{
  "title": "The IMF-World Bank Climate Policy Assessment Tool (CPAT): A Model to Help Countries Mitigate Climate Change",
  "publication": "IMF Working Papers, June 23, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2023/06/22/the-imf-world-bank-climate-policy-assessment-tool-cpat-a-model-to-help-countries-mitigate-535096",
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  "summary": "To stabilize the climate, global greenhouse gas emissions must be cut by 25 to 50 percent by 2030 compared to 2019. Such an unprecedented rate of decarbonization necessitates climate mitigation policies across countries, notably carbon pricing, fossil fuel subsidy reform, renewable subsidies, feebat",
  "sections": [
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      "heading": "Summary",
      "content": "- To stabilize the climate, global greenhouse gas emissions must be cut by 25 to 50 percent by 2030 compared to 2019.\n- The unprecedented rate of decarbonization requires climate mitigation policies across countries, notably: carbon pricing, fossil fuel subsidy reform, renewable subsidies, feebates, emission rate regulations, and public investments.\n- The IMF and World Bank are making their joint Climate Policy Assessment Tool (CPAT) available to governments as a transparent, flexible, and user-friendly model covering over 200 countries.\n- This paper describes the CPAT model, its data sources, key assumptions, and caveats."
    },
    {
      "heading": "CPAT model features",
      "content": "- Coverage: over 200 countries.\n- Design priorities: transparency, flexibility, user-friendliness, and rapid quantification of policy impacts.\n- Policy instruments modeled explicitly: carbon pricing, fossil fuel subsidy reform, renewable subsidies, feebates, emission rate regulations, and public investments."
    },
    {
      "heading": "Metrics and impacts CPAT quantifies",
      "content": "- Energy demand\n- Energy prices\n- Emissions\n- Revenues\n- Welfare\n- GDP\n- Household impacts\n- Industry impacts\n- Local air pollution and health\n- Many other metrics relevant to economic, environmental, fiscal, and social impacts"
    },
    {
      "heading": "Applications and policy relevance",
      "content": "- Supports design and implementation of effective, efficient, and equitable climate mitigation policies.\n- Enables governments to assess trade-offs across economic, environmental, fiscal, and social objectives.\n- Facilitates rapid scenario analysis for different instrument mixes and country contexts."
    },
    {
      "heading": "Data sources, key assumptions, and caveats",
      "content": "- The paper describes CPAT’s data sources.\n- The paper describes CPAT’s key assumptions.\n- The paper describes caveats associated with model use and interpretation."
    },
    {
      "heading": "Key statistics and publication identifiers",
      "content": "- Pages: 74\n- Issue: 128\n- Series: Working Paper No. 2023/128\n- DOI: https://doi.org/10.5089/9798400242342.001\n- ISBN: 9798400242342\n- ISSN: 1018-5941\n- Publication date on landing page: June 23, 2023\n\nIMF Working Papers — “The IMF-World Bank Climate Policy Assessment Tool (CPAT): A Model to Help Countries Mitigate Climate Change”\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/2023/06/22/the-imf-world-bank-climate-policy-assessment-tool-cpat-a-model-to-help-countries-mitigate-535096"
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    "Authors: Simon Black, Ian W.H. Parry, Victor Mylonas, Karlygash Zhunussova",
    "Published: June 23, 2023",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9798400242342.001",
    "To stabilize the climate, global greenhouse gas emissions must be cut by 25 to 50 percent by 2030 compared to 2019.",
    "The unprecedented rate of decarbonization requires climate mitigation policies across countries, notably: carbon pricing, fossil fuel subsidy reform, renewable subsidies, feebates, emission rate regulations, and public investments.",
    "The IMF and World Bank are making their joint Climate Policy Assessment Tool (CPAT) available to governments as a transparent, flexible, and user-friendly model covering over 200 countries.",
    "This paper describes the CPAT model, its data sources, key assumptions, and caveats.",
    "Coverage: over 200 countries.",
    "Design priorities: transparency, flexibility, user-friendliness, and rapid quantification of policy impacts.",
    "Policy instruments modeled explicitly: carbon pricing, fossil fuel subsidy reform, renewable subsidies, feebates, emission rate regulations, and public investments.",
    "Energy demand",
    "Energy prices",
    "Emissions",
    "Revenues",
    "Welfare",
    "GDP",
    "Household impacts",
    "Industry impacts",
    "Local air pollution and health",
    "Many other metrics relevant to economic, environmental, fiscal, and social impacts",
    "Supports design and implementation of effective, efficient, and equitable climate mitigation policies.",
    "Enables governments to assess trade-offs across economic, environmental, fiscal, and social objectives.",
    "Facilitates rapid scenario analysis for different instrument mixes and country contexts.",
    "The paper describes CPAT’s data sources.",
    "The paper describes CPAT’s key assumptions.",
    "The paper describes caveats associated with model use and interpretation.",
    "Pages: 74",
    "Issue: 128",
    "Series: Working Paper No. 2023/128",
    "DOI: https://doi.org/10.5089/9798400242342.001",
    "ISBN: 9798400242342",
    "ISSN: 1018-5941",
    "Publication date on landing page: June 23, 2023",
    "**Working Paper**"
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