Climate Policy and the Recovery / Michael Keen, Benjamin Jones.

Format:

Book

Government document

Author/Creator:

Keen, Michael.

Contributor:

Jones, Benjamin.

Series:

IMF Staff Position Notes; Staff Position Note ; No. 2009/028

IMF Staff Position Notes

Language:

English

Physical Description:

1 online resource (20 pages)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2009.

Summary:

Negotiations toward a successor to the Kyoto Protocol on climate change have come to a critical point, and domestic climate policies are being developed, as the world seeks to recover from the deepest economic crisis for decades and looks for new sources of sustainable growth. This position paper considers the challenge posed by these two policy imperatives: how to exit from the crisis while developing an effective response to climate change. Blending the objectives of a sustained recovery and effective climate policies presents both challenges and opportunities. Although there are potential “win-win” spending measures conducive to both, the more fundamental linkages and synergies lie in the broader strategies adopted toward each other. Greater climate resilience can promote macroeconomic stability and alleviate poverty; and carbon pricing, essential for mitigation, can contribute to the strengthening of fiscal positions that is expected to be needed in many countries. There are, nevertheless, also difficult trade-offs to face, notably in the somewhat greater caution now warranted in moving to more aggressive emissions pricing. However, the simple policy guidelines for addressing climate issues remain fundamentally unchanged; the need to deploy a range of regulatory, spending, and emissions pricing measures.

Notes:

Description based on print version record.

ISBN:

9781462369348

1462369340

9781452772523

1452772525

9781455220946

1455220949