UNECE Statistics’ Post

The CFA Institute Research and Policy Center releases a report on climate data and investment, which aims to analyze how climate data is used in the investment process and the challenges faced in applying climate data

So…. how much do national climate policies actually work? ❓This is the question that the authors of new study published in Science last month wanted to answer. 🗺️ They used the high-quality OECD database and the assistance of machine learning to systematically analyse 1,500 climate policies implemented over the last 25 years in countries around the world. ✅ Their analysis revealed 69 “breaks” or sizable decreases in CO2e emissions in a given sector, and they attributed 63 of these successes to specific policies. 📈 The study bridges some of the current gaps in knowledge around the impact of policies by reducing the subjectivity of previous analyses and empirically analysing combinations of policies. 👨⚖️ One of the key insights the study produced is that a mix of policies can often be more efficient than policies deployed on their own. 🏭 Importantly, successful policy mixes should be chosen from sector-specific best practice, and effective policies will vary with the economic development of a given country. ⚠️ Some experts have raised important points related to the study. Katharine Hayhoe, for example, highlighted that the strapline of "only a small number of policies actually work" is incorrect and relates to the methodology of selecting winning policies, ie, short-term emissions reductions in the 20% range. 👏 Nonetheless, the study should prove an extremely useful guide for countries looking for effective ways to achieve their Nationally Determined Contributions (NDCs) under the Paris Agreement. https://lnkd.in/eJwZH5cy #netzero #ndc #sustainability

96% of climate policy since 1998 failed. Last week, I read this Science paper that evaluated 1500+ climate policy measures. I was going to write my own summary, but Oxford Alumni did a better job than I could. This number is daunting, but it also taught us important lessons. 1. Using this analysis to choose effective climate policy could close the Paris Agreements emissions gap by 26%-41% 2. Policy mixes are usually more effective than single policies. 3. In developed countries, carbon pricing works best, whereas regulation is the most powerful policy in developing countries. If you are Canadian: I have no personal issue with a Conservative majority government, but it is worth rethinking 'axeing' the carbon price. There are better linchpins in this federal campaign. https://lnkd.in/gpUU4wuF #climate #climatechange #carbonpricing

96% of climate policies have failed, according to a study published in Science Magazine. 🌱 The results of the global dataset were sobering. Across 4 sectors, 41 countries, two decades and 1,500 policies, only 63 successful policy interventions with large effects were identified, which reduced total emissions between 0.6 and 1.8 Gt CO2. This is in the range of what the voluntary carbon market has separately reduced emissions. 🐠 It highlights how relatively effective the #VCM has been compared to government policy making. 🦜 Developed and developing countries have different #climate policy needs: In developed countries, #carbon pricing stands out as an effective policy, whereas in developing countries, regulation is the most powerful policy. 🌿 The Paris emissions gap can be closed: Focusing on the 63 cases of effective climate policies would close the current emissions gap to meet the #Paris Targets by 26% -41%, a significant contribution. 🔥 UN Environment Programme estimates that there remains a median emissions gap of 23 billion tonnes of CO2 equivalent by 2030. Summary at: https://lnkd.in/d6ZQx3qW

New study from INET Oxford and PIK - Potsdam Institute for Climate Impact Research reveals that across four sectors, 41 countries, two decades and 1,500 policies, only 63 (!) successful policy interventions with large effects were identified. "... effect sizes of climate policies are larger if a policy instrument is part of a policy mix rather than implemented alone – for example combining carbon pricing with a subsidy." It's quite simple, actually: to achieve a meaningful transition we need to disincentivize the 'brown' and incentivize the 'green', simultaneously. https://lnkd.in/d8uTjsqk

Public support for carbon pricing policies can be increased through information campaigns that communicate policy benefits, find Era D., Salma Khalid, Giacomo Magistretti and Alexandre Balduino Sollaci (International Monetary Fund) 📈 Highlighting efficacy & revenue recycling potential of carbon pricing increases support, especially in emerging market economies 📉 Highlighting costs reduces support, but less for people who report already being significantly impacted by climate change ❕ Given that the costs of climate policies are a key public concern, policymakers should provide clear explanations on how these costs are offset by long-term benefits and potential revenue recycling mechanisms Read more ⤵

An intense year for industrial, environmental, energy and climate EU policy has just started! Strongly hoping that the European Commission will deliver policy acts able to support an industrial competitiveness able to delink economic growth from enviromental degradation and natural resources depletion; Kurt Vandenberghe's (DG CLIMA) words were promising on this side. Have a look at the preview over the main reports about to be released I gathered in the article below:

The European Commission is preparing the final sprint ahead of the EU Parliament election 🏃 📖 Check out the article from my colleague Gabriele Gaffuri for some crucial industry and climate insights on the several reports expected from the EC in the upcoming months!

Interested in how economic scenarios of mitigation feed into IPCC assessments? If you’ve not read this January Nature Climate Action article already, give it a go https://lnkd.in/ebcpKdFP. It’s a pleasant read, as the authors manage complexity beautifully. My favourite section is: “One way forward for the IPCC scenario process is to move towards informing how to achieve national NDC targets and analysing the socio-economic consequences of different strategies. That is, moving away from an implicit but unstated policy prescription of carbon pricing, towards assembling modelling evidence on the effectiveness of policy instruments such as the removal of fossil fuel subsidies, the creation of markets, support for technology diffusion, as well as carbon taxes and emissions trading schemes.”

Interesting study. Just the abstract says a lot. Raising awareness, always. Cooperation, so needed. A typical case of the prisoner's dilemma. ABSTRACT: “Mitigating climate change necessitates global cooperation, yet global data on individuals’ willingness to act remain scarce. In this study, we conducted a representative survey across 125 countries, interviewing nearly 130,000 individuals. Our findings reveal widespread support for climate action. Notably, 69% of the global population expresses a willingness to contribute 1% of their personal income, 86% endorse pro-climate social norms and 89% demand intensified political action. Countries facing heightened vulnerability to climate change show a particularly high willingness to contribute. Despite these encouraging statistics, we document that the world is in a state of pluralistic ignorance, wherein individuals around the globe systematically underestimate the willingness of their fellow citizens to act. This perception gap, combined with individuals showing conditionally cooperative behaviour, poses challenges to further climate action. Therefore, raising awareness about the broad global support for climate action becomes critically important in promoting a unified response to climate change.” https://lnkd.in/esVTBcwE