Macro-Fiscal Implications of Climate Change: The Case of Djibouti

IMF Working Papers, November 1, 2018

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Macro-Fiscal Implications of Climate Change: The Case of Djibouti

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Bibliographic details

• Authors: Alexei P Kireyev
• Published: November 1, 2018
• Series: IMF Working Papers
• DOI: https://doi.org/10.5089/9781484380819.001

Overview

• Author: Alexei P Kireyev
• Date: November 1, 2018
• Purpose: Reviews significant macro-fiscal challenges posed by climate change in Djibouti and the costs of mitigation and adaptation policies.
• Core conclusion: Djibouti is susceptible to climate change and related costs are potentially large; investing now in adaptation and mitigation has large benefits by reducing future costs.

Key findings

• Djibouti is susceptible to climate change and related costs are potentially large.
• Investing now in adaptation and mitigation has large benefits in terms of reducing related costs in the future.
• Reforms to generate fiscal space are needed to finance these investments.
• Investment for mitigation and adaptation to climate change should be built into long-term fiscal projections.
• Concerted international efforts and stepping up regional cooperation could help moderate climate-related macro-fiscal risks.

Policy recommendations and implications

• Generate fiscal space through reforms to finance climate mitigation and adaptation.
• Integrate investment for mitigation and adaptation into long-term fiscal projections.
• Pursue concerted international efforts and strengthen regional cooperation to moderate macro-fiscal risks from climate change.

Subjects and keywords

• Subjects: Climate change, Climate finance, Environment, Fiscal policy, Fiscal space, Natural disasters, Population and demographics, Renewable energy
• Keywords: Africa, climate adaptation investment, climate change, climate change challenge, climate change mitigation, Climate finance, climate warming, cost, Djibouti, Fiscal space, GDP, Global, government, inclusive growth, mitigation effort, Natural disasters, production capacity, Renewable energy, visions Djibouti, World Bank climate change knowledge portal, WP

Content in this bundle

• Macro-Fiscal Implications of Climate Change: The Case of Djibouti, WP/18/233, November 2018
  • Macro-Fiscal Implications of Climate Change: The Case of Djibouti, WP/18/233, November 2018 (Markdown version)
  • Macro-Fiscal Implications of Climate Change: The Case of Djibouti, WP/18/233, November 2018 (PDF)