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Countries tax more carbon while subsidizing fossil fuels

2021-10-21T16:04:40.834Z


Despite the crisis, CO2 revenues jumped in 2020, to 56.8 billion. Tax CO2 emissions to fight against global warming. The lever is considered very effective but politically explosive, all the more so in the current context of soaring energy prices. Last year, despite the difficult context of the pandemic, carbon revenues jumped to $ 56.8 billion from $ 48 billion in 2019, reveals a new study from I4CE, a benchmark institute on climate economics, which provides a


Tax CO2 emissions to fight against global warming.

The lever is considered very effective but politically explosive, all the more so in the current context of soaring energy prices.

Last year, despite the difficult context of the pandemic, carbon revenues jumped to $ 56.8 billion from $ 48 billion in 2019, reveals a new study from I4CE, a benchmark institute on climate economics, which provides a global panorama of carbon pricing.

Read also

The great leap of renewable energies in 2020

As of October 1, 2021, 41 jurisdictions representing 60% of global GDP had a price, via a tax or a quota market.

"Important change,"

emphasizes Sébastien Postic, one of the two authors, "

two mechanisms have entered into force, in Germany and in China."

Beijing, after several years of experimentation, now has an operational national market even if it is limited to electricity producers.

For its part, Germany, which already covered industry emissions with the

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Source: lefigaro

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