61 results found
IMF   |  
Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature

Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The literature provides a menu of policy tools for mitigation. A key conclusion is that fiscal tools are first in line and central, but can and may need to be complemented by financial and monetary policy instruments.

Category:  Helsinki Principle 4, Fiscal Instruments for Climate Policy, Macroeconomics of Climate Change, Climate Change Fiscal Risk Assessments and Management

UNDP, UNEP   |  
Partnership for Action on Green Economy (PAGE)

The Partnership for Action on Green Economy (PAGE) was launched in 2013 as a response to the call at Rio+20 to support those countries wishing to embark on greener and more inclusive growth trajectories.

Category:  Helsinki Principle 4, Distribution, Competitiveness & Political Economy
IISD, UNEP   |  
Measuring Fossil Fuel Subsidies in the Context of the Sustainable Development Goals

The 2030 Agenda calls for a “robust, voluntary, effective, participatory, transparent and integrated follow-up and review framework” to monitor progress against the SDGs (United Nations, 2015). A global SDG indicator framework was adopted by the General Assembly on 6 July 2017 as per the Resolution adopted by the General Assembly on Work of the Statistical Commission pertaining to the 2030 Agenda for Sustainable Development (A/RES/71/313).

Category:  Helsinki Principle 3, Distribution, Competitiveness & Political Economy, Climate Change Fiscal Risk Assessments and Management

Shifting Gears: How the world’s leading financial centres are entering a new phase of strategic action on green and sustainable finance
UNEP   |  
Shifting Gears: How the World’s Leading Financial Centres are Entering a New Phase of Strategic Action on Green and Sustainable Finance

The world’s financial centres are the locations where supply and demand for green and sustainable finance will be matched. This report presents the first findings from an in-depth assessment of actions in 13 of these hubs, all members of the International Network of Financial Centres for Sustainability (FC4S) across Africa, the Americas, Asia and Europe. The assessment reveals 10 key insights on how financial centres are mobilizing their expertise, connectivity and capital to help solve some of the world’s toughest financing challenges

Category:  Macroeconomics of Climate Change, Climate Finance
WBG   |  
Climate Change and Governance : Opportunities and Responsibilities

This Governance Note explains why climate change is a governance issue. It describes the development challenge that climate change poses, outlines the role of institutions in tackling the issue and prescribes the policy response to address its impacts.

Category:  Distribution, Competitiveness & Political Economy
Bank of England   |  
Climate Change and the Macro-economy: A Critical Review.

Climatic factors can directly affect economic outcomes such as output, investment and productivity, and understanding the economic consequences of climate change is rapidly becoming a necessity not just for climate economists but also for a wider range of economic professionals involved in modelling and forecasting macroeconomic variables. The focus of this review is on the key theoretical and empirical modelling issues in the analysis of the macroeconomic risks deriving from climate change.

Category:  Macroeconomics of Climate Change

IMF   |  
The Effects of Weather Shocks on Economic Activity: What are the Channels of Impact?

Global temperatures have increased at an unprecedented pace in the past 40 years. This paper finds that increases in temperature have uneven macroeconomic effects, with adverse consequences concentrated in countries with hot climates, such as most low-income countries. In these countries, a rise in temperature lowers per capita output, in both the short and medium term, through a wide array of channels: reduced agricultural output, suppressed productivity of workers exposed to heat, slower investment, and poorer health.

Category:  Macroeconomics of Climate Change

IMF   |  
Climate Mitigation in China: Which Policies Are Most Effective?

For the 2015 Paris Agreement on climate change, China pledged to reduce the carbon dioxide (CO2) intensity of GDP by 60–65 percent below 2005 levels by 2030. This paper develops a practical spreadsheet tool for evaluating a wide range of national level fiscal and regulatory policy options for reducing CO2 emissions in China in terms of their impacts on emissions, revenue, premature deaths from local air pollution, household and industry groups, and overall economic welfare.

Category:  Macroeconomics of Climate Change

UNEP, OECD   |  
Green Growth Knowledge Partnership

The Green Growth Knowledge Partnership (GGKP) is a global network of experts and organizations dedicated to providing the policy, business, and finance communities with knowledge, guidance, data, and tools to transition to an inclusive green economy. 

Category:  Helsinki Principle 3, Helsinki Principle 4, Helsinki Principle 5, Helsinki Principle 6, Distribution, Competitiveness & Political Economy, Climate Change Fiscal Risk Assessments and Management, Climate Finance
IMF   |  
Iran: The Chronicles of the Subsidy Reform.

On December 18, 2010, Iran increased domestic energy and agricultural prices by up to 20 times, making it the first major oil-exporting country to reduce substantially implicit energy subsidies. This paper reviews the economic and technical issues involved in the planning and early implementation of the reform, including the transfers to households and the public relations campaign that were critical to the success of the reform.

Category:  Distribution, Competitiveness & Political Economy