Implementing The United States Domestic And International Climate Mitigation Goals A Supportive Fiscal Policy Approach PDF Download
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Author | : Ian Parry |
Publisher | : International Monetary Fund |
Total Pages | : 39 |
Release | : 2021-03-03 |
Genre | : Business & Economics |
ISBN | : 1513571001 |
Download Implementing the United States’ Domestic and International Climate Mitigation Goals: A Supportive Fiscal Policy Approach Book in PDF, ePub and Kindle
The United States has pledged to become carbon neutral by 2050, meet sectoral objectives (e.g., for carbon free power, electric vehicles) and encourage greater mitigation among large emitting countries and of international transportation emissions. Fiscal policies at the national, sectoral, and international level could play a critical role in implementing these objectives, along with investment, regulatory, and technology policies. Fiscal instruments are cost-effective, can enhance political acceptability, and do not worsen, or could help alleviate, budgetary pressures. Domestically, a fiscal policy package could contain a mix of economy-wide carbon pricing and revenue-neutral feebates (i.e., tax-subsidy schemes) with the latter reinforcing mitigation in the transport, power, industrial, building, forestry, and agricultural sectors. Internationally, a carbon price floor among large emitters (with flexibility to implement equivalent measures) could effectively scale up global mitigation, while levies/feebates offer a practical approach for reducing maritime and aviation emissions.
Author | : Signe Krogstrup |
Publisher | : International Monetary Fund |
Total Pages | : 58 |
Release | : 2019-09-04 |
Genre | : Business & Economics |
ISBN | : 1513511955 |
Download Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature Book in PDF, ePub and Kindle
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. Some tools and policies raise unanswered questions about policy tool assignment and mandates, which we describe. The literature is scarce, however, on the most effective policy mix and the role of mitigation tools and goals in the overall policy framework.
Author | : Ruud A. de Mooij |
Publisher | : International Monetary Fund |
Total Pages | : 218 |
Release | : 2012-06-15 |
Genre | : Business & Economics |
ISBN | : 1475508387 |
Download Fiscal Policy to Mitigate Climate Change Book in PDF, ePub and Kindle
Efforts to control atmospheric accumulations of greenhouse gases that threaten to heat up the planet are in their infancy. Although the IMF is not an environmental organization, environmental issues matter for its mission when they have major implications for macroeconomic performance and fiscal policy. Climate change clearly passes both these tests.
Author | : Miria A. Pigato |
Publisher | : World Bank Publications |
Total Pages | : 240 |
Release | : 2018-12-31 |
Genre | : Business & Economics |
ISBN | : 9781464813580 |
Download Fiscal Policies for Development and Climate Action Book in PDF, ePub and Kindle
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. Fiscal Affairs Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 96 |
Release | : 2019-10-10 |
Genre | : Business & Economics |
ISBN | : 1513515322 |
Download Fiscal Monitor, October 2019 Book in PDF, ePub and Kindle
This report emphasizes the environmental, fiscal, economic, and administrative case for using carbon taxes, or similar pricing schemes such as emission trading systems, to implement climate mitigation strategies. It provides a quantitative framework for understanding their effects and trade-offs with other instruments and applies it to the largest advanced and emerging economies. Alternative approaches, like “feebates” to impose fees on high polluters and give rebates to cleaner energy users, can play an important role when higher energy prices are difficult politically. At the international level, the report calls for a carbon price floor arrangement among large emitters, designed flexibly to accommodate equity considerations and constraints on national policies. The report estimates the consequences of carbon pricing and redistribution of its revenues for inequality across households. Strategies for enhancing the political acceptability of carbon pricing are discussed, along with supporting measures to promote clean technology investments.
Author | : Anthony Bonen |
Publisher | : International Monetary Fund |
Total Pages | : 46 |
Release | : 2016-08-05 |
Genre | : Business & Economics |
ISBN | : 1475523696 |
Download Investing to Mitigate and Adapt to Climate Change Book in PDF, ePub and Kindle
We propose a macroeconomic model to assess optimal public policy decisions in the the face of competing funding demands for climate change action versus traditional welfare-enhancing capital investment. How to properly delineate the costs and benefits of traditional versus adaption-focused development remains an open question. The paper places particular emphasis on the changing level of risk and vulnerabilities faced by developing countries as they allocate investment toward growth strategies, adapting to climate change and emissions mitigation.
Author | : Mr. Fabien Gonguet |
Publisher | : International Monetary Fund |
Total Pages | : 21 |
Release | : 2021-08-11 |
Genre | : Business & Economics |
ISBN | : 1513583042 |
Download Climate-Sensitive Management of Public Finances—"Green PFM” Book in PDF, ePub and Kindle
Public financial management (PFM) consists of all the government’s institutional arrangements in place to facilitate the implementation of fiscal policies. In response to the growing urgency to fight climate change, “green PFM” aims at adapting existing PFM practices to support climate-sensitive policies. With the cross-cutting nature of climate change and wider environmental concerns, green PFM can be a key enabler of an integrated government strategy to combat climate change. This note outlines a framework for green PFM, emphasizing the need for an approach combining various entry points within, across, and beyond the budget cycle. This includes components such as fiscal transparency and external oversight, and coordination with state-owned enterprises and subnational governments. The note also identifies principles for effective implementation of a green PFM strategy, among which the need for a strong stewardship located within the ministry of finance is paramount.
Author | : International Monetary Fund. Fiscal Affairs Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 109 |
Release | : 2019-05-02 |
Genre | : Business & Economics |
ISBN | : 1498310796 |
Download Fiscal Policies for Paris Climate Strategies—from Principle to Practice Book in PDF, ePub and Kindle
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.
Author | : Food and Agriculture Organization of the United Nations |
Publisher | : Food & Agriculture Org. |
Total Pages | : 139 |
Release | : 2013 |
Genre | : Technology & Engineering |
ISBN | : 925107920X |
Download Tackling Climate Change Through Livestock Book in PDF, ePub and Kindle
Greenhouse gas emissions by the livestock sector could be cut by as much as 30 percent through the wider use of existing best practices and technologies. FAO conducted a detailed analysis of GHG emissions at multiple stages of various livestock supply chains, including the production and transport of animal feed, on-farm energy use, emissions from animal digestion and manure decay, as well as the post-slaughter transport, refrigeration and packaging of animal products. This report represents the most comprehensive estimate made to-date of livestocks contribution to global warming as well as the sectors potential to help tackle the problem. This publication is aimed at professionals in food and agriculture as well as policy makers.
Author | : Groupe d'experts intergouvernemental sur l'évolution du climat |
Publisher | : |
Total Pages | : 151 |
Release | : 2015 |
Genre | : |
ISBN | : 9789291691432 |
Download Climate Change 2014 Book in PDF, ePub and Kindle