Search Results

You are looking at 1 - 10 of 113 items for :

  • "carbon pricing scheme" x
Clear All
Jean Chateau, Ms. Wenjie Chen, Ms. Florence Jaumotte, and Karlygash Zhunussova

3: Brief Description of the IMF-ENV CGE Model 4. Distributional Analysis Outcomes by Scenario 5. Other Sectoral Policies FIGURES 1. Global Energy-Related CO2 Emissions Pathways 2. Historical GHG Emissions 3. Carbon Intensity of GDP, Selected Countries 4. GHG Emissions by Sector and Fuel Type, 2018 5. China’s Newly Added and Retired Coal-Fired Capacity by Year, GWh 6. Illustrative Efficiency Frontier 7. ETS Trading Prices and Volumes 8. Selected (National and EU Level) Carbon Pricing Schemes in 2021 9. Aggregate Demand and Current Account

Luc Eyraud, Ms. Changchang Zhang, Mr. Abdoul A Wane, and Mr. Benedict J. Clements
This paper fills a gap in the macroeconomic literature on renewable sources of energy. It offers a definition of green investment and analyzes the trends and determinants of this investment over the last decade for 35 advanced and emerging countries. We use a new multi-country historical dataset and find that green investment has become a key driver of the energy sector and that its rapid growth is now mostly driven by China. Our econometric results suggest that green investment is boosted by economic growth, a sound financial system conducive to low interest rates, and high fuel prices. We also find that some policy interventions, such as the introduction of carbon pricing schemes, or "feed-in-tariffs," which require use of "green" energy, have a positive and significant impact on green investment. Other interventions, such as biofuel support, do not appear to be associated with higher green investment.
Luc Eyraud, Ms. Changchang Zhang, Mr. Abdoul A Wane, and Mr. Benedict J. Clements

mandates, 25 and carbon pricing schemes 26 (described in Section III.B ). As these policies are more likely to be conducted by governments sensitive to environmental issues, we also search for a potential relationship between GI and green parties. Geophysical conditions . GI should also depend on the availability of natural resources, such as the number of hours of sunshine in a year, or the water and wind supply available. The impact of these variables cannot be assessed in the next section owing to data and econometric constraints (most of these variables being

Ian W.H. Parry and Mr. Philippe Wingender
Finland has pledged to cut net greenhouse gas emissions to zero by 2035 and has sectoral targets for deploying electric vehicles, phasing out coal generation, and oil-based space heating. Fiscal policies at the national and sectoral level could play a critical role in achieving these objectives. Carbon dioxide emissions are already priced significantly in Finland but prices vary substantially across fuels and sectors. The paper discusses a reform to both scale up, and progressively harmonize, pricing while using revenues to address equity issues. It also discusses the potential use of revenue-neutral feebate schemes to strengthen mitigation incentives for the transportation, industry, building, forestry, and agricultural sectors.
Jean Chateau, Ms. Wenjie Chen, Ms. Florence Jaumotte, and Karlygash Zhunussova
This paper presents ways for China to achieve its climate goals while also attain high-quality growth—growth that is balanced, inclusive, and green. Using a dynamic computable general equilibrium model that is calibrated to China, multiple scenarios are considered that incorporate a sequence of layered policies: (i) frontloading mitigation with an earlier emissions peak, (ii) power market reforms, and (iii) economic rebalancing. The results highlight that these policies can significantly contribute to the success of the climate strategy overall, including by lowering the shadow price of carbon as well as the associated mitigation costs. Distribution analysis offers proposals to lessen the impact on vulnerable households.