ASCOR Explainer Series: Pillar 2 Climate Policies

Assessing Sovereign Climate-related Opportunities and Risks (ASCOR) is an investor-led framework used to evaluate how countries are managing the low-carbon transition and climate change impacts. It measures sovereign performance across three pillars: Emissions Pathways, Climate Policies, and Climate Finance. The videos and accompanying slides below cover Pillar 2: Climate Policies, which evaluates a country's national legislation, strategies, and actions that actively regulate and guide the transition to a low-carbon economy. It measures how prepared a nation is to meet its emission targets and adapt to climate impacts. This pillar is broken down into six key areas of evaluation:

1. CP1. Climate Legislation: Evaluates if the country has framework climate laws and clear systems of accountability in place.
2. CP2. Carbon Pricing: Checks for functional carbon pricing systems and evaluates what percentage of national greenhouse gas emissions they cover.
3. CP3. Fossil Fuels: Measures whether the country has committed to a deadline to phase out fossil fuel subsidies and if they publicly disclose an inventory of these subsidies.
4. CP4. Sectoral Transitions: Assesses the presence of multi-sector climate strategies and specific laws/targets regarding energy efficiency.
5. CP5. Adaptation: Reviews national climate risk assessments and whether a comprehensive National Adaptation Plan (NAP) has been published.
6. CP6. Just Transition: Examines whether the government guarantees fundamental rights (including labour and Indigenous rights) and promotes voice and accountability during the economic transition.

CP1. Climate Legislation

ASCOR: Pillar 2 Climate Policies (CP1. Climate Legislation)

CP1. Accompanying slides

CP2. Carbon Pricing

ASCOR: Pillar 2 Climate Policies (CP2. Carbon Pricing)

CP2. Accompanying slides

CP3. Fossil Fuels

ASCOR: Pillar 2 Climate Policies (CP3. Fossil Fuels)

CP3. Accompanying slides

CP4. Sectoral Transitions

ASCOR: Pillar 2 Climate Policies (CP4. Sectoral Transitions)

CP4. Accompanying slides

CP5. Adaptation

ASCOR: Pillar 2 Climate Policies (CP5. Adaptation)

CP5. Accompanying slides

CP6. Just Transition

ASCOR: Pillar 2 Climate Policies (CP6. Just Transition)

CP6. Accompanying slides