Climate Change Mitigation

Policies and Progress

image of Climate Change Mitigation

This report reviews trends and progress on climate change mitigation policies in 34 OECD countries and 10 partner economies (Brazil, China, Colombia, Costa Rica, India, Indonesia, Latvia, Lithuania, the Russian Federation and South Africa), as well as in the European Union. Together, these countries account for over 80% of global GHG emissions. It covers three areas: 1) mitigation targets and goals, 2) carbon pricing instruments (such as energy and carbon taxation, emissions trading systems, as well as support for fossil fuels) and 3) key domestic policy settings in the energy and other sectors (including renewable energy, power generation and transport, innovation and R&D, and mitigation policies in agriculture, forestry, industry and waste sectors). The report is accompanied by an online country profiles tool containing more detailed information.

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Carbon pricing

This chapter discusses key trends in the use of carbon pricing instruments. It outlines developments in the use of energy and carbon taxation and emissions trading systems to reduce greenhouse gas emissions. It considers the effective tax rates implied by energy and carbon taxes in different countries and in different sectors. For emissions trading systems, recent developments and different approaches to coverage and allocation of emission allowances are highlighted. This chapter also examines budgetary support and tax expenditures for the production and consumption of fossil fuels.

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