{
  "title": "Fiscal Monitor, October 2019: How to Mitigate Climate Change",
  "publication": "Fiscal Monitor, October 10, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/fm/issues/2019/10/16/fiscal-monitor-october-2019-how-to-mitigate-climate-change-47027",
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  "summary": "This report emphasizes the environmental, fiscal, economic, and administrative case for using carbon taxes, or similar pricing schemes such as emission trading systems, to implement climate mitigation strategies.",
  "publishDate": "2019-10-10",
  "series": "Fiscal Monitor",
  "sections": [
    {
      "heading": "Case for Carbon Pricing",
      "content": "- Emphasizes the environmental, fiscal, economic, and administrative case for using carbon taxes, or similar pricing schemes such as emission trading systems, to implement climate mitigation strategies.\n- Argues carbon pricing is central to mitigation policy given its ability to internalize greenhouse gas emissions costs."
    },
    {
      "heading": "Quantitative Framework and Application",
      "content": "- Provides a quantitative framework for understanding the effects and trade-offs of carbon pricing with other instruments.\n- Applies this framework to the largest advanced and emerging economies."
    },
    {
      "heading": "Alternative and Complementary Instruments",
      "content": "- Identifies “feebates” as an alternative approach: impose fees on high polluters and give rebates to cleaner energy users.\n- Notes feebates can play an important role when higher energy prices are difficult politically.\n- Discusses supporting measures to promote clean technology investments."
    },
    {
      "heading": "International Arrangements",
      "content": "- Calls for a carbon price floor arrangement among large emitters.\n- Recommends the arrangement be designed flexibly to accommodate equity considerations and constraints on national policies."
    },
    {
      "heading": "Distributional Effects and Revenue Redistribution",
      "content": "- Estimates the consequences of carbon pricing and redistribution of its revenues for inequality across households.\n- Highlights redistribution of carbon-pricing revenues as a policy lever to address inequality impacts."
    },
    {
      "heading": "Political Economy and Implementation",
      "content": "- Discusses strategies for enhancing the political acceptability of carbon pricing.\n- Covers administrative and fiscal considerations relevant for implementing carbon taxes or emission trading systems.\n\nSource: Fiscal Monitor, October 2019: How to Mitigate Climate Change.\n\n---\n\n Content in this bundle\n\n- Full Report\n  - Full Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Full Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/fm/issues/2019/10/16/fiscal-monitor-october-2019-how-to-mitigate-climate-change-47027"
    }
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    "Published: October 10, 2019",
    "Series: Fiscal Monitor",
    "DOI: https://doi.org/10.5089/9781498321228.089",
    "Emphasizes the environmental, fiscal, economic, and administrative case for using carbon taxes, or similar pricing schemes such as emission trading systems, to implement climate mitigation strategies.",
    "Argues carbon pricing is central to mitigation policy given its ability to internalize greenhouse gas emissions costs.",
    "Provides a quantitative framework for understanding the effects and trade-offs of carbon pricing with other instruments.",
    "Applies this framework to the largest advanced and emerging economies.",
    "Identifies “feebates” as an alternative approach: impose fees on high polluters and give rebates to cleaner energy users.",
    "Notes feebates can play an important role when higher energy prices are difficult politically.",
    "Discusses supporting measures to promote clean technology investments.",
    "Calls for a carbon price floor arrangement among large emitters.",
    "Recommends the arrangement be designed flexibly to accommodate equity considerations and constraints on national policies.",
    "Estimates the consequences of carbon pricing and redistribution of its revenues for inequality across households.",
    "Highlights redistribution of carbon-pricing revenues as a policy lever to address inequality impacts.",
    "Discusses strategies for enhancing the political acceptability of carbon pricing.",
    "Covers administrative and fiscal considerations relevant for implementing carbon taxes or emission trading systems.",
    "**Full Report**"
  ],
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