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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: Climate-Informed Fiscal Planning, Climate-Resilient Financial Sector, Align Policies with Paris Agreement, NDC Support and Implementation |
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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: Promote Carbon Pricing Measures, Climate-Informed Fiscal Planning |
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UNEP, OECD |Green Growth Knowledge PartnershipThe 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: Promote Carbon Pricing Measures, Climate-Informed Fiscal Planning, Climate-Resilient Financial Sector, Align Policies with Paris Agreement, Share Experiences and Expertise, NDC Support and Implementation |
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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: Promote Carbon Pricing Measures, Climate-Informed Fiscal Planning |
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WBG |St. Lucia: Climate Change Policy AssessmentSt. 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: Climate-Informed Fiscal Planning, Climate-Resilient Financial Sector, Align Policies with Paris Agreement, NDC Support and Implementation |
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Ecofys, WBG |States and Trends of Carbon Pricing 2018The 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: Promote Carbon Pricing Measures |
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Others |Coping With Collapse: A Stock-Flow Consistent Monetary Macrodynamics of Global WarmingThis 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: Climate-Resilient Financial Sector, Align Policies with Paris Agreement, NDC Support and Implementation |
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PMR |Partnership for Market ReadinessPublished in November 2017, the PMR technical note, Establishing Scaled-up Crediting Program Baselines under the Paris Agreement: Issues and Options, offers guidance and identifies options for developing baselines for scaled-up crediting programs under the Paris Agreement Category: Promote Carbon Pricing Measures, Share Experiences and Expertise |
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GIZ, IMF, UNEP |Green Fiscal Policy NetworkThe Green Fiscal Policy Network is a joint partnership between UN Environment (UNEP), the International Monetary Fund (IMF) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) launched in 2011. The Network aims to facilitate knowledge sharing and dialogue on green fiscal policy reforms. Category: Climate-Informed Fiscal Planning, Climate-Resilient Financial Sector, Align Policies with Paris Agreement, Share Experiences and Expertise, NDC Support and Implementation |
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IMF |Energy Subsidy ReformIn the first part of the course, economists from the IMF will introduce the definition and measurement of subsidies, and then describe the economic, social, and environmental implications of subsidies. The second part of the course has two principal purposes: first, to review what works best in energy subsidy reform, in light of country experiences globally; and second, to illustrate successes and failures in particular country contexts by summarizing some case studies. Category: Promote Carbon Pricing Measures, Climate-Informed Fiscal Planning |
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