Mitigating Climate Change: Growth-Friendly Policies to Achieve Net Zero Emissions by 2050

By Florence Jaumotte, Weifeng Liu, Warwick J. McKibbin

July 23, 2021

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Florence Jaumotte, Weifeng Liu, and Warwick J. McKibbin Mitigating Climate Change: Growth-Friendly Policies to Achieve Net Zero Emissions by 2050, (USA: International Monetary Fund, 2021) accessed December 21, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

Background paper prepared for the October 2020 IMF World Economic Outlook. This paper provides a detailed presentation of the simulation results from the October 2020 IMF World Economic Outlook chapter 3 and an additional scenario with carbon pricing only for comparison with the comprehensive policy package where green investments were also included. This paper has greatly benefitted from continuous discussions with Oya Celasun and Benjamin Carton on the design of simulations; contributions from Philip Barrett for part of the simulations; and research support from Jaden Kim. We also received helpful comments from other IMF staff. All remaining errors are ours. McKibbin and Liu acknowledge financial support from the Australian Research Council Centre of Excellence in Population Ageing Research (CE170100005).

Subject: Carbon tax, Climate finance, Environment, Greenhouse gas emissions, Non-renewable resources, Taxes

Keywords: B. Policy tool, Baseline CO2 emission, Carbon tax, Climate finance, Climate mitigation strategy, Europe, Global, Greenhouse gas emissions, Non-renewable resources, Policy package, Scenario design

Publication Details

Pages:

35
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2021/195
Stock No:

WPIEA2021195
ISBN:

9781513592978
ISSN:

1018-5941

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