The Poverty and Distributional Impacts of Carbon Pricing: Channels and Policy Implications

The Poverty and Distributional Impacts of Carbon Pricing: Channels and Policy Implications
Author: Baoping Shang
Publisher: International Monetary Fund
Total Pages: 32
Release: 2021-06-25
Genre: Business & Economics
ISBN: 151357339X

Addressing the poverty and distributional impacts of carbon pricing reforms is critical for the success of ambitious actions in the fight against climate change. This paper uses a simple framework to systematically review the channels through which carbon pricing can potentially affect poverty and inequality. It finds that the channels differ in important ways along several dimensions. The paper also identifies several key gaps in the current literature and discusses some considerations on how policy designs could take into account the attributes of the channels in mitigating the impacts of carbon pricing reforms on households.

The Paris Agreement on Climate Change

The Paris Agreement on Climate Change
Author: Daniel Klein
Publisher: Oxford University Press
Total Pages: 462
Release: 2017-07-26
Genre: Law
ISBN: 0192506374

The most important climate agreement in history, the Paris Agreement on Climate Change represents the commitment of the nations of the world to address and curb climate change. Signed in December 2015, it entered into force on 4th November 2016. Countries are moving into implementation, and efforts at all levels will be needed to fulfill its ambitious goals. The Paris Climate Agreement: Commentary and Analysis combines a comprehensive legal appraisal and critique of the new Agreement with a practical and structured commentary to and social drivers behind it, providing an overview of the pre-existing regime, and tracking the history of the negotiations. It examines the evolution of key concepts such as common but differentiated responsibilities, and analyses the legal form of the Agreement and the nature of its provisions. Part II comprises individual chapters on each Article of the Agreement, with detailed commentary of the provisions which highlights central aspects from the negotiating history and the legal nature of the obligations. It describes the institutional arrangements and considerations for national implementation, providing practical advice and prospects for future development. Part III reflects on the Paris Agreement as a whole: its strengths and weaknesses, its potential for further development, and its relationship with other areas of public international law and governance. The book is an invaluable resource for academics and practitioners, policy makers, and actors in the private sector and civil society, as they negotiate the implementation of the Agreement in domestic law and policy.

State and Trends of Carbon Pricing 2014

State and Trends of Carbon Pricing 2014
Author: World Bank World Bank
Publisher: World Bank Publications
Total Pages: 140
Release: 2014-05-28
Genre: Carbon offsetting
ISBN: 1464802688

The report is a one stop shop for learning about key developments and prospects of existing and emerging carbon initiatives. A challenging international carbon market has not stopped the development of domestic carbon pricing initiatives. Today, about 40 national and over 20 sub-national jurisdictions responsible for almost one fourth of global greenhouse gas emissions are putting a price on carbon. Together, these initiatives cover the equivalent of almost 6 gigatons of carbon dioxide, or about 12% of global emissions.

Global Carbon Pricing

Global Carbon Pricing
Author: Peter Cramton
Publisher: MIT Press
Total Pages: 270
Release: 2017-06-16
Genre: Business & Economics
ISBN: 0262340399

Why the traditional “pledge and review” climate agreements have failed, and how carbon pricing, based on trust and reciprocity, could succeed. After twenty-five years of failure, climate negotiations continue to use a “pledge and review” approach: countries pledge (almost anything), subject to (unenforced) review. This approach ignores everything we know about human cooperation. In this book, leading economists describe an alternate model for climate agreements, drawing on the work of the late Nobel laureate Elinor Ostrom and others. They show that a “common commitment” scheme is more effective than an “individual commitment” scheme; the latter depends on altruism while the former involves reciprocity (“we will if you will”). The contributors propose that global carbon pricing is the best candidate for a reciprocal common commitment in climate negotiations. Each country would commit to placing charges on carbon emissions sufficient to match an agreed global price formula. The contributors show that carbon pricing would facilitate negotiations and enforcement, improve efficiency and flexibility, and make other climate policies more effective. Additionally, they analyze the failings of the 2015 Paris climate conference. Contributors Richard N. Cooper, Peter Cramton, Ottmar Edenhofer, Christian Gollier, Éloi Laurent, David JC MacKay, William Nordhaus, Axel Ockenfels, Joseph E. Stiglitz, Steven Stoft, Jean Tirole, Martin L. Weitzman

Fiscal Policies for Paris Climate Strategies—from Principle to Practice

Fiscal Policies for Paris Climate Strategies—from Principle to Practice
Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
Total Pages: 109
Release: 2019-05-01
Genre: Business & Economics
ISBN: 1498311717

This paper discusses the role of, and provides practical country-level guidance on, fiscal policies for implementing climate strategies using a unique and transparent tool laying out trade-offs among policy options.

Getting Better

Getting Better
Author: Owen Smith
Publisher: World Bank Publications
Total Pages: 214
Release: 2013-06-10
Genre: Medical
ISBN: 0821398849

Fifty years ago, health outcomes in the countries of Eastern Europe and Central Asia were not far behind those in Western Europe and well ahead of most other regions of the world. But progress since then has been slow. While life expectancy in the ECA region today is close to the global average, the gap with its western neighbors has doubled, and other middle-income regions have all surpassed ECA. Some countries in the region are doing better, but full convergence with the world’s most advanced health systems is still a long way off. At the same time, survey evidence suggests that the health sector is the top priority for additional investment among populations across the region. The experience of high-income countries also suggests that popular demand for strong and accessible health systems will only grow over time. Yet these aspirations must be reconciled with current fiscal realities. In brief, health sector issues are a challenge here to stay for policy-makers across the ECA region. This report draws on new evidence to explore the development challenge facing health sectors in ECA, and highlights three key agendas to help policy-makers seeking to achieve more rapid convergence with the world’s best performing health systems. The first is the health agenda, where the task is to strengthen public health and primary care interventions to help launch the “cardiovascular revolution” that has taken place in the West in recent decades. The second is the financing agenda, in which growing demand for medical care must be satisfied without imposing undue burden on households or government budgets. The third agenda relates to broader institutional arrangements. Here there are some key reform ingredients common to most advanced health systems that are still missing in many ECA countries. A common theme in each of these three agendas is the emphasis on improving outcomes, or “Getting Better”.

Energy and the Environment

Energy and the Environment
Author: Sherzod Shadikhodjaev
Publisher: Cambridge University Press
Total Pages: 387
Release: 2024-05-31
Genre: Law
ISBN: 1316517446

This book shows the complexity of the energy-environment nexus under international economic law, existing gaps and further actions for improvement.

Data for a Greener World

Data for a Greener World
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 231
Release: 2023-03-15
Genre: Business & Economics
ISBN:

Data for a Greener World presents a structured discussion on how to measure the economic and financial dimensions of climate change. It combines economic theory and analysis with real world examples of how climate data can be constructed for different country settings, based on existing climate science and economic data. The book identifies important climate data gaps, as well as practical and innovative approaches to close many of these gaps. The book discusses how to track greenhouse gas emission by production and consumption (Chapters 1-2), which lead to physical risks (Chapters 3-4) and transition risks (Chapters 5-7) and concludes with cross-border implications of climate risks (Chapters 8-9). The book also showcases a collaboration of seven international organizations: European Central Bank, Eurostat, International Energy Agency, International Monetary Fund, Organisation for Economic Cooperation and Development, World Bank, and World Trade Organization. Chapter contributions come from leading practitioners and experts in the fields of energy and climate change issues. This volume also serves as a reference guide for the IMF's Climate Change Indicators Dashboard and future research in this area.

Worlds at Stake

Worlds at Stake
Author: Aaron Saad
Publisher: Fernwood Publishing
Total Pages: 233
Release: 2022-10-31T00:00:00Z
Genre: Political Science
ISBN: 1773635867

The intensifying climate crisis has put the world on high alert. For those living in the high-consuming, high-polluting swaths of the world, it is clear that something about our society, our politics, our economy — our very way of life — must change. But the nature of those necessary changes is a source of seemingly intractable dispute. Does the answer lie in stimulating the dynamism of capitalist market forces with a carbon price, or in the deployment of new, climate-engineering technologies? Or does it lie in still more radical changes — something akin to a wartime-like mobilization to rapidly build a more just post-carbon world, or a shift to an ecologically bounded society that has transcended perpetual capitalist growth? Our ideologies — the competing ways we believe the world should be — powerfully affect how we see the problem of climate change and what we think ought to be done about it. In this highly original and accessible book, Saad presents an erudite survey of political perspectives and ethical arguments about how we should respond to the climate crisis. By arranging these approaches into two broad categories of “system preserving” and “system changing” frameworks, Saad takes the reader on a journey through competing ideas about how we can address our collective responsibility to create a livable global future.

Carbon Pricing and Fossil Fuel Subsidy Rationalization Tool Kit

Carbon Pricing and Fossil Fuel Subsidy Rationalization Tool Kit
Author: Rachael Jonassen
Publisher: Asian Development Bank
Total Pages: 127
Release: 2023-07-01
Genre: Political Science
ISBN: 929270219X

This tool kit offers a step-by-step guide for economies in Asia and the Pacific looking to design, build, and implement emission trading systems (ETS) to help speed up their transition to a greener, more inclusive future. Using case studies to illustrate best practices and lessons learned by countries including Viet Nam and India, it explains the need to design robust legal frameworks before setting up ETSs. It outlines carbon taxes, analyzes fossil fuel subsidy rationalization, and shows why securing support from stakeholders is key for countries planning to implement ETS programs to help meet their climate targets.