EXCLUSIVE: Government official tells Climate Home that carbon trading is “big challenge” for China: “We would like to use a different kind of economic instrument”
Mark Carney – who has a track record on climate action as a central banker and UN envoy – ends levy and plans green incentives for the public, with industrial emitters expected to do the heavy lifting
After three days of talks on climate change cash in Bonn, the challenges have become clearer while questions have been raised over solutions like ending fossil fuel subsidies and the Robin Hood tax.
Discussions in Bonn turned to identifying specific sources of funding and how they might be able to turned into action on the ground, but old disputes meant there was no clear winner.
Re-investing carbon tax income back into energy efficiency schemes and renewables can maximise the economic and environmental benefits, says low-carbon project developer Camco.