninh, Quang Nam and An Giang). Category: Climate-Informed Fiscal Planning |
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WBG, PMR |Carbon Leakage Theory, Evidence and Policy DesignThe World Bank’s Partnership for Market Readiness (PMR) brings together developed and developing countries to build readiness for carbon market instruments to support cost-effective greenhouse gas emissions reductions. As part of the PMR’s Technical Work Program, the World Bank asked Vivid Economics to develop a technical note on the issue of carbon leakage and competitiveness. This issue is of interest to a range of PMR countries and is of great importance to successful design and implementation of carbon pricing policies. Category: Promote Carbon Pricing Measures |
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WBG |The Design and Sustainability of Renewable Energy Incentives: An Economic Analysis.Rapid urbanization and economic growth, new demographic trends, and climate change are key challenges that developing countries must face as they strive to meet growing energy demand. The main objectives of this study are to offer: (a) a global taxonomy of the economic and financial incentives provided by renewable support schemes and (b) an economic modeling of the sustainability and affordability of such support schemes. Category: Climate-Informed Fiscal Planning, Climate-Resilient Financial Sector, Align Policies with Paris Agreement |
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WBG |Climate Change Public Expenditure and Institutional Review SourcebookThe Climate Change Public Expenditure and Institutional Review (CCPEIR) Sourcebook identifies the key issues that central finance and planning agencies will need to consider and the various approaches taken in dealing with the technical, policy, and institutional issues that are likely to arise in the response to climate change. Category: Climate-Informed Fiscal Planning |
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WBG |Moving Toward Climate Budgeting: Policy NoteThis policy note presents several measures of immediate interest to finance ministries for better fiscal planning and expenditure management of climate actions. Category: Climate-Informed Fiscal Planning |
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WBG |Economic Resilience Definition and Measurement (2014)The (economic) welfare disaster risk in a country can be reduced by reducing the exposure or vulnerability of people and assets (reducing asset losses), increasing macroeconomic resilience (reducing aggregate consumption losses for a given level of asset losses), or increasing microeconomic resilience (reducing welfare losses for a given level of aggregate consumption losses). The paper proposes rules of thumb to estimate macroeconomic and microeconomic resilience based on the relevant parameters in the economy. Category: Climate-Informed Fiscal Planning, Climate-Resilient Financial Sector, Align Policies with Paris Agreement, NDC Support and Implementation |
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WBG |Climate Change and Poverty: An Analytical Framework (2014)The paper proposes four channels that determine household consumption and through which households may escape or fall into poverty (prices, assets, productivity, and opportunities). It then discusses whether and how these channels are affected by climate change and climate policies, focusing on the exposure, vulnerability, and ability to adapt of the poor (and those vulnerable to poverty). It reviews the existing literature and offers three major conclusions. Category: Climate-Informed Fiscal Planning |
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