Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Mitigation Policies for the Paris Agreement: An Assessment for G20 Countries

Mitigation Policies for the Paris Agreement: An Assessment for G20 Countries This paper provides a quantitative assessment of carbon pricing and other mitigation policies for G20 countries in 2030. Emissions prices implicit in countries’ Paris Agreement pledges vary from above $70 per ton of CO2 in eight countries to less than $35 in seven countries. A $70 carbon price raises revenues of 1.5% of GDP or more for most countries. The efficiency costs of a $70 carbon price are typically well below 1% of GDP while domestic environmental cobenefits (e.g., reductions in air pollution deaths) typically offset, or greatly exceed, efficiency costs. The emissions and fiscal benefits of other policies (e.g., partial pricing, taxes on individual fuels) are generally well below those of comprehensive pricing, although coal taxes are relatively effective in some cases. A combination of measures to improve energy efficiency and lower power generation emission rates has an effectiveness of around 60%–75% relative to comprehensive carbon pricing. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of the Association of Environmental and Resource Economists University of Chicago Press

Mitigation Policies for the Paris Agreement: An Assessment for G20 Countries

Download PDF
27 pages

Loading next page...
 
/lp/university-of-chicago-press/mitigation-policies-for-the-paris-agreement-an-assessment-for-g20-fHvvvoJ0c7
Publisher
University of Chicago Press
Copyright
© 2021 by The Association of Environmental and Resource Economists. All rights reserved.
ISSN
2333-5955
eISSN
2333-5963
DOI
10.1086/713147
Publisher site
See Article on Publisher Site

Abstract

This paper provides a quantitative assessment of carbon pricing and other mitigation policies for G20 countries in 2030. Emissions prices implicit in countries’ Paris Agreement pledges vary from above $70 per ton of CO2 in eight countries to less than $35 in seven countries. A $70 carbon price raises revenues of 1.5% of GDP or more for most countries. The efficiency costs of a $70 carbon price are typically well below 1% of GDP while domestic environmental cobenefits (e.g., reductions in air pollution deaths) typically offset, or greatly exceed, efficiency costs. The emissions and fiscal benefits of other policies (e.g., partial pricing, taxes on individual fuels) are generally well below those of comprehensive pricing, although coal taxes are relatively effective in some cases. A combination of measures to improve energy efficiency and lower power generation emission rates has an effectiveness of around 60%–75% relative to comprehensive carbon pricing.

Journal

Journal of the Association of Environmental and Resource Economists – University of Chicago Press

Published: Jul 1, 2021

There are no references for this article.