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The Energy Transition from a Fiscal Angle: An Overview of Current Challenges and Mitigation Policies

February 13, 2025 - February 14, 2025

Register

This workshop will be conducted in two parts: Part one on February 13 from 1:00 PM to 2:00 PM EST, and Part two on February 14 from 2:00 PM to 3:00 PM EST. By signing up, you agree to attend both sessions.

Please join the Center on Global Energy Policy at Columbia SIPA for a two-part workshop hosted by Diego Mesa Puyo. The focus will center on the current state of global greenhouse gas (GHG) emissions in relation to the collective climate goals set forth in the Paris Agreement, including recent developments from COP28. The discussion will be divided into two parts:

Part One: Assessing Current Emissions and Climate Targets

This segment will provide a comprehensive overview of global GHG emissions relative to the Paris Agreement’s collective climate goals and the recent COP28 agreements. Key topics will include transitioning away from fossil fuels in energy systems, phasing down unabated coal, phasing out inefficient fossil fuel subsidies, and tripling renewable energy capacity. Emissions will be analyzed by sector, country, and type of GHG to offer a clear understanding of the global mitigation challenge. The session will also review current emission levels and projections through 2030 under existing policies and Nationally Determined Contributions (NDCs), highlighting gaps in both ambition and implementation.

Part Two: Financing the Transition to Net-Zero by 2050

The second part will focus on the financial requirements for decarbonizing various economic sectors to achieve net-zero emissions by 2050. The discussion will cover investment trends in clean energy and technologies compared to fossil fuel investments, with particular attention to emerging markets and developing economies. The role of private capital in accelerating climate action will also be examined.

Finally, the workshop will discuss fiscal policy options to address the climate challenge. We will discuss economy-wide policies, including carbon pricing and the removal of inefficient fossil fuel subsidies. The workshop will also look at sectoral and complementary policies and evaluate their efficiency in terms of climate and fiscal effectiveness. If there is time, we will also do a deep dive into the policies introduced in Colombia between 2018 and 2022 that allow the country to rapidly expand the installed capacity of large-scale solar PV and wind projects, and to develop low-emissions hydrogen and offshore wind roadmaps.


Registration is required. This workshop is open only to currently enrolled Columbia University students. To register, you must use the email address that contains your UNI. 

This event will be hosted in person, and capacity is limited. We ask that you register only if you can attend this event for both sessions. 

For more information about the event, please contact [email protected].

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