Mitigating Climate Change: Growth-Friendly Policies to Achieve Net Zero Emissions by 2050
IMF Working Papers, July 23, 2021
Source details
- Canonical URL
- Mitigating Climate Change: Growth-Friendly Policies to Achieve Net Zero Emissions by 2050
Other formats
Bibliographic details
- Authors: Florence Jaumotte, Weifeng Liu, Warwick J. McKibbin
- Published: July 23, 2021
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781513592978.001
Summary
- Background paper prepared for the October 2020 IMF World Economic Outlook.
- Provides a detailed presentation of the simulation results from the October 2020 IMF World Economic Outlook chapter 3 and an additional scenario with carbon pricing only for comparison with the comprehensive policy package where green investments were also included.
- Acknowledgements: continuous discussions with Oya Celasun and Benjamin Carton on the design of simulations; contributions from Philip Barrett for part of the simulations; research support from Jaden Kim; helpful comments from other IMF staff. McKibbin and Liu acknowledge financial support from the Australian Research Council Centre of Excellence in Population Ageing Research (CE170100005).
- Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Key findings and scenarios
- Presents simulation results underlying IMF World Economic Outlook chapter 3 (October 2020).
- Includes an additional scenario with carbon pricing only for comparison with a comprehensive policy package that includes green investments.
- Focus areas in analysis: baseline CO2 emission, Carbon tax, Climate finance, climate mitigation strategy, policy package, scenario design.
Policy implications and themes
- Emphasizes growth-friendly policies aimed at achieving net zero emissions by 2050.
- Policy instrument focus: Carbon tax and climate finance integrated with green investments versus carbon pricing only.
- Geographic scope indicated in keywords: Europe, Global.
Subjects and keywords
- Subject: Carbon tax, Climate finance, Environment, Greenhouse gas emissions, Non-renewable resources, Taxes
- Keywords: B. Policy tool, baseline CO2 emission, Carbon tax, Climate finance, climate mitigation strategy, Europe, Global, Greenhouse gas emissions, Non-renewable resources, policy package, scenario design
IMF Working Paper No. 2021/195
Content in this bundle
- Working Paper