At the Paris climate conference (COP21) in December 2015, 195 countries adopted the first-ever universal global climate agreement. G20 leaders welcomed the agreement and stressed the importance of addressing climate change in the Hangzhou Communique. While the goal of limiting global warming to well below 2°C is clear, the implementation of the Paris Agreements and political action should now be the focus.
The Task Force reflects this by giving priority to three issues: carbon pricing and/or regulation of carbon and the removal of pervasive fossil fuel subsidies; sustainable infrastructure as an essential foundation for achieving inclusive low carbon growth; and green finance as a catalyst to reorient investments strategies including toward innovative firms as foundations for sustainable growth in the low carbon economy.
The Task Force “Climate Policy and Finance” is co-chaired by:
Institute: CIGI Centre for International Governance Innovation
Function: Senior Fellow
Research: Low Carbon Economy and Clean Technology, Innovation, Sustainable Finance, Sustainable Infrastructure
Institute: Brooking Institution
Function: Senior fellow, Global Economy and Development
Research: Global Economy and Governance; Sustainable Development and Climate
Institute: MCC Mercator Research Institute on Global Commons and Climate Change
Research: mitigation of climate change, growth- and development theory, public finance, distributional effects of climate policy instruments, game theory, energy economics