Beyond Mitigation : Quantifying the Development Benefits of Carbon Pricing.

Format:

Book

Government document

Author/Creator:

Partnership for Market Readiness.

Series:

Partnership for Market Readiness Technical Papers.

World Bank e-Library.

Language:

English

Subjects (All):

Air Quality.

Brown Issues and Health.

Climate Change Mitigation and Green House Gases.

Environment.

Fiscal Policy.

Transportation Policy.

Local Subjects:

Air Quality.

Brown Issues and Health.

Climate Change Mitigation and Green House Gases.

Environment.

Fiscal Policy.

Transportation Policy.

Other Title:

Beyond Mitigation

Place of Publication:

Washington, D.C. : The World Bank, 2021.

System Details:

data file

Summary:

Carbon pricing can reduce emissions cost-effectively, and it can also generate a number of other benefits. This guide provides an overview of these benefits to help policy makers advance a variety of sustainable development objectives in their own countries and around the world. Carbon prices are broadly recognized as necessary for correcting market failures that arise from pollution externalities, because the prices paid for using fossil fuels do not come close to compensating society for the costs that greenhouse gas (GHG) emissions impose on society. Where there is a divergence between (externality-based) social costs and private values, carbon pricing is an essential environmental policy tool. The purpose of this guide is to help policy makers identify and measure carbon-pricing benefits. In particular, it provides insights into how to incorporate benefits into computable general equilibrium (CGE) modeling.