G2TT
来源类型Discussion paper
规范类型论文
来源IDDP16553
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
URLhttps://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.
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