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Shifting Gears: How the World’s Leading Financial Centres are Entering a New Phase of Strategic Action on Green and Sustainable Finance

The world’s financial centres are the locations where supply and demand for green and sustainable finance will be matched. This report presents the first findings from an in-depth assessment of actions in 13 of these hubs, all members of the International Network of Financial Centres for Sustainability (FC4S) across Africa, the Americas, Asia and Europe. The assessment reveals 10 key insights on how financial centres are mobilizing their expertise, connectivity and capital to help solve some of the world’s toughest financing challenges

Carbon Pricing Leadership Coalition

The Carbon Pricing Leadership Coalition brings together leaders from government, private sector, academia, and civil society to expand the use of carbon pricing policies. Through the CPLC, partners have the opportunity to showcase government and private sector action, highlight the business and environmental case for carbon pricing, and work with their peers to move the discussion forward.  

NDC Partnership

Launched at COP22 in Marrakesh, the NDC Partnership aims to enhance cooperation so that countries have access to the technical knowledge and financial support they need to achieve large-scale climate and sustainable development targets as quickly and effectively as possible. The NDC Partnership builds in-country capacity and increases knowledge sharing so that climate policies have meaningful and enduring impacts, and drive increasing global ambition over time.

Green Fiscal Policy Network

The Green Fiscal Policy Network is a joint partnership between UN Environment (UNEP), the International Monetary Fund (IMF) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) launched in 2011. The Network aims to facilitate knowledge sharing and dialogue on green fiscal policy reforms.

Towards Agent-Based Integrated Assessment Models: Examples, Challenges, and Future Developments. 

Understanding the complex, dynamic, and non-linear relationships between human activities, the environment and the evolution of the climate is pivotal for policy design and requires appropriate tools. Despite the existence of different attempts to link the economy (or parts of it) to the evolution of the climate, results have often been disappointing and criticized. In this paper, we discuss the use of agent-based modeling for climate policy integrated assessment. 

Climate Policies and Nationally Determined Contributions: Reconciling the Needed Ambition with the Political Economy.

Countries have pledged to stabilize global warming at a 1.5 to 2°C increase. Either target requires reaching net zero emissions before the end of the century, which implies a major transformation of the economic system. This paper reviews the literature on how policymakers can design climate policies and their Nationally Determined Contributions (NDCs) to reach zero-net emissions before the end of the century in a socially and politically-acceptable manner.

The Macroeconomics of Climate Change.

Vivid Economics was commissioned by Defra to review techniques for modelling the macroeconomic impacts of climate change and the role of adaptation in the macro-economy. A theoretical framework is developed to enable policy-makers to succinctly yet robustly understand and evaluate macroeconomic models of climate change and adaptation. The literature is reviewed, including cutting-edge work on General Equilibrium modelling, the interaction of climate change and economic growth and the economics of extreme weather events.

A Preliminary Review of the American Recovery and Reinvestment Act’s Clean Energy Package

The American Recovery and Reinvestment Act included more than $90 billion in strategic clean energy investments intended to promote job creation and promote deployment of low-carbon technologies. In terms of spending, the clean energy package has been described as the nation’s “biggest energy bill in history.” To provide a preliminary assessment of the Recovery Act’s clean energy package, this paper reviews the rationale, design, and implementation of the act.