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Fiscal implications of climate change |
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| Authors: | Benjamin Jones Michael Keen Jon Strand |
| Institution: | 1. New College, Holywell Street, Oxford, OX1 3BN, UK 2. Fiscal Affairs Department, International Monetary Fund, Washington DC, 20431, USA 3. Development Research Group, Environment and Energy Team, The World Bank, Washington DC, 20433, USA |
| Abstract: | Climate change is an externality problem—so the challenges that arise in limiting it and dealing with the effects that remain are largely fiscal. The structure of the problem, however, and the uncertainty which surrounds it, make the design of proper policy responses particularly complex. This paper provides a primer on the fiscal implications of climate change, the aim being to provide a (reasonably) quick and comprehensive overview of the main analytical issues and lessons learned. |
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