103 results found
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

WBG   |  
St. Lucia: Climate Change Policy Assessment

St. Lucia has been a leader among vulnerable Caribbean states in prioritizing a response to climate change, both nationally and in international fora. Its Nationally Determined Contribution (NDC) outlines a balanced mitigation strategy backed by costed investment plans, and a qualitative adaptation strategy with identified priority sectors. This paper takes stock of St. Lucia’s plans to manage climate change, from the perspective of their macroeconomic implications.

Category:  Fiscal Instruments for Climate Policy, Macroeconomics of Climate Change, Climate Change Fiscal Risk Assessments and Management, Public Financial Management

Ecofys, WBG   |  
States and Trends of Carbon Pricing 2018

The State and Trends of Carbon Pricing series reflects on the growing momentum for carbon pricing worldwide. It targets the wide audience of public and private stakeholders engaged in carbon pricing design and implementation. This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, including national and subnational initiatives.

Category:  Fiscal Instruments for Climate Policy

Others   |  
Coping With Collapse: A Stock-Flow Consistent Monetary Macrodynamics of Global Warming

This paper presents a macroeconomic model that combines the economic impact of climate change with the pivotal role of private debt. Using a Stock-Flow Consistent approach based on the Lotka–Volterra logic, we couple its nonlinear monetary dynamics of underemployment and income distribution with abatement costs. A calibration of our model at the scale of the world economy enables us to simulate various planetary scenarios. 

Category:  Macroeconomics of Climate Change
Others   |  
Towards Agent-Based Integrated Assessment Models: Examples, Challenges, and Future Developments. 

Understanding the complex, dynamic, and non-linear relationships between human activities, the environment and the evolution of the climate is pivotal for policy design and requires appropriate tools. Despite the existence of different attempts to link the economy (or parts of it) to the evolution of the climate, results have often been disappointing and criticized. In this paper, we discuss the use of agent-based modeling for climate policy integrated assessment. 

Category:  Macroeconomics of Climate Change
IFC   |  
Sustainable Banking Network Global Progress Report.

The report presents a systematic view of progress toward sustainable finance among the emerging economies represented by SBN. It is based on a unique measurement framework to assess sustainable finance initiatives across emerging markets. The Global Progress Report was informed by country progress reports that were prepared for 15 SBN members implementing sustainable finance policy initiatives.

Category:  Climate Finance