WBG |Economic Resilience Definition and Measurement (2014)The (economic) welfare disaster risk in a country can be reduced by reducing the exposure or vulnerability of people and assets (reducing asset losses), increasing macroeconomic resilience (reducing aggregate consumption losses for a given level of asset losses), or increasing microeconomic resilience (reducing welfare losses for a given level of aggregate consumption losses). The paper proposes rules of thumb to estimate macroeconomic and microeconomic resilience based on the relevant parameters in the economy. Category: Climate-Informed Fiscal Planning, Climate-Resilient Financial Sector, Align Policies with Paris Agreement, NDC Support and Implementation |
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WBG |Climate Change and Poverty: An Analytical Framework (2014)The paper proposes four channels that determine household consumption and through which households may escape or fall into poverty (prices, assets, productivity, and opportunities). It then discusses whether and how these channels are affected by climate change and climate policies, focusing on the exposure, vulnerability, and ability to adapt of the poor (and those vulnerable to poverty). It reviews the existing literature and offers three major conclusions. Category: Climate-Informed Fiscal Planning |
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WBG |Economic Resilience Definition and MeasurementThe (economic) welfare disaster risk in a country can be reduced by reducing the exposure or vulnerability of people and assets (reducing asset losses), increasing macroeconomic resilience (reducing aggregate consumption losses for a given level of asset losses), or increasing microeconomic resilience (reducing welfare losses for a given level of aggregate consumption losses). The paper proposes rules of thumb to estimate macroeconomic and microeconomic resilience based on the relevant parameters in the economy. Category: Climate-Informed Fiscal Planning, Climate-Resilient Financial Sector, NDC Support and Implementation |
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WBG |Getting a Grip on Climate Change in the Philippines: Excutive ReportTo assess gaps and accelerate implementation of the climate reform agenda, in 2012 the Department of Budget and Management and the Climate Change Commission sought advisory services from the World Bank to carry out a Climate Public Expenditure and Institutional Review (CPEIR). Category: Climate-Informed Fiscal Planning |
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Vivid Economics |The Macroeconomics of Climate Change.Vivid Economics was commissioned by Defra to review techniques for modelling the macroeconomic impacts of climate change and the role of adaptation in the macro-economy. A theoretical framework is developed to enable policy-makers to succinctly yet robustly understand and evaluate macroeconomic models of climate change and adaptation. The literature is reviewed, including cutting-edge work on General Equilibrium modelling, the interaction of climate change and economic growth and the economics of extreme weather events. Category: Climate-Informed Fiscal Planning, Align Policies with Paris Agreement, NDC Support and Implementation |
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IMF |Energy Subsidy Reform: Lessons and ImplicationsEnergy subsidies have wide-ranging economic consequences. While aimed at protecting consumers, subsidies aggravate fiscal imbalances, crowd-out priority public spending, and depress private investment, including in the energy sector. Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive industries, reducing incentives for investment in renewable energy, and accelerating the depletion of natural resources. Category: Promote Carbon Pricing Measures, Climate-Informed Fiscal Planning |
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G20, OECD |Disaster Risk Assessment and Risk Financing: A G20/OECD Methodological Framework.This methodological framework for disaster risk assessment and risk financing is intended to help finance ministries and other governmental authorities in developing more effective disaster risk management strategies and, in particular, financial strategies, building on strengthened risk assessment and risk financing. Category: Climate-Informed Fiscal Planning, Climate-Resilient Financial Sector |
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WBG |‘Green’ Growth, ‘Green’ Jobs and Labor MarketsThe term ‘green jobs’ can refer to employment in a narrowly defined set of industries providing environmental services. But it is more useful for the policy-maker to focus on the broader issue of the employment consequences of policies to correct environmental externalities such as anthropogenic climate change. Most of the literature focuses on direct employment created, with more cursory treatment of indirect and induced job creation, especially that arising from macroeconomic effects of policies. Category: Climate-Informed Fiscal Planning, Align Policies with Paris Agreement, NDC Support and Implementation |
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IEA |Good Practice Policy Framework for Energy Technology Research, Development and Demonstration (RD&D).Accelerating Energy Innovation (AEI) is a new project being launched by the International Energy Agency (IEA). Category: Climate-Informed Fiscal Planning, Align Policies with Paris Agreement |
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Others |A Preliminary Review of the American Recovery and Reinvestment Act’s Clean Energy PackageThe American Recovery and Reinvestment Act included more than $90 billion in strategic clean energy investments intended to promote job creation and promote deployment of low-carbon technologies. In terms of spending, the clean energy package has been described as the nation’s “biggest energy bill in history.” To provide a preliminary assessment of the Recovery Act’s clean energy package, this paper reviews the rationale, design, and implementation of the act. Category: Promote Carbon Pricing Measures, Climate-Informed Fiscal Planning, Align Policies with Paris Agreement, NDC Support and Implementation |
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