DOI: 10.1080/14693062.2017.1400943
Scopus记录号: 2-s2.0-85041643537
论文题名: The fiscal benefits of stringent climate change mitigation: an overview
作者: Siegmeier J ; , Mattauch L ; , Franks M ; , Klenert D ; , Schultes A ; , Edenhofer O
刊名: Climate Policy
ISSN: 1469-3062
EISSN: 1752-7457
出版年: 2018
卷: 18, 期: 3 起始页码: 352
结束页码: 367
语种: 英语
英文关键词: Carbon pricing
; distributional effects
; policy interactions/integration
; public spending
; stringent mitigation
; tax/taxation
Scopus关键词: climate change
; competition (economics)
; economic analysis
; environmental economics
; environmental policy
; environmental tax
; fiscal policy
; international agreement
; mitigation
; policy making
; public spending
; tax system
Scopus学科分类: nvironmental Science: General Environmental Science
; Earth and Planetary Sciences: Atmospheric Science
英文摘要: The Paris Agreement’s very ambitious mitigation goals, notably to ‘pursue efforts’ to limit warming to 1.5°C, imply that climate policy will remain a national affair for some time. One key obstacle to very ambitious national mitigation is that some policy makers perceive this to be in competition with major goals of fiscal policy, such as public investment or debt reduction. However, climate policy may actually contribute to these other objectives. Importantly, many fiscal implications of substantial carbon prices, which are essential for stringent mitigation targets such as the 1.5°C goal, have long been neglected by economic analyses of climate change mitigation. We systematically review recent contributions on interactions between climate policy and public finance, which include many topics beyond the classic `double dividend’ of environmental tax swaps. We can thus identify new conclusions about climate policy designs that may overcome fiscal objections and research gaps. We find that national climate policy often aligns with other objectives, provided that climate policies and fiscal policies are integrated well. A first class of interactions concerns public revenue-raising: carbon pricing can replace distortionary taxes and alleviate international tax competition; climate policy also changes asset values, which impacts the base of non-climate taxes and boosts productive investment. Second, they concern public spending, which needs to be restructured as a part of climate policy, while carbon pricing revenues may be recycled for public investment. Third, distributional impacts of climate policies include changes to household expenditures, to asset values and to employment; balancing them often requires fiscal policies. Our findings underline that jointly considering climate policy and fiscal policy can help to make substantial mitigation politically feasible. Key policy insights Climate policy, even under a very ambitious 1.5°C target, may substantially contribute to fiscal objectives, interact with fiscal policies, and lower mitigation costs. Mutual effects concern taxation, aggregate investment, public budgets, infrastructure and fiscal instruments with distributional effects. Better integrating climate policies and fiscal policies increases efficiency and supports political feasibility of very ambitious mitigation. This requires a common understanding of policy makers and academics on the most relevant interactions, based on more exchange and empirical research. © 2017 Informa UK Limited, trading as Taylor & Francis Group. Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/80175
Appears in Collections: 科学计划与规划
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作者单位: Mercator Research Institute on Global Commons and Climate Change, Berlin, Germany; Technical University of Berlin, Chair for Economics of Climate Change, Berlin, Germany; Environmental Change Institute and Institute for New Economic Thinking at the Oxford Martin School, School of Geography and the Environment, University of Oxford, Oxford, United Kingdom; Potsdam Institute for Climate Impact Research, Potsdam, Germany
Recommended Citation:
Siegmeier J,, Mattauch L,, Franks M,et al. The fiscal benefits of stringent climate change mitigation: an overview[J]. Climate Policy,2018-01-01,18(3)