6 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

IMF   |  
Fiscal Policies for Paris Climate Strategies - From Principle to Practice

Fiscal Policies for Paris Climate Strategies - From Principle to Practice provides country-level guidance on the role, and design of, fiscal policies for implementing climate mitigation strategies that countries have submitted for the 2015 Paris Agreement and for addressing vulnerabilities in disaster-prone countries. On the mitigation side, the paper presents a spreadsheet tool for judging the likely impact on emissions, fiscal revenues, local air pollution mortality, and economic welfare impacts of a range of instruments including comprehensive carbo

Category:  Fiscal Instruments for Climate Policy

WBG   |  
Fiscal Policies for Development and Climate Action - Policy Summary for Finance Ministers

This brochure summarizes the policy recommendations of a World Bank upcoming publication: Fiscal Policies for Development and Climate Action. The report is a call to action for Finance Ministers. It highlights the fundamental role that fiscal instruments can play as a cost-efficient way to reduce climate emissions and enhance development.  It calls for environmental taxes and the elimination of fossil fuels subsidies to ensure that energy prices reflect all externalities.



Category:  Fiscal Instruments for Climate Policy
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   |  
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

GIZ, IISD   |  
Fiscal Instruments in INDCs: How countries are looking to fiscal policies to support INDC implementation?

International Institute for Sustainable Development (IISD) and the German Agency for International Cooperation (GIZ) (on behalf of the German Ministry for Economic Cooperation and Development) have undertaken a rapid review of INDCs to highlight the countries that are using these tools as part of their INDCs, catalogue the different tools that countries are referencing in their INDCs, identify the frequency of their use and identify trends in how countries are planning to use fiscal instruments to support achievement of INDCs.



Category:  Macroeconomics of Climate Change