Economic and Environmental Benefits from International Cooperation on Climate Policies

Economic and Environmental Benefits from International Cooperation on Climate Policies
Author: Jean Chateau
Publisher: International Monetary Fund
Total Pages: 50
Release: 2022-03-17
Genre: Business & Economics
ISBN: 1616358300

This paper discusses and analyzes various international mechanisms to scale up global action on climate mitigation and address the policy gap in this area. Despite the new commitments made at COP 26, there is still an ambition and a policy gap at the global level to keep temperature increases below the 2°C agreed in Paris. Avoiding the worst outcomes of climate change requires an urgent scaling up of climate policies. Recent policy proposals include the idea of common minimum carbon prices, which underlie the IMF’s international carbon price proposal (Parry, Black, and Roaf 2021) and the climate club proposal of the German government. While global carbon prices are not a new idea, the new elements are the use of carbon price floors—which allow countries to do more if they wish—and the differentiation of carbon price floors by level of development. In the absence of international coordination, countries with ambitious climate policies are considering introducing a border carbon adjustment mechanism to prevent domestic producers from being at a competitive disadvantage due to more ambitious domestic climate policies. An interesting question from the global perspective is whether border carbon adjustment would deliver substantial additional emissions reductions or incentivize other countries to join a carbon price floor agreement.

Cities and Climate Change

Cities and Climate Change
Author: OECD
Publisher: OECD Publishing
Total Pages: 278
Release: 2010-11-29
Genre:
ISBN: 9264091378

This book shows how city and metropolitan regional governments working in tandem with national governments can change the way we think about responding to climate change.

Seychelles

Seychelles
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
Total Pages: 60
Release: 2017-06-20
Genre: Business & Economics
ISBN: 1484304802

This paper takes stock of Seychelles’ plans to manage climate change, from the perspective of its macroeconomic implications. It suggests macro-relevant reforms that could strengthen the plans’ likelihood of success. It highlights high public awareness and a body of existing sustainable development planning, which puts Seychelles several steps ahead toward preparedness. Next steps would be to ensure that climate change planning is integrated with the forthcoming National Development Plan. Disaster preparedness is a relatively strong point, but there is much still to be done—from improving warning systems to resilience building to contingency financing.

The Fight for Climate After COVID-19

The Fight for Climate After COVID-19
Author: Alice C. Hill
Publisher: Oxford University Press
Total Pages: 273
Release: 2021
Genre: Medical
ISBN: 0197549705

"The Fight for Climate after COVID-19 draws on the troubled and uneven COVID-19 experience to illustrate the critical need to ramp up resilience rapidly and effectively on a global scale. After years of working alongside public health and resilience experts crafting policy to build both pandemic and climate change preparedness, Alice C. Hill exposes parallels between the underutilized measures that governments should have taken to contain the spread of COVID-19 -- such as early action, cross-border planning, and bolstering emergency preparation -- and the steps leaders can take now to mitigate the impacts of climate change. Through practical analyses of current policy and thoughtful guidance for successful climate adaptation, The Fight for Climate after COVID-19 reveals that, just as our society has transformed itself to meet the challenge of coronavirus, so too will we need to adapt our thinking and our policies to combat the ever-increasing threat of climate change." --

The Theory of Externalities and Public Goods

The Theory of Externalities and Public Goods
Author: Wolfgang Buchholz
Publisher: Springer
Total Pages: 325
Release: 2017-03-20
Genre: Business & Economics
ISBN: 3319494422

This state-of-the art collection of papers analyses various aspects of the theory of externalities and public goods. The contributions employ new analytical techniques like the aggregative game approach, and discuss the philosophical underpinnings of the theory. Furthermore, they highlight a range of topical empirical applications including climate policy and counterterrorism. This contributed volume was written in memory of Richard C. Cornes, a pioneer in the theory of externalities and public goods.

Climate Change and Common Sense

Climate Change and Common Sense
Author: Thomas C. Schelling
Publisher: Oxford University Press
Total Pages: 294
Release: 2012-01-26
Genre: Business & Economics
ISBN: 0199692874

Each chapter represents a contribution to the literature on the political economy of climate change.

Applying General Equilibrium

Applying General Equilibrium
Author: John B. Shoven
Publisher: Cambridge University Press
Total Pages: 316
Release: 1992-05-29
Genre: Business & Economics
ISBN: 9780521319867

The central idea underlying this work is to convert the Walrasian general equilibrium structure (formalized in the 1950s by Kenneth Arrow, Gerard Debreu and others) from an abstract representation of an economy into realistic models of actual economies.

Finance & Development, December 2019

Finance & Development, December 2019
Author: International Monetary Fund. Communications Department
Publisher: International Monetary Fund
Total Pages: 68
Release: 2019-12-06
Genre: Business & Economics
ISBN: 1513513176

This issue of Finance & Development looks at the economic and financial impact of climate policy choices. It points to concrete solutions that offer growth opportunities, driven by technological innovation, sustainable investment, and a dynamic private sector. The private sector can stop supporting or subsidizing industries and activities that damage the planet and instead invest in sustainable development. Governments can roll out policies to fight climate change and the destruction of nature. The paper highlights that technological change and innovations are central to longer-term efforts to mitigate climate change by developing alternatives to fossil fuels. A new, sustainable financial system is under construction. It is funding the initiatives and innovations of the private sector and amplifying the effectiveness of governments’ climate policies—it could even accelerate the transition to a low-carbon economy. The Bank of England’s latest survey finds that almost three-quarters of banks are starting to treat the risks from climate change like other financial risks—rather than viewing them simply as a corporate social responsibility. Banks have begun to consider the most immediate physical risks to their business models—from the exposure of mortgage books to flood risk to the impact of extreme weather events on sovereign risk.