Are Climate Change Policies Politically Costly?
IMF Working Papers, June 4, 2021
Source details
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- Are Climate Change Policies Politically Costly?
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Bibliographic details
- Authors: Davide Furceri, Michael Ganslmeier, Jonathan David Ostry
- Published: June 4, 2021
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781513578361.001
Key findings
- Using data on governmental popular support and the OECD’s Environmental Stringency Index, CCPs are not necessarily politically costly: policy design matters.
- Only market-based CCPs (such as emission taxes) generate negative effects on popular support.
- The negative effects of CCPs on popular support are muted in countries where non-green (dirty) energy is a relatively small input into production.
- Political costs are not significant when CCPs are implemented during periods of low oil prices, generous social insurance and low inequality.
Research scope and data
- Data sources: governmental popular support and the OECD’s Environmental Stringency Index.
- Publication type: IMF Working Papers.
- Authors: Davide Furceri, Michael Ganslmeier, Jonathan David Ostry.
- Publication date: June 4, 2021.
- Pages: 52.
- Volume: 2021.
- Issue: 156.
- Series: Working Paper No. 2021/156.
- DOI: https://doi.org/10.5089/9781513578361.001.
- Stock No: WPIEA2021156.
- ISBN: 9781513578361.
- ISSN: 1018-5941.
Subjects and keywords
- Subject: Climate change, Climate policy, Environment, Environmental policy, Fuel prices, Natural disasters, Prices.
- Keywords: baseline model, Climate change, Climate policy, Environmental policy, EPS change, Fuel prices, Global, Natural disasters, policy design, Policy implication, popular support.
IMF Working Paper by Davide Furceri, Michael Ganslmeier, and Jonathan David Ostry (June 4, 2021).
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- Working Paper