Working paper by Julius Andersson, Giles Atkinson on 9 Sep 2020
The fact that a carbon tax is an environmentally and economically efficient instrument for reducing emissions is often highlighted, but the equity story is also of importance. This paper addresses the question of the distributional burden of a carbon tax across different income groups and the role played by income inequality.
Working paper by Roger Fouquet, Tanya O’Garra on 23 Jul 2020
This paper aims to estimate the short-run impacts of air travel reductions due to COVID-19, and explores the potential for policy measures to curb demand and reduce carbon dioxide emissions beyond the lifetime of the pandemic with minimal impacts on welfare.
by Josh Burke, Sam Fankhauser, Alex Bowen on 15 May 2020
This brief argues that once the immediate rescue has been secured and countries move towards recovery from COVID-19, carefully implementing carbon pricing while reducing fossil fuel subsidies should be at the core of any stimulus package. read more »
Working paper by Ghassane Benmir, Josselin Roman on 22 Apr 2020
This paper assesses the effectiveness and interactions of different policies aimed at reducing carbon dioxide emissions, using a macro-financial framework. The research aims to provide central banks and similar institutions with the tools to contribute to climate change mitigation and demonstrates the importance of including these institutions in the push to reduce global emission levels. read more »
Policy publication by Josh Burke, Sam Fankhauser, Alex Kazaglis, Louise Kessler, Naina Khandelwal, Peter O’Boyle on 9 Mar 2020
This study explores the distributional impacts of a net-zero-consistent carbon price across different household types and income deciles in the UK; and examines which combination of interventions may reduce carbon consumption and still be progressive.
Working paper by Giovanni Marin, Francesco Vona on 17 Dec 2019
In evaluating the responses of French manufacturing firms to large increases in energy prices, which the authors use as a proxy for stringent environmental policy, they find that costs in terms of job losses and competitiveness are smaller by an order of magnitude than the benefits in terms of reducing carbon dioxide emissions. read more »
Working paper by Stefano Carattini, Suphi Sen on 6 Aug 2019
The authors of this paper show that while a convergence towards relatively high carbon prices is more than welcome from a climate perspective, central banks and other agencies responsible for financial stability may need to play close attention to such development. read more »
Policy publication by Josh Burke, Rebecca Byrnes, Sam Fankhauser on 2 Aug 2019
This policy brief analyses global trends in carbon taxation and differences in tax design around the world to draw out lessons for the design of a possible new carbon tax for the UK, as the country plans how to meet its ambitious new net-zero emissions target and how it prices carbon after Brexit. read more »
Policy publication by Alina Averchenkova, Kate Elizabeth Gannon, Patrick Curran on 26 Jun 2019
This report and accompanying 8-page brief examine some of the emerging challenges in climate governance in South Africa and potential solutions. The lessons identified are also relevant for other developing economies. read more »
Working paper by Jared J. Finnegan on 12 Nov 2018
This paper examines the influence of electoral competitiveness on policy decisions over carbon taxes, focusing on fuel duty. read more »
