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The Possibilities For Global Poverty Reduction Using Revenues From Global Carbon Pricing / James B. Davies, Xiaojun Shi, John Whalley.
- Format:
- Book
- Author/Creator:
- Davies, James B.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w16878.
- NBER working paper series no. w16878
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2011.
- Summary:
- Global carbon pricing can yield revenues which are large enough to create significant global pro-poor redistributive opportunities. We analyze alternative multidecade growth trajectories for major global economies with carbon tax rates designed to stabilize emissions in the presence of both continued country growth and autonomous energy use efficiency improvement. In our central case analysis, revenues from globally internalizing carbon pricing rise to 7% and then fall to 5% of gross world product. High growth in India and China is the major equalizing force globally over time, but the incremental redistributive effects that can be achieved using global carbon pricing revenues are large both in absolute and relative terms. Revenues from carbon pricing depend on growth and energy efficiency improvement parameters as well as on the price elasticity of demand for fossil fuels.
- Notes:
- Print version record
- March 2011.
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