A framework to decarbonise the economy

Abstract

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Macroeconomic and distributional consequences of net zero policies in the United Kingdom

“…Emission reductions range from a 47% decrease compared to the unchanged policy baseline with a low carbon price to a 71% reduction with a high carbon price in the "Standard" revenue use scenario, where revenues are recycled back to households and firms based on their share of carbon tax paid. These reductions are larger than simple estimated elasticities such as in D'Arcangelo et al (2022 [13]), due to exogenous and endogenous technical progress. The model predicts double dividends, with GDP increasing with the carbon price.…”

Options for assessing and comparing climate change mitigation policies across countries

“…Indeed, carbon taxes and emission trading schemes can be particularly effective in reducing emissions (Andersson, 2019[12]; Dechezleprêtre, Nachtigall and Venmans, 2018 [13]; Abrell, Kosch and Rausch, 2022 [14]). However, the causal impact of labelling or information campaigns can be more difficult to estimate and may be smaller (Lohmann et al, 2022[15]; Cohen and Vanderbergh, 2012 [16]; Andor, Gerster and Peters, 2022 [17]). If allocating emission reductions to different overlapping policies is not feasible, one could focus on the total effect of overlapping policies.…”

Ukrainians and climate policies: What are Ukrainians’ preferences for using carbon revenues?

“…Facilities can be equipped with innovative technologies and modern, low-carbon solutions. Ukraine is already working towards decentralising its energy supply and increasing its use of renewable energy technologies (Communications Department of the Secretariat of the CMU, 2023 [15]) (Ministry of Energy of Ukraine, 2023 [16]).…”