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Author: Ms.Era Dabla-Norris Publisher: International Monetary Fund ISBN: 1513561391 Category : Business & Economics Languages : en Pages : 125
Book Description
Climate change is one of the greatest challenges facing policymakers worldwide, and the stakes are particularly high for Asia and the Pacific. This paper analyzes how fiscal policy can address challenges from climate change in Asia and the Pacific. It aims to answer how policymakers can best promote mitigation, adaptation, and the transition to a low-carbon economy, emphasizing the economic and social implications of reforms, potential policy trade-offs, and country circumstances. The recommendations are grounded in quantitative analysis using country-specific estimates, and granular household, industry, and firm-level data.
Author: Ms.Era Dabla-Norris Publisher: International Monetary Fund ISBN: 1513561391 Category : Business & Economics Languages : en Pages : 125
Book Description
Climate change is one of the greatest challenges facing policymakers worldwide, and the stakes are particularly high for Asia and the Pacific. This paper analyzes how fiscal policy can address challenges from climate change in Asia and the Pacific. It aims to answer how policymakers can best promote mitigation, adaptation, and the transition to a low-carbon economy, emphasizing the economic and social implications of reforms, potential policy trade-offs, and country circumstances. The recommendations are grounded in quantitative analysis using country-specific estimates, and granular household, industry, and firm-level data.
Author: Miria A. Pigato Publisher: World Bank Publications ISBN: 9781464813580 Category : Business & Economics Languages : en Pages : 240
Book Description
This report provides actionable advice on how to design and implement fiscal policies for both development and climate action. Building on more than two decades of research in development and environmental economics, it argues that well-designed environmental tax reforms are especially valuable in developing countries, where they can reduce emissions, increase domestic revenues, and generate positive welfare effects such as cleaner water, safer roads, and improvements in human health. Moreover, these reforms need not harm competitiveness. New empirical evidence from Indonesia and Mexico suggests that under certain conditions, raising fuel prices can actually increase firm productivity. Finally, the report discusses the role of fiscal policy in strengthening resilience to climate change. It provides evidence that preventive public investments and measures to build fiscal buffers can help safeguard stability and growth in the face of rising climate risks. In this way, environmental tax reforms and climate risk-management strategies can lay the much-needed fiscal foundation for development and climate action.
Author: Mr.Benedict J. Clements Publisher: International Monetary Fund ISBN: 1513567756 Category : Business & Economics Languages : en Pages : 450
Book Description
The sizeable increase in income inequality experienced in advanced economies and many parts of the world since the 1990s and the severe consequences of the global economic and financial crisis have brought distributional issues to the top of the policy agenda. The challenge for many governments is to address concerns over rising inequality while simultaneously promoting economic efficiency and more robust economic growth. The book delves into this discussion by analyzing fiscal policy and its link with inequality. Fiscal policy is the government’s most powerful tool for addressing inequality. It affects households ‘consumption directly (through taxes and transfers) and indirectly (via incentives for work and production and the provision of public goods and individual services such as education and health). An important message of the book is that growth and equity are not necessarily at odds; with the appropriate mix of policy instruments and careful policy design, countries can in many cases achieve better distributional outcomes and improve economic efficiency. Country studies (on the Netherlands, China, India, Republic of Congo, and Brazil) demonstrate the diversity of challenges across countries and their differing capacity to use fiscal policy for redistribution. The analysis presented in the book builds on and extends work done at the IMF, and also includes contributions from leading academics.
Author: Signe Krogstrup Publisher: International Monetary Fund ISBN: 1513511955 Category : Business & Economics Languages : en Pages : 58
Book Description
Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The literature provides a menu of policy tools for mitigation. A key conclusion is that fiscal tools are first in line and central, but can and may need to be complemented by financial and monetary policy instruments. Some tools and policies raise unanswered questions about policy tool assignment and mandates, which we describe. The literature is scarce, however, on the most effective policy mix and the role of mitigation tools and goals in the overall policy framework.
Author: Stephane Hallegatte Publisher: World Bank Publications ISBN: 1464806748 Category : Business & Economics Languages : en Pages : 227
Book Description
Ending poverty and stabilizing climate change will be two unprecedented global achievements and two major steps toward sustainable development. But the two objectives cannot be considered in isolation: they need to be jointly tackled through an integrated strategy. This report brings together those two objectives and explores how they can more easily be achieved if considered together. It examines the potential impact of climate change and climate policies on poverty reduction. It also provides guidance on how to create a “win-win†? situation so that climate change policies contribute to poverty reduction and poverty-reduction policies contribute to climate change mitigation and resilience building. The key finding of the report is that climate change represents a significant obstacle to the sustained eradication of poverty, but future impacts on poverty are determined by policy choices: rapid, inclusive, and climate-informed development can prevent most short-term impacts whereas immediate pro-poor, emissions-reduction policies can drastically limit long-term ones.
Author: Mr. Fabien Gonguet Publisher: International Monetary Fund ISBN: 1513583042 Category : Business & Economics Languages : en Pages : 21
Book Description
Public financial management (PFM) consists of all the government’s institutional arrangements in place to facilitate the implementation of fiscal policies. In response to the growing urgency to fight climate change, “green PFM” aims at adapting existing PFM practices to support climate-sensitive policies. With the cross-cutting nature of climate change and wider environmental concerns, green PFM can be a key enabler of an integrated government strategy to combat climate change. This note outlines a framework for green PFM, emphasizing the need for an approach combining various entry points within, across, and beyond the budget cycle. This includes components such as fiscal transparency and external oversight, and coordination with state-owned enterprises and subnational governments. The note also identifies principles for effective implementation of a green PFM strategy, among which the need for a strong stewardship located within the ministry of finance is paramount.
Author: Lael Brainard Publisher: Rowman & Littlefield ISBN: 0815703813 Category : Business & Economics Languages : en Pages : 313
Book Description
Climate change threatens all people, but its adverse effects will be felt most acutely by the world's poor. Absent urgent action, new threats to food security, public health, and other societal needs may reverse hard-fought human development gains. Climate Change and Global Poverty makes concrete recommendations to integrate international development and climate protection strategies. It demonstrates that effective climate solutions must empower global development, while poverty alleviation itself must become a central strategy for both mitigating emissions and reducing global vulnerability to adverse climate impacts.
Author: Barry G. Rabe Publisher: Rowman & Littlefield ISBN: 0815796358 Category : Political Science Languages : en Pages : 232
Book Description
No environmental issue triggers such feelings of hopelessness as global climate change. Many areas of the world, including regions of the United States, have experienced a wide range of unusually dramatic weather events recently. Much climate change analysis forecasts horrors of biblical proportions, such as massive floods, habitat loss, species loss, and epidemics related to warmer weather. Such accounts of impending disaster have helped trigger extreme reactions, wherein some observers simply dismiss global climate change as, at the very worst, a minor inconvenience requiring modest adaptation. It is perhaps no surprise, therefore, that an American federal government known for institutional gridlock has accomplished virtually nothing in this area in the last decade. Policy inertia is not the story of this book, however. Statehouse and Greenhouse examines the surprising evolution of state-level government policies on global climate change. Environmental policy analyst Barry Rabe details a diverse set of innovative cases, offering detailed analysis of state-level policies designed to combat global warming. The book explains why state innovation in global climate change has been relatively vigorous and why it has drawn so little attention thus far. Rabe draws larger potential lessons from this recent flurry of American experience. Statehouse and Greenhouse helps to move debate over global climate change from bombast to the realm of what is politically and technically feasible.
Author: Asian Development Bank Publisher: Asian Development Bank ISBN: 9292577549 Category : Business & Economics Languages : en Pages : 235
Book Description
Infrastructure is essential for development. This report presents a snapshot of the current condition of developing Asia's infrastructure---defined here as transport, power, telecommunications, and water supply and sanitation. It examines how much the region has been investing in infrastructure and what will likely be needed through 2030. Finally, it analyzes the financial and institutional challenges that will shape future infrastructure investment and development.
Author: Ms.Era Dabla-Norris
Author: Ms.Era Dabla-Norris
Author: Miria A. Pigato
Author: Mr.Benedict J. Clements
Author: Signe Krogstrup
Author: Stephane Hallegatte
Author: Michael I. Westphal
Author: Mr. Fabien Gonguet
Author: Lael Brainard
Author: Barry G. Rabe
Author: Asian Development Bank