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Author: Mr. Rudolfs Bems
Publisher: International Monetary Fund
ISBN:
Category :
Languages : en
Pages : 35
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Book Description
This paper assesses the economic effects of climate policies on different regions and countries with a focus on external adjustment. The paper finds that various climate policies could have substantially different impacts on external balances over the next decade. A credible and globally coordinated carbon tax would decrease current account balances in greener advanced economies and increase current accounts in more fossil-fuel-dependent regions, reflecting a disproportionate decline in investment for the latter group. Green supply-side policies—green subsidy and infrastructure investment—would increase investment and saving but would have a more muted external sector impact because of the constrained pace of expansion for renewables or the symmetry of the infrastructure boost. Country characteristics, such as initial carbon intensity and net fossil fuel exports, ultimately determine the current account responses. For the global economy, a coordinated climate change mitigation policy package would shift capital towards advanced economies. Following an initial rise, the global interest rates would fall over time with increases in the carbon tax. These external sector effects, however, depend crucially on the degree of international policy coordination and credibility.
Author: Mr. Rudolfs Bems
Publisher: International Monetary Fund
ISBN:
Category :
Languages : en
Pages : 35
Get Book Here
Book Description
This paper assesses the economic effects of climate policies on different regions and countries with a focus on external adjustment. The paper finds that various climate policies could have substantially different impacts on external balances over the next decade. A credible and globally coordinated carbon tax would decrease current account balances in greener advanced economies and increase current accounts in more fossil-fuel-dependent regions, reflecting a disproportionate decline in investment for the latter group. Green supply-side policies—green subsidy and infrastructure investment—would increase investment and saving but would have a more muted external sector impact because of the constrained pace of expansion for renewables or the symmetry of the infrastructure boost. Country characteristics, such as initial carbon intensity and net fossil fuel exports, ultimately determine the current account responses. For the global economy, a coordinated climate change mitigation policy package would shift capital towards advanced economies. Following an initial rise, the global interest rates would fall over time with increases in the carbon tax. These external sector effects, however, depend crucially on the degree of international policy coordination and credibility.
Author: Stephen H. Schneider
Publisher: Island Press
ISBN: 1597268429
Category : Political Science
Languages : en
Pages : 581
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Book Description
Questions surrounding the issue of climate change are evolving from "Is it happening?" to "What can be done about it?" The primary obstacles to addressing it at this point are not scientific but political and economic; nonetheless a quick resolution is unlikely. Ignorance and confusion surrounding the issue -- including a lack of understanding of climate science, its implications for the environment and society, and the range of policy options available -- contributes to the political morass over dealing with climate change in which we find ourselves. Climate Change Policy addresses that situation by bringing together a wide range of new writings from leading experts that examine the many dimensions of the topics most important in understanding climate change and policies to combat it. Chapters consider: climate science in historical perspective analysis of uncertainties in climate science and policy the economics of climate policy North-South and intergenerational equity issues the role of business and industry in climate solutions policy mechanisms including joint implementation, emissions trading, and the so-called clean development mechanism Regardless of the fate of the Kyoto Protocol, the issues raised in that debate will persist as new climate protection regimes emerge; this volume treats most of those topics. Tying the chapters together is a shared conclusion that climate change is a real and serious problem, and that we as a society have an obligation not merely to adapt to it but to mitigate it in whatever intelligent ways we can develop. Cost-effectiveness is not disdained, but neither is the imperative for valuing species threatened by rapid climate change.
Author: Don Fullerton
Publisher: University of Chicago Press
ISBN: 0226921980
Category : Business & Economics
Languages : en
Pages : 345
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Book Description
Economic research on climate change has been crucial in advancing our understanding of the consequences associated with global warming as well as the costs and benefits of the various policies that might reduce emissions of greenhouse gases. As nations work to develop climate policies, economic insights into their design and implementation are ever more important. With a balance between theoretical and empirical approaches, The Design and Implementation of US Climate Policy looks at the possible effects of various climate policies on a range of economic outcomes. The studies that comprise the volume examine topics that include the coordination—or lack thereof—between the federal and state governments, implications of monitoring and enforcing climate policy, and the specific consequences of various climate policies for the agricultural, automotive, and buildings sectors.
Author: Kurt Hübner
Publisher: Routledge
ISBN: 042985675X
Category : Business & Economics
Languages : en
Pages : 371
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Book Description
The science is clear: climate change is a fact and the probability is extremely high that it has been caused by humans. At the same time, policy responses are hesitant, rather lukewarm and differ substantially between nation-states. The question is, what drives and what blocks radical action? This book makes the case that institutional settings, path dependence and emerging change coalitions are critical in explaining climate policies across the global political economy. Technological and social-political innovations are key drivers for dealing with climate change. This class of innovation is very much guided, or suppressed, by a national economy's established institutional settings. By anchoring national case studies in a version of the well established ‘varieties of capitalism’ approach, the chapters of this book show why some economies are policy leaders and others become policy followers, or even policy interlockers. Moreover, the case studies demonstrate the extent to which external events and institutional constraints from the international polity influence national innovation strategies. Taking a unique analytical approach, which combines insights from innovation policies and a variety of capitalism literature, the authors provide genuine comprehension of the interplay between institutional settings, political actors and climate policies. National Pathways to Low Carbon Emission Economies offers a valuable examination of these issues on climate change that will be of interest to academics and postgraduates researching climate policy, economic policy and social movements. Furthermore, it is relevant for policy analysts and policy makers who are interested in learning from climate policies in the context of innovation strategies for a range of countries.
Author: David G. Victor
Publisher: Council on Foreign Relations
ISBN: 9780876093436
Category : Political Science
Languages : en
Pages : 184
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Book Description
Council on Foreign Relations This book provides a balanced and comprehensive account of the issues involved in climate change and the range of domestic and foreign policy options available to American policymakers.
Author:
Publisher: World Business Pub.
ISBN: 9781569735688
Category : Business enterprises
Languages : en
Pages : 0
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Book Description
The GHG Protocol Corporate Accounting and Reporting Standard helps companies and other organizations to identify, calculate, and report GHG emissions. It is designed to set the standard for accurate, complete, consistent, relevant and transparent accounting and reporting of GHG emissions.
Author: Miria A. Pigato
Publisher: World Bank Publications
ISBN: 9781464813580
Category : Business & Economics
Languages : en
Pages : 240
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Book Description
This report provides actionable advice on how to design and implement fiscal policies for both development and climate action. Building on more than two decades of research in development and environmental economics, it argues that well-designed environmental tax reforms are especially valuable in developing countries, where they can reduce emissions, increase domestic revenues, and generate positive welfare effects such as cleaner water, safer roads, and improvements in human health. Moreover, these reforms need not harm competitiveness. New empirical evidence from Indonesia and Mexico suggests that under certain conditions, raising fuel prices can actually increase firm productivity. Finally, the report discusses the role of fiscal policy in strengthening resilience to climate change. It provides evidence that preventive public investments and measures to build fiscal buffers can help safeguard stability and growth in the face of rising climate risks. In this way, environmental tax reforms and climate risk-management strategies can lay the much-needed fiscal foundation for development and climate action.
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1484304802
Category : Business & Economics
Languages : en
Pages : 60
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Book Description
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.
Author: Calmfors, Lars
Publisher: Nordic Council of Ministers
ISBN: 9289360895
Category : Business & Economics
Languages : en
Pages : 245
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Book Description
The articles in the 2019 Nordic Economic Policy Review analyse how the Nordic countries best can contribute to international climate policy. The articles cover topics such as: How can the Nordics help raise the ambitions in the Paris Agreement? What is the effect of national policy on emissions regulated by the EU Emissions Trading System? Would it be cost-effective for the Nordic countries to pay for emission reductions elsewhere to a larger extent? What role should be played by subsidies to green technology? Should Norway put more emphasis on supply-side policies, that is, on limiting future extraction of oil and gas? The volume contains five papers with associated comments which were originally presented at a conference in Stockholm on 24 October 2018.
Author: Stephen H. Schneider
Publisher: Island Press
ISBN: 161091127X
Category : Science
Languages : en
Pages : 545
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Book Description
This is the mcomprehensive and currreference resource on climate change available today. It features forty-nine individual chapters by some of the world’s leading climate scientists. Its five sections address climate change in five dimensions: ecological impacts, policy analysis, international considerations, United States considerations, and mitigation options to reduce carbon emissions. In many ways, this volume supersedes the Fourth AssessmReport of the Intergovernmental Panel on Climate Change (IPCC). Many important developments too recto be treated in the 2007 IPCC documents are covered here. Overall, Climate Change Science and Policy paints a direr picture of the effects of climate change than do the IPCC reports. It reveals that climate change has progressed faster than the IPCC reports anticipated and that the outlook for the future is bleaker than the IPCC reported.
