Ex-post evaluation of the Kyoto Protocol : Four key lessons for the 2015 Paris Agreement

On his first day in office, Prime Minister Mark Carney announced the elimination of the consumer carbon tax, in response to political pressures rather than evidence-based concerns about its effectiveness or impact on affordability. The tax had played a crucial role in reducing the country’s GHG emissions, and along with other carbon pricing policies, was expected to contribute nearly half of Canada’s emissions reductions by 2030. Additionally, the majority of revenues collected were redistributed to citizens, protecting vulnerable households. Thus, without alternative policies to compensate, eliminating the tax could slow emissions reductions and increase inflationary pressure, particularly for low- and middle-income families who benefited financially from the Canada Carbon Rebate funded by the tax. 

The President of the European Commission, Ursula von der Leyen, has committed to presenting a European Climate Adaptation Plan in 2026. The European Commission has previously emphasised public budgets as the main source of coverage for climate-related disasters. But if both the EU’s and member states’ budgets are strained by competing investment priorities and high debt levels in some cases, what are the complementary avenues for financing adaptation in the EU? How can private financial actors, such as banks, insurance companies or asset management firms, support adaptation efforts, not only to ensure resilience (i.e. recovery) from climate disasters, but also to prevent impacts before they arrive?

Premier état des lieux et pistes sur les banques, assureurs, gestionnaires d’actifs Un besoin de clarifier le rôle des banques, assureurs dommage et gestionnaires d’actifs dans l’adaptation de l’immobilier. Alors que les effets du changement climatique sont de plus en plus manifestes, les parties prenantes de l’immobilier doivent se préparer aux conséquences du réchauffement climatique qui pourrait atteindre, d’ici la fin du siècle en France, +4°C.