Distributional Impacts of Carbon Pricing Policies Under Paris Agreement: Inter and Intra-Regional Perspectives
نویسندگان
چکیده
While bringing multiple benefits for the environment, achievement of stringent global greenhouse gas emissions reduction target, like one outlined in Paris Climate Agreement, is associated with significant implementation costs and could impact different dimensions human well-being, including welfare, poverty distributional aspects. In this paper, we analyze impacts carbon pricing mechanisms consistent reaching Agreement targets. We link a recursive dynamic computable general equilibrium model ENVISAGE GIDD microsimulation explore three levels mitigation effort five options (trade coalitions). Results suggest that while there higher incidence all scenarios, mainly driven by lower economic growth, Nationally Determined Contribution (NDC) policies result progressive income distribution at level. Such progressivity caused not only relative prices food versus non-food commodities, but also decline skill wage premia. Achievement NDC targets without regional cooperation results 0.45% increase number people living extreme (below PPP$1.90/day) 2030, more ambitious 2oC-consistent target increases to 1.25%. Global significantly eases burden on poor, reducing headcount (additional leaving poverty) almost times case it baseline scenario level target. The Gini coefficient falls between 0.01 0.04 percentage points depending collaboration mode, Theil index 0.11 points. indicate reductions inequality come from top earners, as are much sensitive closer distribution.
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Resources for the Future is an independent, nonpartisan think tank that, through its social science research, enables policymakers and stakeholders to make better, more informed decisions about energy, environmental, and natural resource issues. Located in Washington, DC, its research scope comprises programs in nations around the world.
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2021
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.3800228