22nd Global Conference on Environmental Taxation – Implementing Green Deals
Over the past 21 years, the GCET conferences have materialized as a useful and important meeting place for experts and scholars from all parts of the world taking interest in experiences and insights relating to environmental taxation in a wide sense. The fiscal perspective has also become significant following the recent economic crisis and pandemic that sent an already expansionary fiscal and monetary policy into overdrive. Finance ministers will need to find new sources to raise revenue – environmental taxation seems to be a natural contender. While much of the media attention is devoted to the pandemic crisis and the ailing economies, the climate crisis continues unabated.
The IPCC Special Report on Global Warming of 1.5ºC suggests pathways to limit global warming if global net emissions decline by 45% (below 2010 levels) by 2030 and reach net zero around 2050. Given the still rapidly increasing GHG concentration in the atmosphere, this is a daunting task, especially since many jurisdictions have not succeeded in decoupling economic growth from GHG emissions. It requires nothing less than a fundamental transition of our economy. Despite all pessimism, many jurisdictions have vowed to take drastic measures and have designed plans to limit global warming and set targets for 2030, 2050 and beyond . This year’s conference will explore the wide range of strategies and instruments to implement the environmental goals for 2030 and 2050.