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Can a Carbon Price help mitigate the economic and social effects of COVID-19?

EKLA Series: Climate Change in times of Coronavirus

Meet the most recent edition of the Climate Change Series in times of Coronavirus, together with Carlos Trinidad and Daniela Soberón from the Institute of Climate Policies of Peru.

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The carbon price is an emblematic mechanism that contributes to mitigating the effects of climate change, in particular the emissions associated with the burning of fossil fuels, and promoting the energy transition, since it provides a market signal to encourage the use of more energy. clean.

However, in some Latin American countries, setting a price on emissions can be more than an environmental instrument, encouraging compensatory policies, helping to close public budget gaps, replacing regressive taxes, as well as optimizing public spending through elimination of fossil subsidies.

That is why, given the social, economic and environmental uncertainty that has generated the impact of COVID-19 in the world, and particularly in Latin America, tools such as the Carbon Price deserve to have due attention to solve the problems, from a perspective sustainable, which we face and will face in the region.

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Giovanni Burga

Giovanni Burga

Project Manager

giovanni.burga@kas.de +51 934 346 675

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