Public finance resilience in the transition towards carbon neutrality: Modelling policy instruments in a global net-zero emissions
This paper presents a detailed economic modelling analysis of public finance in the transition towards carbon neutrality. It outlines results from a Net-Zero Emission Ambition scenario, which reflects the ambition to achieve net-zero carbon dioxide emissions globally by mid-century, using a broad an...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2023
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| Schriftenreihe: | OECD Environment Working Papers
no.214 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper presents a detailed economic modelling analysis of public finance in the transition towards carbon neutrality. It outlines results from a Net-Zero Emission Ambition scenario, which reflects the ambition to achieve net-zero carbon dioxide emissions globally by mid-century, using a broad and region-specific policy package that combines various policy instruments: carbon pricing, removal of fossil fuel support, regulations in the power sector, and other policies that stimulate investments by firms and households to reduce and decarbonise energy use. The analysis relies on the OECD global computable general equilibrium ENV-Linkages model. Results show that transitioning towards carbon neutrality is feasible when considering economic and fiscal consequences. The scenario achieves carbon neutrality while maintaining continued economic growth, despite a limited negative impact on global GDP and on public revenues. The fiscal effects reflect a trade-off between instruments that increase public revenues (carbon pricing) or reduce public expenditures (fossil fuel subsidies removal), on the one hand, and more costly instruments (subsidies) and indirect effects (tax base erosion and changes in fiscal and economic structure) on the other hand. |
| Beschreibung: | 1 Online-Ressource (76 p.) 21 x 28cm. |
| DOI: | 10.1787/7f3275e0-en |
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| indexdate | 2024-11-26T14:55:36Z |
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| spelling | Fouré, Jean VerfasserIn aut Public finance resilience in the transition towards carbon neutrality Modelling policy instruments in a global net-zero emissions Jean, Fouré ... [et al] Paris OECD Publishing 2023 1 Online-Ressource (76 p.) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Environment Working Papers no.214 This paper presents a detailed economic modelling analysis of public finance in the transition towards carbon neutrality. It outlines results from a Net-Zero Emission Ambition scenario, which reflects the ambition to achieve net-zero carbon dioxide emissions globally by mid-century, using a broad and region-specific policy package that combines various policy instruments: carbon pricing, removal of fossil fuel support, regulations in the power sector, and other policies that stimulate investments by firms and households to reduce and decarbonise energy use. The analysis relies on the OECD global computable general equilibrium ENV-Linkages model. Results show that transitioning towards carbon neutrality is feasible when considering economic and fiscal consequences. The scenario achieves carbon neutrality while maintaining continued economic growth, despite a limited negative impact on global GDP and on public revenues. The fiscal effects reflect a trade-off between instruments that increase public revenues (carbon pricing) or reduce public expenditures (fossil fuel subsidies removal), on the one hand, and more costly instruments (subsidies) and indirect effects (tax base erosion and changes in fiscal and economic structure) on the other hand. Environment Dellink, Rob MitwirkendeR ctb Lanzi, Elisa MitwirkendeR ctb Pavanello, Filippo MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/7f3275e0-en Volltext |
| spellingShingle | Fouré, Jean Public finance resilience in the transition towards carbon neutrality Modelling policy instruments in a global net-zero emissions Environment |
| title | Public finance resilience in the transition towards carbon neutrality Modelling policy instruments in a global net-zero emissions |
| title_auth | Public finance resilience in the transition towards carbon neutrality Modelling policy instruments in a global net-zero emissions |
| title_exact_search | Public finance resilience in the transition towards carbon neutrality Modelling policy instruments in a global net-zero emissions |
| title_full | Public finance resilience in the transition towards carbon neutrality Modelling policy instruments in a global net-zero emissions Jean, Fouré ... [et al] |
| title_fullStr | Public finance resilience in the transition towards carbon neutrality Modelling policy instruments in a global net-zero emissions Jean, Fouré ... [et al] |
| title_full_unstemmed | Public finance resilience in the transition towards carbon neutrality Modelling policy instruments in a global net-zero emissions Jean, Fouré ... [et al] |
| title_short | Public finance resilience in the transition towards carbon neutrality |
| title_sort | public finance resilience in the transition towards carbon neutrality modelling policy instruments in a global net zero emissions |
| title_sub | Modelling policy instruments in a global net-zero emissions |
| topic | Environment |
| topic_facet | Environment |
| url | https://doi.org/10.1787/7f3275e0-en |
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