How Much Carbon Pricing is in Countries' Own Interests?: The Critical Role of Co-Benefits
This paper calculates, for the top twenty emitting countries, how much pricing of carbon dioxide (CO2) emissions is in their own national interests due to domestic co-benefits (leaving aside the global climate benefits). On average, nationally efficient prices are substantial, $57.5 per ton of CO2 (...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
2014
|
| Series: | IMF Working Papers
Working Paper No. 14/174 |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Summary: | This paper calculates, for the top twenty emitting countries, how much pricing of carbon dioxide (CO2) emissions is in their own national interests due to domestic co-benefits (leaving aside the global climate benefits). On average, nationally efficient prices are substantial, $57.5 per ton of CO2 (for year 2010), reflecting primarily health co-benefits from reduced air pollution at coal plants and, in some cases, reductions in automobile externalities (net of fuel taxes/subsidies). Pricing co-benefits reduces CO2 emissions from the top twenty emitters by 13.5 percent (a 10.8 percent reduction in global emissions). However, co-benefits vary dramatically across countries (e.g., with population exposure to pollution) and differentiated pricing of CO2 emissions therefore yields higher net benefits (by 23 percent) than uniform pricing. Importantly, the efficiency case for pricing carbon's co-benefits hinges critically on (i) weak prospects for internalizing other externalities through other pricing instruments and (ii) productive use of carbon pricing revenues |
| Physical Description: | 1 Online-Ressource (36 p) |
| ISBN: | 1498358276 9781498358279 |
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| 520 | 3 | |a This paper calculates, for the top twenty emitting countries, how much pricing of carbon dioxide (CO2) emissions is in their own national interests due to domestic co-benefits (leaving aside the global climate benefits). On average, nationally efficient prices are substantial, $57.5 per ton of CO2 (for year 2010), reflecting primarily health co-benefits from reduced air pollution at coal plants and, in some cases, reductions in automobile externalities (net of fuel taxes/subsidies). Pricing co-benefits reduces CO2 emissions from the top twenty emitters by 13.5 percent (a 10.8 percent reduction in global emissions). However, co-benefits vary dramatically across countries (e.g., with population exposure to pollution) and differentiated pricing of CO2 emissions therefore yields higher net benefits (by 23 percent) than uniform pricing. Importantly, the efficiency case for pricing carbon's co-benefits hinges critically on (i) weak prospects for internalizing other externalities through other pricing instruments and (ii) productive use of carbon pricing revenues | |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:36Z |
| indexdate | 2024-07-10T09:35:46Z |
| institution | BVB |
| isbn | 1498358276 9781498358279 |
| language | English |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Parry, Ian W.H. Verfasser aut How Much Carbon Pricing is in Countries' Own Interests? The Critical Role of Co-Benefits Parry, Ian W.H Washington, D.C International Monetary Fund 2014 1 Online-Ressource (36 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 14/174 This paper calculates, for the top twenty emitting countries, how much pricing of carbon dioxide (CO2) emissions is in their own national interests due to domestic co-benefits (leaving aside the global climate benefits). On average, nationally efficient prices are substantial, $57.5 per ton of CO2 (for year 2010), reflecting primarily health co-benefits from reduced air pollution at coal plants and, in some cases, reductions in automobile externalities (net of fuel taxes/subsidies). Pricing co-benefits reduces CO2 emissions from the top twenty emitters by 13.5 percent (a 10.8 percent reduction in global emissions). However, co-benefits vary dramatically across countries (e.g., with population exposure to pollution) and differentiated pricing of CO2 emissions therefore yields higher net benefits (by 23 percent) than uniform pricing. Importantly, the efficiency case for pricing carbon's co-benefits hinges critically on (i) weak prospects for internalizing other externalities through other pricing instruments and (ii) productive use of carbon pricing revenues Online-Ausg Heine, Dirk Sonstige oth Veung, Chandara Sonstige oth http://elibrary.imf.org/view/IMF001/21638-9781498358279/21638-9781498358279/21638-9781498358279.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Parry, Ian W.H How Much Carbon Pricing is in Countries' Own Interests? The Critical Role of Co-Benefits |
| title | How Much Carbon Pricing is in Countries' Own Interests? The Critical Role of Co-Benefits |
| title_auth | How Much Carbon Pricing is in Countries' Own Interests? The Critical Role of Co-Benefits |
| title_exact_search | How Much Carbon Pricing is in Countries' Own Interests? The Critical Role of Co-Benefits |
| title_exact_search_txtP | How Much Carbon Pricing is in Countries' Own Interests? The Critical Role of Co-Benefits |
| title_full | How Much Carbon Pricing is in Countries' Own Interests? The Critical Role of Co-Benefits Parry, Ian W.H |
| title_fullStr | How Much Carbon Pricing is in Countries' Own Interests? The Critical Role of Co-Benefits Parry, Ian W.H |
| title_full_unstemmed | How Much Carbon Pricing is in Countries' Own Interests? The Critical Role of Co-Benefits Parry, Ian W.H |
| title_short | How Much Carbon Pricing is in Countries' Own Interests? |
| title_sort | how much carbon pricing is in countries own interests the critical role of co benefits |
| title_sub | The Critical Role of Co-Benefits |
| url | http://elibrary.imf.org/view/IMF001/21638-9781498358279/21638-9781498358279/21638-9781498358279.xml |
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