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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP16553 |
DP16553 Mitigating Climate Change: Growth-Friendly Policies to Achieve Net Zero Emissions by 2050 | |
Florence Jaumotte; Weifeng Liu; Warwick Mckibbin | |
发表日期 | 2021-09-15 |
出版年 | 2021 |
语种 | 英语 |
摘要 | The paper examines climate mitigation strategies to reach net-zero emissions by mid-century, focusing on smoothing macroeconomic costs in the short- to medium-term—the horizon relevant for policymakers. It explores a comprehensive policy package, which complements carbon pricing with an initial green fiscal stimulus, consisting of green public investment and subsidies to renewables production. Model simulations show that thanks to the green public spending, the policy package boosts global output relative to the baseline for the first 15 years of the low-carbon transition. Subsequent transitional output costs resulting from further increases in carbon prices are moderate of the order of 1 percent of baseline global GDP by 2050. The findings suggest that upfront green fiscal packages could help smooth the transition to a low-carbon economy. In the current context of the Covid-19 economic crisis, they would help support the recovery from the crisis and put the global economy on a greener, more sustainable path. |
主题 | Macroeconomics and Growth |
关键词 | Climate change Net-zero emissions Green infrastructure Macroeconomics Dsge Cge G-cubed |
URL | https://cepr.org/publications/dp16553 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545504 |
推荐引用方式 GB/T 7714 | Florence Jaumotte,Weifeng Liu,Warwick Mckibbin. DP16553 Mitigating Climate Change: Growth-Friendly Policies to Achieve Net Zero Emissions by 2050. 2021. |
条目包含的文件 | 条目无相关文件。 |
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