The International Diffusion of Policies for Climate Change Mitigation

By Manuel Linsenmeier, Adil Mohommad, Gregor Schwerhoff

June 3, 2022

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Manuel Linsenmeier, Adil Mohommad, and Gregor Schwerhoff. The International Diffusion of Policies for Climate Change Mitigation, (USA: International Monetary Fund, 2022) accessed September 20, 2024

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.

Summary

In this paper, we study the international diffusion of carbon pricing policies. In the first part, we empirically examine to what extent the adoption of carbon pricing in a given country can explain the subsequent adoption of the same policy in other countries. In the second part, we quantify the global benefits of policy diffusion in terms of greenhouse gas emission reductions elsewhere. To do so, we combine a large international dataset on carbon pricing with several other datasets. For causal identification, we estimate semi-parametric Cox proportional hazard models. We find robust and statistically significant evidence for policy diffusion.

Subject: Carbon tax, Climate policy, Environment, Greenhouse gas emissions, Taxes

Keywords: Carbon tax, Climate change mitigation policy, Climate policy, Global, Greenhouse gas emissions, North America, Policy adoption, Policy diffusion, Pricing policy, Small country, South America

Publication Details

Pages:

38
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2022/115
Stock No:

WPIEA2022115
ISBN:

9798400213090
ISSN:

1018-5941

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