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220928 ||| eng |
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|a 9781513585765
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| 100 |
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|a Barrett, Philip
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| 245 |
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0 |
|a Can International Technological Diffusion Substitute for Coordinated Global Policies to Mitigate Climate Change?
|c Philip Barrett
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2021
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| 300 |
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|a 76 pages
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| 651 |
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4 |
|a China, People's Republic of
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| 653 |
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|a Environmental Conservation and Protection
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| 653 |
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|a Environmental Economics
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Financial sector policy and analysis
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| 653 |
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|a Taxes
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| 653 |
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|a Climate
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| 653 |
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|a Climate change
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| 653 |
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|a Environmental Taxes and Subsidies
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| 653 |
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|a Carbon tax
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| 653 |
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|a Climate policy
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| 653 |
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|a Economics of specific sectors
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| 653 |
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|a Environmental Economics: Government Policy
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| 653 |
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|a Greenhouse gas emissions
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| 653 |
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|a Currency crises
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| 653 |
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|a Business Taxes and Subsidies
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| 653 |
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|a Global Warming
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
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| 653 |
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|a Taxation and Subsidies: Externalities
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| 653 |
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|a Taxation
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| 653 |
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|a Greenhouse gases
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| 653 |
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|a Environmental policy
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| 653 |
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|a Climatic changes
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| 653 |
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|a International finance
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| 653 |
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|a Economic & financial crises & disasters
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| 653 |
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|a Environmental Policy
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| 653 |
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|a Externalities
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| 653 |
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|a Environmental policy & protocols
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| 653 |
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|a Natural Disasters and Their Management
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| 653 |
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|a Environment
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| 653 |
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|a Environmental impact charges
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| 653 |
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|a Economics: General
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| 653 |
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|a Informal sector; Economics
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| 653 |
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|a Spillovers
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| 653 |
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|a Excise taxes
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| 653 |
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|a International Policy Coordination and Transmission
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| 653 |
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|a Redistributive Effects
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9781513585765.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2021/173/001.2021.issue-173-en.xml?cid=460902-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a In short, yes. I use a multi-region integrated assessment model with fuel-specific endogenous technical change to examine the impact of Europe and China reducing emissions to zero by mid-century. Without international technological diffusion this is insufficient to avoid catastrophic climate change. But when innovation can diffuse overseas, long-run temperature increases are limited to 3 degrees. This occurs because policy not only encourages green innovations but also dissuades dirty innovations which would otherwise spread. The most effective policy package in emissions-reducing regions is a research subsidy funded by a carbon tax, driven in the short term by the direct effect of the carbon tax on the composition of energy, and later by innovation induced by research subsidies. Green production subsidies are ineffective because they undermine incentives for innovation
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