The Prague Post - Combining climate measures key to slashing emissions: study

EUR -
AED 4.177115
AFN 81.881407
ALL 99.252011
AMD 444.59148
ANG 2.049629
AOA 1037.159602
ARS 1294.14051
AUD 1.780172
AWG 2.047025
AZN 1.937816
BAM 1.956825
BBD 2.294803
BDT 138.092365
BGN 1.957857
BHD 0.428625
BIF 3332.101328
BMD 1.137236
BND 1.492134
BOB 7.854392
BRL 6.605299
BSD 1.136596
BTN 97.022843
BWP 15.66621
BYN 3.71968
BYR 22289.824581
BZD 2.282996
CAD 1.574122
CDF 3271.828234
CHF 0.930817
CLF 0.028662
CLP 1099.88957
CNY 8.306268
CNH 8.306019
COP 4901.486936
CRC 571.199327
CUC 1.137236
CUP 30.136753
CVE 110.77121
CZK 25.063093
DJF 202.11002
DKK 7.466603
DOP 68.807192
DZD 150.758867
EGP 58.143353
ERN 17.058539
ETB 151.279275
FJD 2.59711
FKP 0.856519
GBP 0.857288
GEL 3.116471
GGP 0.856519
GHS 17.695835
GIP 0.856519
GMD 81.31675
GNF 9843.350125
GTQ 8.754588
GYD 238.429138
HKD 8.827817
HNL 29.46444
HRK 7.519522
HTG 148.317723
HUF 408.38716
IDR 19177.096068
ILS 4.189521
IMP 0.856519
INR 97.094367
IQD 1489.779092
IRR 47906.064711
ISK 145.100373
JEP 0.856519
JMD 179.644139
JOD 0.806646
JPY 161.682017
KES 147.276378
KGS 99.205077
KHR 4566.00273
KMF 492.996098
KPW 1023.486197
KRW 1613.044532
KWD 0.348711
KYD 0.947196
KZT 594.971784
LAK 24598.413953
LBP 101896.34134
LKR 339.937138
LRD 227.418803
LSL 21.444738
LTL 3.357963
LVL 0.687903
LYD 6.221113
MAD 10.547908
MDL 19.662304
MGA 5177.713287
MKD 61.514233
MMK 2387.750039
MNT 4034.978004
MOP 9.086962
MRU 44.847502
MUR 51.278399
MVR 17.517685
MWK 1974.241998
MXN 22.428272
MYR 5.012372
MZN 72.675107
NAD 21.444738
NGN 1824.926761
NIO 41.821916
NOK 11.919455
NPR 155.236349
NZD 1.916394
OMR 0.437833
PAB 1.136596
PEN 4.279463
PGK 4.700463
PHP 64.495498
PKR 319.112616
PLN 4.278742
PYG 9097.767521
QAR 4.140226
RON 4.978937
RSD 117.291464
RUB 93.451578
RWF 1609.188866
SAR 4.267179
SBD 9.516785
SCR 16.196165
SDG 682.914367
SEK 10.955779
SGD 1.490626
SHP 0.893689
SLE 25.900592
SLL 23847.250746
SOS 649.934509
SRD 42.248737
STD 23538.488054
SVC 9.945212
SYP 14785.985057
SZL 21.403201
THB 37.92345
TJS 12.206811
TMT 3.980326
TND 3.398104
TOP 2.663525
TRY 43.355779
TTD 7.712041
TWD 36.987505
TZS 3056.325739
UAH 47.101683
UGX 4166.329832
USD 1.137236
UYU 47.664978
UZS 14768.739292
VES 91.955341
VND 29420.293975
VUV 138.058823
WST 3.166177
XAF 656.312471
XAG 0.034866
XAU 0.000342
XCD 3.073437
XDR 0.816192
XOF 653.911048
XPF 119.331742
YER 278.907529
ZAR 21.425938
ZMK 10236.492294
ZMW 32.36396
ZWL 366.189511
  • JRI

    0.1600

    12.4

    +1.29%

  • BCE

    0.4200

    22.04

    +1.91%

  • NGG

    0.6300

    72.11

    +0.87%

  • RELX

    1.0000

    52.2

    +1.92%

  • CMSC

    0.0400

    21.82

    +0.18%

  • RIO

    1.0100

    58.17

    +1.74%

  • BCC

    0.7800

    93.47

    +0.83%

  • SCS

    0.0500

    9.76

    +0.51%

  • VOD

    0.1400

    9.31

    +1.5%

  • CMSD

    0.0400

    21.96

    +0.18%

  • GSK

    0.5600

    35.93

    +1.56%

  • RBGPF

    63.5900

    63.59

    +100%

  • RYCEF

    -0.1400

    9.36

    -1.5%

  • BTI

    0.5400

    42.37

    +1.27%

  • AZN

    0.5400

    67.59

    +0.8%

  • BP

    0.6600

    28.32

    +2.33%

Combining climate measures key to slashing emissions: study
Combining climate measures key to slashing emissions: study / Photo: JUSTIN TALLIS - AFP

Combining climate measures key to slashing emissions: study

A major new study published Thursday on the effectiveness of climate measures such as taxes or subsidies in reducing greenhouse gases has found stand-alone measures fail to make a big difference.

Text size:

Published in the journal Science, the study examined 25 years of public policies in 41 countries across six continents.

It concluded that out of the 1,500 policies analysed in sectors including energy, transport and construction, "only 63 cases of successful climate policies, each leading to average emission reductions of 19 percent, were identified."

"The researchers show that bans on coal-fired power plants or combustion engine cars do not result in major emissions reductions when implemented alone," said the Potsdam Institute for Climate Impact Research (PIK) that led the study with Mercator Research Institute on Global Commons and Climate Change (MCC).

"Successful cases only arise in tandem with tax or price incentives in well-designed policy mixes, as shown in the UK for coal-fired power generation or in Norway for cars," the researchers said.

The study used a new OECD database and an innovative approach that combined machine learning methods with established statistical analyses.

It "identified 63 successful policy interventions with total emission reductions between 0.6 billion and 1.8 billion tonnes CO2".

By comparison, humanity emitted 57.4 billion tonnes of CO2 equivalent in 2022, according to United Nations estimates.

Among the successes identified was Britain's introduction in 2013 of a minimum carbon price, subsidies for renewable energy, and a coal phase-out plan.

The researchers hope their work will influence the climate roadmaps countries are updating and must submit to the UN by February 2025.

The aim of these roadmaps is to keep alive the Paris Agreement's flagship goal of limiting warming to 1.5 degrees Celsius from pre-industrial levels.

- 'Right mix is crucial' -

An interactive website, "Climate Policy Explorer", provides an overview of the results, analysis and methods, and is accessible to the public.

"Our findings demonstrate that more policies do not necessarily equate to better outcomes. Instead, the right mix of measures is crucial," explained the study's lead author Nicolas Koch of PIK and MCC.

"For example, subsidies or regulations alone are insufficient; only in combination with price-based instruments, such as carbon and energy taxes, can they deliver substantial emission reductions."

"But by focusing only on 69 statistically identifiable large trend breaks, they miss the impact of thousands of smaller efforts globally, and the cumulative and often self-reinforcing impact of many smaller measures", said Michael Grubb at University College London.

He also acknowledged "the most sophisticated study to date".

"Their conclusion that big impacts require combinations of policies makes absolute sense," he added.

"The study only looks for policies making sudden reductions, whereas most climate policies work on the efficiency of new things or the long-term trajectory of emissions, taking many years to build up greener infrastructure or ways of living," said Robin Lamboll at Imperial College London.

C.Novotny--TPP