Green fiscal policy is different from most other environmental policy instruments in that it generates revenue instead of costing money. The session will highlight how the use of environmental taxes and reduction of harmful subsidies can help shift consumer and business behaviour towards low-carbon patterns and leverage private financing for green investment and at the same time create fiscal space that may be used to finance countries’ NDC commitments.
Presentation Héctor Arce-Benavides: Green fiscal policies: creating mitigation incentives and mobilizing revenues for climate action through environmental taxes and subsidy reform
Presentation Jonas Teusch: The use of revenues from carbon pricing
Presentation Johana Pinzón Téllez: The Colombian carbon tax overview
Presentation Jaqueline Cottrell: Green fiscal policy: Reducing GHG emissions and mobilizing revenue