The International Diffusion of Policies for Climate Change Mitigation
IMF Working Papers, June 3, 2022
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Bibliographic details
- Authors: Manuel Linsenmeier, Adil Mohommad, Gregor Schwerhoff
- Published: June 3, 2022
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9798400213090.001
Authors and Publication
- Manuel Linsenmeier, Adil Mohommad, Gregor Schwerhoff
- June 3, 2022
- IMF Working Papers, Working Paper No. 2022/115, Issue: 115, Volume: 2022
- Pages: 38
- DOI: https://doi.org/10.5089/9798400213090.001
- Stock No: WPIEA2022115
- ISBN: 9798400213090
- ISSN: 1018-5941
Research Objective
- Examine the international diffusion of carbon pricing policies.
- Quantify the global benefits of policy diffusion in terms of greenhouse gas emission reductions outside the adopting country.
Data and Methods
- Combine a large international dataset on carbon pricing with several other datasets.
- For causal identification, estimate semi-parametric Cox proportional hazard models.
Key Findings
- There is robust and statistically significant evidence for policy diffusion: adoption of carbon pricing in one country helps explain subsequent adoption of the same policy in other countries.
- Policy diffusion leads to quantifiable global benefits in terms of greenhouse gas emission reductions elsewhere.
Thematic Subjects and Keywords
- 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
Practical Implications and Policy Relevance
- International diffusion of carbon pricing policies amplifies global mitigation outcomes through spillovers in policy adoption.
- Empirical evidence of diffusion supports policy coordination and information-sharing efforts to accelerate adoption of carbon pricing worldwide.
IMF Working Paper No. 2022/115 — The International Diffusion of Policies for Climate Change Mitigation
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