Optimizing climate policy
The refinement and strengthening of climate policy instruments has been an ongoing task of industrialized country governments for years. With the Paris Climate Agreement concluded in December 2015, developing countries are now also facing the question of how to frame and deliver their contributions in climate action. One opportunity is to leverage the experience of countries that have already implemented climate policy instruments, including for example:
- Emissions trading systems (cap & trade)
- Carbon taxes
- Funding instruments such as feed-in tariffs or project-based CO2 certificates (baseline & credit)
- Legal standards
- Voluntary targets with industry associations and companies
Advisory and analysis for governments and organizations
Decision makers in government benefit from our comprehensive experience in designing and implementing customized climate policy instruments. Our range of services includes:
- Advisory on international experiences with various instruments as well as their interactions
- Quantitative impact assessment
- Capacity building support
Shaping climate policy, from the very beginning
Over the last ten years, Switzerland has operated a sophisticated system of interwoven climate policy instruments. From the beginning, experts at First Climate have contributed to the establishment and expansion of this system and are well versed in the details. Likewise, First Climate has contributed to shaping climate policies in several Member States of the European Union.
Reference work: Finland
Towards the end of 2012, it became clear that the market mechanisms established under the Kyoto Protocol were going to lose their significance. The emissions trading system became the only relevant carbon market instrument in Europe. However, EU Member States are free to implement their own mechanisms for project-based CO2 trading.
The Finish Environment Ministry commissioned First Climate to review design options for a domestic, project-based carbon trading system. With a focus on the transport, buildings and agriculture sectors, we completed a successful analysis of the potential on behalf of the Finnish government.