ChallengesCarbon emissions cause climate change. As governments around the world design policies aimed at capping greenhouse gases, local communities hosting extractives are among the ones who will be hit hardest by these changes. Carbon pricing mechanisms are one of the ways to not only cap greenhouse gases but also generate revenues that can be earmarked for host communities.
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Questions for COPE
COPE Tool is an easy way for civil society organizations and peoples organizations to estimate the greenhouse gas emissions from extractive operations and the potential revenues should a carbon tax be implemented.
How much is the carbon emission from an extractive project?The tool shows high-level data including total reserves, total revenues, and estimated carbon emission.
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How much revenue can be generated from a carbon tax?The tool visualizes the revenue data across the years and allows users to earmark the revenues across specific budget items e.g., health
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Who will benefit from earmarked revenues?Based on a hypothetical earmarking mechanism, the tool can visualize the flow of revenues to local communities as designed by law
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