Planetary good governance after the Paris Agreement: The case for a global greenhouse gas tax

2021 ◽  
Vol 292 ◽  
pp. 112753
Author(s):  
Jamie Morgan ◽  
Heikki Patomäki
2021 ◽  
Author(s):  
Jacob Waslander ◽  
Julie Bos ◽  
Yili Wu

This paper focuses on answering the following question: how can a private sector bank—one that has already committed to shifting its business model towards net-zero emissions—change its client engagement strategy and update its offerings? This paper analyzes action already taken by banks and identifies additional steps private sector banks should take to align their business model with the Paris Agreement (greenhouse gas mitigation objective) and cater to their clients’ needs in a manner that fosters a net-zero transition.


2021 ◽  
Author(s):  
Joeri Rogelj ◽  
Andy Reisinger ◽  
Annette Cowie ◽  
Oliver Geden

<p>With the adoption of the Paris Agreement in 2015 the world has decided that warming should be kept well below 2°C while pursuing a limit of 1.5°C above preindustrial levels. The Paris Agreement also sets a net emissions reduction goal: in the second half of the century, the balance of global anthropogenic greenhouse gas emissions and removals should become net zero. Since 2018, in response to the publication of the IPCC Special Report on Global Warming of 1.5°C, a flurry of net zero target announcements has ensued. Many countries, cities, regions, companies, or other organisations have come forward with targets to reach net zero, or become carbon or climate neutral. These labels describe a wide variety of targets, and rarely detailed. Lack of transparency renders it impossible to understand their ultimate contribution towards the global goal. Here we present a set of key criteria that high-quality net zero targets should address. These nine criteria cover emissions, removals, timing, fairness and a long-term vision. Unless net zero targets provide clarity on these nine criteria, we may not know until it is too late whether the collective promise of net zero targets is adequate to meet the global goal of the Paris Agreement.</p>


2021 ◽  
Vol 111 ◽  
pp. 386-390
Author(s):  
Maureen Cropper ◽  
Ryna Cui ◽  
Sarath Guttikunda ◽  
Nate Hultman ◽  
Puja Jawahar ◽  
...  

Under the Paris Agreement, India has pledged that 40 percent of its electricity generating capacity will come from non-fossil-fuel sources by the year 2030; however, this pledge does not limit total coal-fired generating capacity. As of 2019, planned increases in coal-fired capacity totaled 95 gigawatts--46 percent of installed coal-fired capacity in 2018. In this paper, we estimate the carbon dioxide benefits and health co-benefits of not building these plants. We also estimate the mortality impacts of the 2018 stock of coal-fired power plants and use it to calculate the tax on electricity generation from coal that would internalize these damages.


2021 ◽  
pp. 1-10
Author(s):  
Eelco J. Rohling

This chapter outlines the challenge facing us. The Paris Agreement sets a target maximum of 2°C global warming and a preferred limit of 1.5°C. Yet, the subsequent combined national pledges for emission reduction suffice only for limiting warming to roughly 3°C. And because most nations are falling considerably short of meeting their pledges, even greater warming may become locked in. Something more drastic and wide-ranging is needed: a multi-pronged strategy. These different prongs to the climate-change solution are introduced in this chapter and explored one by one in the following chapters. First is rapid, massive reduction of greenhouse gas emissions. Second is implementation of ways to remove greenhouse gases from the atmosphere. Third may be increasing the reflectivity of Earth to incoming sunlight, to cool certain places down more rapidly. In addition, we need to protect ourselves from climate-change impacts that have already become inevitable.


AJIL Unbound ◽  
2018 ◽  
Vol 112 ◽  
pp. 279-284 ◽  
Author(s):  
Daniel C. Esty ◽  
Dena P. Adler

After more than two decades of inadequate international efforts to address climate change resulting from rising greenhouse gas emissions, the 2015 Paris Climate Change Agreement shifted gears. That agreement advances a “bottom-up” model of global cooperation that requires action commitments from all national governments and acknowledges the important role that cities, states, provinces, and businesses must play in delivering deep decarbonization. Given the limited control that presidents and prime ministers have over many of the policies and choices that determine their countries’ carbon footprints, the Paris Agreement missed an opportunity to formally recognize the climate change action commitments of mayors, governors, and premiers. These subnational officials often have authorities complementary to national governments, particularly in federal systems (including the United States, China, Canada, and Australia). They therefore possess significant independent capacities to reduce greenhouse gas emissions through their economic development strategies, building codes, zoning rules and practices, public transportation investments, and other policies. Likewise, the world community missed an opportunity to formally recognize the commitments of companies to successful implementation of the Paris Agreement and thereby to highlight the wide range of decisions that business leaders make that significantly affect greenhouse gas emissions.


Author(s):  
Robin Leichenko

Economic geographers have made important contributions to the understanding of many facets of climate change, yet the field has had relatively limited engagement with the study of climate impacts, vulnerabilities, and adaptation. Instead, most work on the economic consequences of climate disruption is being done by researchers in other disciplines or in other subfields of geography. This chapter argues that broad recognition of humanity’s role in shaping Earth’s planetary systems, combined with new hope and opportunity engendered by the 2015 Paris Agreement on reduction of greenhouse gas emissions, present a pivotal moment for economic geographers to take a more central role in the study of climate change and in broader, interdisciplinary conversations about the meaning and implications of the Anthropocene.


Author(s):  
Lavanya Rajamani ◽  
Jacob Werksman

This article assesses the legal character and operational relevance of the Paris Agreement's 1.5°C temperature goal. This article begins with a textual analysis of the 1.5°C goal. It considers whether the goal creates individual or collective obligations for Parties, and whether it is sufficiently specific to enable the tracking of individual or collective performance. Next, it assesses the operational relevance of the 1.5°C temperature goal, by considering the role it will play in the Paris Agreement's institutions and procedures. To the extent that the goal plays a role, and implies global limits on greenhouse gas emissions, this article observes that it could have implications for the sharing of the effort between Parties. Thus, this article considers the relevance of equity and the principle of common but differentiated responsibilities and respective capabilities, in the light of different national circumstances, to understanding how the 1.5°C goal could be reached. In this context, this article explores whether the 1.5°C goal could play a role in the Paris Agreement's ‘ambition cycle’. Finally, this article asks whether there are any legal or political implications, individually or collectively under the Paris Agreement, should the Parties fail to achieve the 1.5°C goal. This article is part of the theme issue ‘The Paris Agreement: understanding the physical and social challenges for a warming world of 1.5°C above pre-industrial levels’.


Climate Law ◽  
2016 ◽  
Vol 6 (1-2) ◽  
pp. 182-195 ◽  
Author(s):  
Marjan Peeters

The European Union is the only party to the unfccc that is a regional organization. The European Union’s Intended Nationally Determined Contribution, submitted on behalf of itself and its member states, contains a pledge to reduce domestic greenhouse gas emissions by at least 40 per cent by 2030 compared with 1990 levels, in pursuit of the general objective to keep the global average temperature increase below 2°C. Given, however, that the Paris Agreement aims not only to hold the increase ‘well below’ 2°C, but also to ‘pursue efforts’ to limit the increase to 1.5°C, one wonders whether the outcome of cop 21 may lead the European Union to a reconsideration—with possibly a strengthening—of the mitigation effort proposed in its indc.


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