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Funding Inclusive Green Transition through Greenhouse Gas Pricing

Journal article
Authors Thomas Sterner
Richard T. Carson
Marc Hafstead
Peter Howard
Sverker C. Jagers
Gunnar Köhlin
Ian Parry
Ryan Rafaty
E. Somanatan
Jan Christoph Steckel
Dale Whittington
Francisco Alpizar
Stefan Ambec
Claudia Aravena
Jorge Bonilla
Reza Che Daniels
Jorge Garcia
Niklas Harring
Kanishka Kacker
Suzi Kerr
Haileselassie Medhin
German Romero
Pham Khanh Nam
Olof Johansson-Stenman
Mike Toman
Jintao Xu
Min Wang
Published in ifo DICE Report
Volume 18
Issue 1
Pages 03-08
ISSN 2511-7815
Publication year 2020
Published at Department of Political Science
Department of Economics
Pages 03-08
Language en
Links https://www.ifo.de/en/publikationen...
Keywords climate policy, carbon pricing, developing countries
Subject categories Economics

Abstract

2015 was a special year. During a few months the political stars aligned and made it possible for the international community to agree on the Agenda 2030 for Sustainable Development and the Paris Agreement to limit global warming. Now the signatories need to find ways to implement these agreements, which not only imply a deep decarbonization of the economy but must also meet the Sustainable Development Goals. In this article we discuss the importance of pricing greenhouse gas (GHG) emissions2 to make this happen. Climate abatement is a truly global public good and so we actually have to have a functioning policy in all countries. Our interest is thus on pricing in all countries but in particular the developing countries that are bigger and most crucial to the struggle for a green transition.

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Utskriftsdatum: 2020-08-11