On 28 September (8:45 - 10.30 AM CEST) 2018 the Green Fiscal Policy Network is hosting Delivering the Paris Climate Agreement: The role of green fiscal reforms in the transport sector in Madrid, Spain.
Background
Almost 90 countries have included some form of fiscal policies in their nationally determined contributions (NDCs) to the Paris Climate Agreement. This includes a number of fiscal policy measures in the transport sector such as vehicle taxes, incentives for hybrid and electric vehicles, fuel taxes, subsidies for clean energy and tax exemptions for public transport among others. Such measures will be a key part of countries’ efforts to achieve their NDCs, for example by promoting the substitution of polluting fuels with cleaner fuels and encouraging the use of low-emission vehicles, while generating revenues that can be used for climate-related investments. At the same time, fiscal measures such as subsidies to transport fuels and the preferential tax treatment of company cars, can undermine the achievement of countries’ climate commitments. The reform of such measures will thus be an important part of a comprehensive policy package to deliver countries’ NDCs.
About
During the 19th Global Conference on Environmental Taxation (GCET19), the Green Fiscal Policy Network will organize a side-event to examine how green fiscal reforms in the transport sector can support countries’ efforts to mitigate GHG emissions and mobilize climate financing to meet their commitments under the Paris Agreement. Experts will discuss the role and potential contribution of green fiscal policies in the transport sector to implementing countries NDCs, explore lessons from best practices in the use of such policies, social and economic impacts of reform, and political and other challenges to further action. The Green Fiscal Policy Network and this side-event are supported by the International Climate Initiative (IKI) of the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB).
Registration
Participation at this side-event is open to registered participants at the GCET19.