May 2019 - After its introduction had been postponed several times, South Africa’s parliament approved a long-awaited national carbon tax in February 2019. The tax, which is to come into effect in June 2019, is to assist the African country in achieving its mitigation targets under the Paris Agreement and reduce its dependence on fossil fuels. more
April 2019 - A new study explores different options for a market-based measure for international shipping by comparing an offsetting scheme, an emissions trading scheme, and a climate levy. Based on the assessment of the three options the authors conclude that a climate levy would be the most appropriate measure to steer the shipping sector towards decarbonisation at comparatively low transaction costs. more
German Federal Ministry for the Environment Carbon Mechanisms Portal
This website provides information on market-based climate policy instruments. It applies to, inter alia, the cooperative approaches of the Paris Agreement, which enable Parties to follow different paths to international-level cooperation.