Simulation tool for carbon pricing in support of NDC implementation

This CPI simulation tool was developed for policy makers and climate practitioners to examine the opportunity for applying carbon pricing instruments in support of implementation of NDC targets. The overall objectives of this e-learning course are to: - provide policymakers with the understanding how CPIs impact socio-economic factors of development. - examine scenarios and pathways for implementation of NDC targets using CPIs. - examine opportunities to invest revenue in increasing natural climate solution coverage to close the gap to net-zero.

Abstract

UNESCAP has been promoting application of CPIs to increase climate ambition and support low carbon COVID-19 recovery. ESCAP conducted Carbon Pricing Instruments research to support the design of carbon pricing instruments in Asia and the Pacific, including the enabling factors that will support more ambitious and more effective climate policies in the region; the role of cross-border carbon pricing adjustments; and modelling the macroeconomic and social impacts of a range of climate policy scenarios, building on the ESCAP Macroeconomic Model developed by the Macroeconomic Policy and Analysis Section. This CPI simulation tool will allow developing various scenarios of CPIs supporting NDC implementation and investments in natural climate  solutions.



Keywords: 7. Affordable and clean energy; 11. Sustainable cities and communities; 12. Responsible production and consumption; 13. Climate action; 14. Life below water; 15. Life on land; Behavioural science; Environmental sustainability; Sustainable development; Policymaking