1、EY Green Tax TrackerKeeping pace with sustainability incentives,carbon regimes and environmental taxes20 February 2023EY Green Tax Tracker Page 2Global goalsThe Paris Agreement is an international treaty on climate change.It was adopted by 196 parties in 2015 and entered into force in 2016.The goal

2、of the agreement is to keep the global average temperature rise this century as close as possible to 1.5C above preindustrial levels.Emissions need to be reduced by 45%by 2030 and reach net zero by 2050.The Glasgow Climate Pact is a 2021 agreement of 190 countries that reaffirms the goal of limiting

3、 global warming to 1.5C.It asks countries to improve their 2030 national climate targets by the end of 2022,calls for countries to make efforts to reduce the use of coal as a source of fuel and end inefficient fossil fuel subsidies,calls for climate financing for developing countries,calls financial

4、 support for adaptation measures and creates a market for units representing emissions reductions that countries can trade.Carbon negative is the result of an organization both reducing its emissions in line with its 1.5C SBT and investing in nature-based solutions and carbon technologies to remove

5、and offset more carbon than it emits each year.130+countries representing over 80%of global greenhouse gas(GHG)emissions,have communicated a net-zero target in either domestic law,policy,or high-level political pledge*Net zero is the point at which an organization has achieved its science-based targ

6、et to limit global warming to 1.5C above pre-industrial levels and removed its residual emissions from the atmosphere.100+nations pledge to stop deforestation100+nations agree to reduce methane40+nations vow to phase out coal and fossil fuels*Source:,10 February 2023.EY Green Tax Tracker Page 3Keepi