A guide for policy makers in implementing national or sub-national policies to support innovations in renewable energy.
OECD’s 2015 publication, Aligning Policies for a Low Carbon Economy surveys the efficacy of R&D tax credits, innovation investment portfolio theory, and the effects of removing unhelpful subsidies for entrenched technologies.
Highlights 15 high potential technology areas and pathways to speed up renewable energy development and deployment.
Considers potential policy options to promote ‘systemic innovation’ that foster decarbonization, with a specific focus on the EU.
China has been operating seven test pilot carbon markets in different regions. A 2017 State Council directive established process and framework for China’s national carbon market going forward.
The Law on Energy Transition to Green Growth set a trajectory for the tax rate to gradually increase until 2030, up to the rate of 100 €/tCO2e.
Tax base is the amount of CO2 emissions from fossil fuel use (covering 70% of Japan’s GHG emissions), with some exemptions for agriculture, public transportation, petrochemical industries, and coal-fired power plants in Okinawa.
Established a carbon tax in 2013 for those sources whose emissions exceed the emissions of natural gas, with the value of the tax capped at 3%, and established MexiCO2, a voluntary exchange that provides carbon credits.
Tax was extended indefinitely in 2012 with extended coverage, and indexing of the tax rate to 100% of the EU ETS price.
A carbon tax on all residential and commercial use of gas and oil not covered by the EU ETS.