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Mitigation Policies for the Paris Agreement
An Assessment for G20 Countries

by Ian Parry, Victor Mylonas, and Nate Vernon

Series:Working Paper No. 18/193
ISBN 9781484373842
Code: #WPIEA2018193

Publication year: 2018

Cdn: $27.00; US: $23.50
Paperback
Language: English
58 pages
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Following submission of greenhouse gas (GHG) mitigation commitments or pledges (by 190 countries) for the 2015 Paris Agreement, policymakers are considering specific actions for their implementation. To help guide policy, it is helpful to have a quantitative framework for understanding: i) the main impacts (on GHGs, fiscal balances, the domestic environment, economic welfare, and distributional incidence) of emissions pricing; ii) trade-offs between pricing and other (commonly used) mitigation instruments; and iii) why/to what extent needed policies and their impacts differ across countries. This paper provides an illustrative sense of this information for G20 member countries (which account for about 80 percent of global emissions) under plausible (though inevitably uncertain) projections for future fuel use and price responsiveness. Quantitative results underscore the generally strong case for (comprehensive) pricing over other instruments, its small net costs or often net benefits (when domestic environmental gains are considered), but also the potentially wide dispersion (and hence inefficiency) in emissions prices implied by countries’ mitigation commitments.
Mitigation Policies for the Paris Agreement
Cdn: $27.00; US: $23.50
International Monetary Fund (IMF) BookID: 123539 Added: 2018.9.11