The Imf World Bank Climate Policy Assessment Tool Cpat A Model To Help Countries Mitigate Climate Change

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The IMF-World Bank Climate Policy Assessment Tool (CPAT): A Model to Help Countries Mitigate Climate Change

Author : Mr. Simon Black
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis The IMF-World Bank Climate Policy Assessment Tool (CPAT): A Model to Help Countries Mitigate Climate Change by : Mr. Simon Black

Download or read book The IMF-World Bank Climate Policy Assessment Tool (CPAT): A Model to Help Countries Mitigate Climate Change written by Mr. Simon Black and published by International Monetary Fund. This book was released on 2023-06-23 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: To stabilize the climate, global greenhouse gas emissions must be cut by 25 to 50 percent by 2030 compared to 2019. Such an unprecedented rate of decarbonization necessitates climate mitigation policies across countries, notably carbon pricing, fossil fuel subsidy reform, renewable subsidies, feebates, emission rate regulations, and public investments. To design and implement effective, efficient, and equitable policies, governments need tools to assess economic, environmental, fiscal, and social impacts. To support this effort, the IMF and World Bank are making their joint Climate Policy Assessment Tool (CPAT) available to governments. CPAT is a transparent, flexible, and user-friendly model covering over 200 countries. It allows for the rapid quantification of impacts of climate mitigation policies, including on energy demand, prices, emissions, revenues, welfare, GDP, households and industries, local air pollution and health, and many other metrics. This paper describes the CPAT model, its data sources, key assumptions, and caveats.

Balancing Environmental, Fiscal, and Welfare Impacts of Transportation Decarbonization in France

Author : Nate Vernon
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Balancing Environmental, Fiscal, and Welfare Impacts of Transportation Decarbonization in France by : Nate Vernon

Download or read book Balancing Environmental, Fiscal, and Welfare Impacts of Transportation Decarbonization in France written by Nate Vernon and published by International Monetary Fund. This book was released on 2024-07-12 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: France has taken a leadership role in global mitigation and made significant progress towards reducing greenhouse gas emissions, but further efforts will be needed to meet domestic mitigation targets. Accelerating emissions reductions from road transportation will be a key part of this strategy, as they account for nearly one-third of national emissions. At the same time, with the shift to more lightly taxed electric vehicles over the next decade, fiscal revenue from the sector is projected to decline and externalities, such as congestion, to worsen. Building on existing policies, a comprehensive reform that combines revenue-neutral continuous feebate schemes with a gradual introduction of road user and congestion charges could support mitigation targets, while maintaining revenue and regulating externalities. This paper discusses administratively feasible options to introduce such policies as well as key welfare and distributional considerations.

Policies to Address Climate Change

Author : Geoffrey N. Keim
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Policies to Address Climate Change by : Geoffrey N. Keim

Download or read book Policies to Address Climate Change written by Geoffrey N. Keim and published by International Monetary Fund. This book was released on 2024-02-05 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the near-term priorities are national defense and macroeconomic stabilization, gradually incorporating climate change considerations into policy design will become increasingly important after the war and into the long term. As regards climate change adaptation, investments will need to be made with a view to maintain long-term debt sustainability. Policy reforms will also be needed to move to a low-emissions economy to deliver international commitments and achieve the broader objective of European Union accession. Potential exists to deliver on climate priorities alongside implementing recovery and reconstruction efforts, while maintaining macroeconomic stability, and ensuring social protection and equity.

Japan

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 81 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Japan by : International Monetary Fund. Asia and Pacific Dept

Download or read book Japan written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2024-05-13 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Japanese economy continues to grow after the pandemic, with broad-based price increases following three decades of low inflation. The “new form of capitalism” agenda and children-related policies are key priorities for the Kishida administration, but the fiscal burden has increased.

The Nexus of Climate and Monetary Policy: Evidence from the Middle East and Central Asia

Author : Nordine Abidi
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis The Nexus of Climate and Monetary Policy: Evidence from the Middle East and Central Asia by : Nordine Abidi

Download or read book The Nexus of Climate and Monetary Policy: Evidence from the Middle East and Central Asia written by Nordine Abidi and published by International Monetary Fund. This book was released on 2024-04-26 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the effects of climate shocks on inflation and monetary policy in the Middle East and Central Asia (ME&CA) region. We first introduce a theoretical model to understand the impact of climate risks on headline and food inflation. In particular, the model shows how climate shocks could affect the path of policy rates through food prices. We then use local projections to estimate the impact of climate shocks on headline and food inflation. The results show that price stability is more easily achievable under positive climate conditions. Overall, our findings shed new light on the importance of considering climate-related supply shocks when designing monetary policy, particularly in countries where food makes up a significant part of the CPI-basket.

Ukraine

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 21 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Ukraine by : International Monetary Fund. European Dept.

Download or read book Ukraine written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2023-12-11 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ukraine: Selected Issues

Cryptocarbon: How Much Is the Corrective Tax?

Author : Mr. Shafik Hebous
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Cryptocarbon: How Much Is the Corrective Tax? by : Mr. Shafik Hebous

Download or read book Cryptocarbon: How Much Is the Corrective Tax? written by Mr. Shafik Hebous and published by International Monetary Fund. This book was released on 2023-09-15 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: With increasing awareness of past environmental damage from crypto mining, questions arise as to how persistent the problem will be in the future and how taxation can help in addressing this negative externality. We estimate that the global demand for electricity by crypto miners reached that of Australia or Spain, resulting in 0.33% of global CO2 emissions in 2022. Projections suggest sustained future electricity demand and indicate further increases in CO2 emissions if crypto prices significantly increase and the energy efficiency of mining hardware is low. To address global warming, we estimate the corrective excise on the electricity used by crypto miners to be USD 0.045 per kWh, on average. Considering also air pollution costs raises the tax to USD 0.087 per kWh. Country-specific estimates vary depending on their electricity sources.

Principality of Andorra

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Principality of Andorra by : International Monetary Fund. African Dept.

Download or read book Principality of Andorra written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2024-03-06 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: Principality of Andorra: Selected Issues

Cyprus

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 51 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Cyprus by : International Monetary Fund. European Dept.

Download or read book Cyprus written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2024-05-28 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cyprus: Selected Issues

Republic of North Macedonia

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 59 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Republic of North Macedonia by : International Monetary Fund. European Dept.

Download or read book Republic of North Macedonia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2024-01-26 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Republic of North Macedonia: Selected Issues

Waiting for Godot? The Case for Climate Change Adaptation and Mitigation in Small Island States

Author : Mr. Serhan Cevik
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Waiting for Godot? The Case for Climate Change Adaptation and Mitigation in Small Island States by : Mr. Serhan Cevik

Download or read book Waiting for Godot? The Case for Climate Change Adaptation and Mitigation in Small Island States written by Mr. Serhan Cevik and published by International Monetary Fund. This book was released on 2022-09-09 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global warming is the most significant threat to ecosystems and people’s health and living standards, especially in small island states in the Caribbean and elsewhere. This paper contributes to the debate by analyzing different options to scale up climate change mitigation and adaptation. In particular, the empirical analysis indicates that increasing energy efficiency and reducing the use of fossil fuel in electricity generation could lead to a significant reduction in carbon emissions, while investing in physical and financial resilience would yield long-run benefits. From a risk-reward perspective, the advantages of reducing the risks associated with climate change and the health benefits from higher environmental quality clearly outweigh the potential cost of climate change mitigation and adaptation in the short run. The additional revenue generated by environmental taxes could be used to compensate the most vulnerable households, building a multilayered safety net, and strengthening structural resilience.

Is the Paris Agreement Working? A Stocktake of Global Climate Mitigation

Author : Mr. Simon Black
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Is the Paris Agreement Working? A Stocktake of Global Climate Mitigation by : Mr. Simon Black

Download or read book Is the Paris Agreement Working? A Stocktake of Global Climate Mitigation written by Mr. Simon Black and published by International Monetary Fund. This book was released on 2023-11-21 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Urgent and aggressive action to cut greenhouse gas emissions this decade is needed. As countries take stock of the Paris Agreement, this Note provides IMF staff’s annual assessment of global climate mitigation policy. Global ambition needs to be more than quadrupled: emissions cuts of 50 percent below 2019 levels by 2030 are needed for 1.5 degrees Celsius, but current targets would only achieve 11 percent. We provide options for ratcheting-up ambition equitably. Implementation could be accelerated via agreements on minimum carbon prices. Drastic increases in mitigation investment are needed, requiring policies to shift private sector incentives. Climate finance should be scaled-up, with a new goal aligned with needs in developing countries. The development and diffusion of low-carbon technologies should be accelerated collaboratively. Overall, the Paris Agreement is making progress, but a response to the Global Stocktake that prioritizes decisive action this decade is critical.

A Framework for Comparing Climate Mitigation Policies Across Countries

Author : Mr. Simon Black
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis A Framework for Comparing Climate Mitigation Policies Across Countries by : Mr. Simon Black

Download or read book A Framework for Comparing Climate Mitigation Policies Across Countries written by Mr. Simon Black and published by International Monetary Fund. This book was released on 2022-12-16 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is growing interest in international coordination over climate mitigation policy. Climate clubs or international carbon price floors could complement the Paris Agreement by helping to deliver the near-term cuts in global greenhouse gas emissions needed to contain global warming to 1.5 to 2oC. To ensure inclusivity, these arrangements need to account for varying mitigation policies across countries, including carbon pricing, fuel taxes, subsidy reform, and non-pricing approaches like regulations. A transparent methodology is needed to compare and monitor mitigation effort by countries implementing diverse policy packages. This paper presents and illustrates a methodology for converting climate mitigation policies and targets into their carbon price equivalents and applies it to the Group of Twenty (G20) countries.

Fiscal Implications of Global Decarbonization

Author : Mr. Simon Black
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Fiscal Implications of Global Decarbonization by : Mr. Simon Black

Download or read book Fiscal Implications of Global Decarbonization written by Mr. Simon Black and published by International Monetary Fund. This book was released on 2024-03 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Internationally coordinated climate mitigation policies can effectively put the world on a path toward achieving the agreed Paris temperature goals. Such coordination could be initiated by large players, such as China, the US, India, the African Union, and the European Union. We find that the implications for fiscal revenues over time will be shaped by a combination of rising carbon prices, the gradual erosion of existing fuel tax bases, and possible revenue sharing arrangements. Public spending rises during the transition to build green public infrastructure, promote innovation, and support clean technology deployment. Countries will also need financing for compensating vulnerable households and industries, and to transfer funds to poor countries. With well-designed climate-fiscal policy relying on carbon pricing, global decarbonization will have anything from moderately positive to moderately negative impacts on fiscal balances in high-income countries. For middle and low-income countries, net fiscal impacts are generally positive and can be significant. Revenue sharing at the global level would make an historical contribution to breaching the financial divide between rich and poor countries.

Republic of Lithuania

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Republic of Lithuania by : International Monetary Fund. European Dept.

Download or read book Republic of Lithuania written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2022-07-28 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected Issues

Climate Change Public Expenditure and Institutional Review Sourcebook (CCPEIR)

Author : Adrian Fozzard
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 257 pages
Book Rating : 4./5 ( download)

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Book Synopsis Climate Change Public Expenditure and Institutional Review Sourcebook (CCPEIR) by : Adrian Fozzard

Download or read book Climate Change Public Expenditure and Institutional Review Sourcebook (CCPEIR) written by Adrian Fozzard and published by World Bank Publications. This book was released on with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Climate Change Public Expenditure and Institutional Review Sourcebook (CCPEIR) seeks to provide practitioners with the tools and information needed to respond to the public expenditure policy and management challenges arising from climate change. It is a series of notes and supporting materials written as a first step towards consolidating current research and international experience, identifying emerging practice and providing practical and applicable guidance for staff of central finance agencies, development agencies, environmental agencies and other international organizations working on climate change issues. In addition to emphasizing the importance of strengthening national systems throughout, the Sourcebook focuses on the specific public expenditure policy and management challenges posed by climate change, such as decision-making in the face of uncertain future climate conditions, expenditure planning for extreme weather and climate events, the lack of agreed budget definition and classification of climate change activities.

Review of the Climate Macroeconomic Assessment Program Pilots

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Review of the Climate Macroeconomic Assessment Program Pilots by : International Monetary Fund. Fiscal Affairs Dept.

Download or read book Review of the Climate Macroeconomic Assessment Program Pilots written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2023-06-16 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the two Climate Macroeconomic Assessment Program (CMAP) pilots and proposes a way forward. It builds on the experience of the previous six Climate Change Policy Assessment (CCPA) pilots, and the recent rollout of the World Bank’s Country Climate and Development Report (CCDR). It also accounts for early experience with countries requesting support under the Fund’s Resilience and Sustainability Trust (RST). Based on the lessons from pilots and recent developments, staff proposes to streamline the CMAP to focus on the Fund’s comparative advantages in the areas of mitigation, PFM and macro-fiscal impact of climate change policies, provide a streamlined CMAP in exceptional circumstances, and expand more targeted CD in particular in support of RSF countries. This focused and tailored approach would benefit members as it is more agile, allows the Fund to serve more members within the same resource envelope and enhance synergies with other Fund products and the World Bank’s CCDR.