## Are Climate Change Policies Politically Costly?

_IMF Working Papers, June 4, 2021_

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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

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### 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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_Source: https://www.imf.org/en/publications/wp/issues/2021/06/04/are-climate-change-policies-politically-costly-460565_