{
  "title": "The International Diffusion of Policies for Climate Change Mitigation",
  "publication": "IMF Working Papers, June 3, 2022",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2022/06/03/the-international-diffusion-of-policies-for-climate-change-mitigation-518899",
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  "summary": "In this paper, we study the international diffusion of carbon pricing policies. In the first part, we empirically examine to what extent the adoption of carbon pricing in a given country can explain the subsequent adoption of the same policy in other countries.",
  "sections": [
    {
      "heading": "Authors and Publication",
      "content": "- Manuel Linsenmeier, Adil Mohommad, Gregor Schwerhoff\n- June 3, 2022\n- IMF Working Papers, Working Paper No. 2022/115, Issue: 115, Volume: 2022\n- Pages: 38\n- DOI: https://doi.org/10.5089/9798400213090.001\n- Stock No: WPIEA2022115\n- ISBN: 9798400213090\n- ISSN: 1018-5941"
    },
    {
      "heading": "Research Objective",
      "content": "- Examine the international diffusion of carbon pricing policies.\n- Quantify the global benefits of policy diffusion in terms of greenhouse gas emission reductions outside the adopting country."
    },
    {
      "heading": "Data and Methods",
      "content": "- Combine a large international dataset on carbon pricing with several other datasets.\n- For causal identification, estimate semi-parametric Cox proportional hazard models."
    },
    {
      "heading": "Key Findings",
      "content": "- 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.\n- Policy diffusion leads to quantifiable global benefits in terms of greenhouse gas emission reductions elsewhere."
    },
    {
      "heading": "Thematic Subjects and Keywords",
      "content": "- Subject: Carbon tax, Climate policy, Environment, Greenhouse gas emissions, Taxes\n- 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"
    },
    {
      "heading": "Practical Implications and Policy Relevance",
      "content": "- International diffusion of carbon pricing policies amplifies global mitigation outcomes through spillovers in policy adoption.\n- Empirical evidence of diffusion supports policy coordination and information-sharing efforts to accelerate adoption of carbon pricing worldwide.\n\nIMF Working Paper No. 2022/115 — The International Diffusion of Policies for Climate Change Mitigation\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2022/06/03/the-international-diffusion-of-policies-for-climate-change-mitigation-518899"
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    "Authors: Manuel Linsenmeier, Adil Mohommad, Gregor Schwerhoff",
    "Published: June 3, 2022",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9798400213090.001",
    "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",
    "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.",
    "Combine a large international dataset on carbon pricing with several other datasets.",
    "For causal identification, estimate semi-parametric Cox proportional hazard models.",
    "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.",
    "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",
    "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.",
    "**Working Paper**"
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