The IEA, a Paris-based intergovernmental organization, was established in the framework of the Organization for Economic Co-operation and Development (OECD) in 1974 in the wake of the 1973 oil crisis.
(Source: EIA, Various Media, 10 Dec., 2018)Contact: International Energy Agency, Dr. Fatih Birol, Exec. Dir., +33 1 40 57 65 00, www.iea.org
More Low-Carbon Energy News IEA, Ethanol, Climate Change,
The pricing gap had narrowed, from 79.5 pct in 2015, but "Carbon prices need to increase considerably more quickly than in recent years in order to ensure a cost-effective low-carbon transition," the OECD says according to Reuters coverage. (Source: OECD, Reuters, 13 Sept., 2018)
Contact: Organization for Economic Co-operation and Development, www.oecd.org
More Low-Carbon Energy News Organization for Economic Co-operation and Development ,
The report analyzes the coverage and magnitude of 2015 energy use taxes, and assesses changed between 2012 and 2015. Data is based on the OECD's Taxing Energy Use database, which compares taxes on energy use in 42 OECD and G20 economies, representing 80 pct of global energy use and associated CO2 emissions.
The publication finds that, outside the road transport sector, 81 pct of emissions were untaxed, noting there was almost no change in emissions tax rates between 2012-2015. Overall, tax rates fell short of the €30 low-end estimate of climate cost per tCO2 for 97 pct of emissions. Though not addressed in this publication, the report notes that emissions trading systems had minimal impact on this broader trend.
Emissions from coal-fired energy generation, which were responsible for nearly half of the carbon emissions associated with energy use in the 42 countries studied, remained untaxed in almost every country. In contrast, taxes on oil products were relatively high, exceeding €100 per tCO2. The share of road sector fuel emissions taxed above climate costs increased from 46 pct to 50 pct between 2012-2015, driven by fuel tax reforms in China, India and Mexico. Road transport fuel tax rates remained nonetheless below levels required to cover even non-climate external costs, according to the study. Additionally, in all but two countries, taxes on diesel for road use were lower than taxes on gasoline, despite diesel's known effects on air quality.
The report concludes that, aside from increases in transport fuel taxes that occurred in some low to middle income economies, no structural change to taxation patterns on energy use materialized between 2012-2015. It recommends that, if public compensation for higher energy costs is deemed necessary, targeted transfers should be provided rather than lower tax rates or exemptions to maintain the environmental integrity of market-based instruments
Download the Taxing Energy Use 2018 Report HERE. (Source: OECD, PR, Feb., 2018) Contact: Organization for Economic Co-operation and Development, www.oecd.org
More Low-Carbon Energy News OECD, Carbon Emissions, Carbon Tax, Climate Change,
The OECD study concluded that there was little change in energy taxation levels between 2012 and 2015, and that only 0.3 pct of emissions are taxed at a level that is equitable to the cost to the environment. The report also notes that coal taxes are few and far between, even though coal accounts for nearly 50 pct of carbon emissions in the 42 countries studied in the report. In only five countries does coal taxation exceed €5 per ton of CO2.
Carbon pricing is emerging as one of the main tools used by governments to limit emissions. China started to roll out its own carbon market this year and it will be the world's biggest by the time it is fully operational
An update to the EU's own Emissions Trading Scheme (EU ETS) was given the seal of approval by the European Parliament last week and the price of carbon has continued to climb ever since a draft deal was agreed in November.
(Source: OECD, EURACTIV, 15 Feb., 2018) (Contact: OCED, www.oecd.org
More Low-Carbon Energy News OECD, Carbon Tax,
To achieve its goal, the the plan calls for: increased use of renewable energy; district central heating schemes; encouraging the use of combined heat and power; and others.
Of all the Organization for Economic Co-operation and Development (OECD) countries, Turkey has the highest growth rate of energy demand, as per government figures.
The country meets around 26 pct of its total power demand from domestic resources and is mainly dependent on imports.
The government intends to develop 30 pct of its total installed capacity by 2023 to generate 34GW of hydropower, 20GW of wind energy, 5GW of solar energy, 1.5GW of geothermal and 1GW of biomass.
(Source: Daily Sabah, OECD, 12 Jan., 2018)
More Low-Carbon Energy News Energy Efficiency,
The Alliance is open to businesses and aims to have 50 members within the next 12 months. It also plans to spearhead efforts to move the Organization for Economic Co-operation and Development (OECD) countries beyond coal by 2030 -- and all nations by 2050.
The formation of the Alliance follows the launch earlier this month of the Europe Beyond Coal initiative, backed by 28 countries and European civil society groups united in their commitment to abandon coal energy. (Source: Innovators, 18 Nov., 2017) Contact: Europe Beyond Coal, https://beyond-coal.eu
Organization for Economic Co-operation and Development (OECD), www.oecd.org
More Low-Carbon Energy News COP23, Coal, Powering Past Coal Alliance,
The health effects of air pollution from burning coal, including respiratory diseases and premature deaths, impose massive costs in both human and economic terms. A recent analysis found that more than 800 000 people around the world die each year from the pollution generated by burning coal.
As a result, phasing out traditional coal power is one of the most important steps governments can take to tackle climate change and meet our commitment to keep global temperature increase well below 2 degrees C and pursue efforts to limit it to 1.5 degrees C. To meet the Paris Agreement, the analysis shows that coal phase-out is needed by no later than 2030, in countries that are part of the Organization for Economic Co-operation and Development and the European Union, and by no later than 2050, in the rest of the world.
The cost of generating electricity from wind and solar power has plummeted: clean power is the low-cost option in a growing number of jurisdictions worldwide. Global investments in new renewable power now significantly surpass investments in new coal-fired electricity, and clean growth represents an opportunity worth trillions of dollars.
Countries moving toward low-carbon, climate-resilient economies are already seeing environmental, economic, and human-health benefits. Our coalition wants to help accelerate that transition.
Powering Past Coal brings together a diverse range of governments, businesses, and organizations, which are united in taking action to accelerate clean growth and climate protection through the rapid phase-out of traditional coal power. We commit to achieving that phase-out in a sustainable and economically inclusive way, while providing appropriate support for workers and communities. More specifically,
To support these goals, the partners in Powering Past Coal will work together to share real-world examples and best practices to support the phase-out of coal, including through climate financing, and adopt practical initiatives that support this transition, including developing clean-energy plans and targets.
Alliance partners include: Alberta (Canada),
Angola, Austria, Belgium, British Columbia (Canada), Canada, Costa Rica, Denmark, El Salvador, Fiji, Finland, France, Italy, Luxembourg, Marshall Islands, Mexico, Netherlands, New Zealand, Niue, Ontario (Canada), Oregon, Portugal, Quebec (Canada), Switzerland, UK, City of Vancouver, Washington State."
(Source: Powering Past Coal Alliance, Nov., 2017)
More Low-Carbon Energy News COP23, Coal, Powering Past Coal Alliance,
The OEDC aims to promote policies that will improve the economic and social well-being worldwide.
OECD provides a forum in which governments can work together to share experiences and seek solutions to common problems and to better understand what drives economic, social and environmental change. The organization measures productivity and global flows of trade and investment, analyses and compares data to predict future trends, and sets international standards on a wide range of issues from agriculture and taxes to the safety of chemicals, and others.
OECD works with business through the Business and Industry Advisory Committee to the OECD (BIAC), and with labour through the Trade Union Advisory Committee (TUAC). (Source: Organization for Economic Co-operation and Development, BNN, Canadian Press, 1 Nov., 2017) Contact: Organization for Economic Co-operation and Development, www.oecd.org/canada
More Low-Carbon Energy News Organization for Economic Co-operation and Development,
The average Briton's carbon footprint is now 33 pct less than in 1992 and they are more than 130 pct richer. According to the report, reasons for the shift include the 1990s "dash for gas" power, a switch to a more services-based economy, policies since the Climate Change Act was introduced in 2008, energy efficiency schemes and cutting methane from landfill sites.
The report also questions the notion that the UK has simply shifted its emissions overseas, with more products bought from manufacture in countries such as China where the greenhouse gas output is then counted.
Government data shows these so-called imported emissions peaked in 2007 before the financial crisis and are now, per person, almost exactly what they were in 1997, the study said.
(Source: OECD, BelfastTelegraph, April, 2017)
Organization for Economic Co-operation and Development, www.oecd.org
More Low-Carbon Energy News Carbon Emissions, UK Carbon Emissions, G7,