Canadian Conservative leader Andrew Scheer promises to repeal the carbon tax if elected into office

16 October 2019: Canada’s federal election is a week away and the incumbent Liberal Prime Minister Justin Trudeau is polling closely to the Conservative leader Andrew Scheer. The latter has promised to do away with the carbon tax, which he says “hurts the bottom...

Ecuador reinstates fossil fuel subsidies after 11 days of civil unrest

14 October 2019: Cuts to subsidies (known as decree 883) were imposed by Ecuador's President Moreno without any renewable alternative or any sort of rebate. The cut caused a big spike in gasoline and diesel prices, reverberating into rises in taxi and bus fares (from...

Germany adopts the Climate Action Law including levies on air and road travel

11 October 2019: The German government cabinet has adopted its first Climate Action Law, including a CO2 price for transport and buildings and a slew of incentives and regulatory actions such as efficiency standards. The package still has to be translated into law by...

Mali’s new law imposes a higher tax on gold mining and creates a regional development fund

8 October 2019: Mali’s long-awaited mining reforms passed by ordinance in August include a higher tax on gold mining, with the main purpose of allowing the government to capture a larger share of the gold exports revenue. The legislation effectively creates a...

UBS survey reveals: ‘flight shame’ and taxes could halve growth in passenger numbers

2 October 2019: When calculating the growth in the aviation industry, the Swiss bank UBS, took into account increases in flight taxes and feelings of flight shame, captured by its 6,000 respondent survey and estimated annual growth in the aviation industry of 1.5% in...

What are Green Fiscal Policies?

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IMF Podcast: How Green Fiscal Policies Can Help Save the Planet

Dr. Andrew Steer from the World Resources Institute discusses fiscal policies as a way of implementing climate change strategies

International Initiatives

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