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Within Reach: Navigating the Political Economy of Decarbonization

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dc.contributor.authorHallegatte, Stéphane
dc.contributor.authorGodinho, Catrina
dc.contributor.authorRentschler, Jun
dc.contributor.authorAvner, Paolo
dc.contributor.authorDorband, Ira Irina
dc.contributor.authorKnudsen, Camilla
dc.contributor.authorLemke, Jana
dc.contributor.authorMealy, Penny
dc.date.accessioned2023-11-13T17:36:50Z
dc.date.available2023-11-13T17:36:50Z
dc.date.issued2023-11-16
dc.description.abstractDespite global commitments made through the Paris Agreement in 2015 to combat climate change, their translation into national policies has been slow, raising concerns about the feasibility of achieving climate targets. While policies face many obstacles, the political economy is one of the primary impediments to climate action, and urgency to reduce emissions makes slow and gradual approach increasingly insufficient. The report attempts to identify key political economy barriers and explore options to address them through the 4i Framework, considering how institutions, interests, ideas, and influence affect the political economy. The report offers a practical guide to help countries address political economy barriers when implementing climate policies with three prongs: (1) Climate Governance: governments can adapt their institutional framework, in ways that fit with the pre-existing political economy and moving from opportunistic and unstable to strategic and stable climate institutions. Establishing strategic climate governance institutions – such as climate change framework laws, long-term strategies, or just transition frameworks - can alter the political economy, set clear objectives, improve coordination across actors, and improve the ability to monitor progress and hold decisionmakers accountable. (2) Policy Sequencing: policies can be prioritized and sequenced based on dynamic efficiency, considering not only the economic costs and benefits, but also their feasibility and long-term impact on the political economy. The Climate Policy Feasibility Frontier tool can help identify policies that can overcome short-term political economy obstacles, and at the same time improve capacities and change the political economy to facilitate further climate action. (3) Policy Design and Engagement, considers the effective implementation of climate reforms by tactically navigating political economy constraints. This involves engaging citizens to create process legitimacy and reducing and managing distributional effects, not only across but also within income groups.
dc.identifierhttps://documents.worldbank.org/en/publication/documents-reports/documentdetail/099010524135583549
dc.identifier.doi10.1596/978-1-4648-1953-7
dc.identifier.isbn978-1-4648-1953-7 (paper)
dc.identifier.isbn978-1-4648-1954-4 (electronic)
dc.identifier.otherLibrary of Congress Control Number: 2023919988
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40601
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesClimate Change and Development Series
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectPOLITICAL ECONOMY
dc.subjectDECARBONIZATION
dc.subjectCLIMATE GOVERNANCE
dc.subjectINSTITUTIONAL CONTEXT
dc.subjectTRANSITION
dc.subjectCLIMATE POLICIES
dc.subjectDISTRIBUTIONAL EFFECTS
dc.subjectPUBLIC ENGAGEMENT
dc.subject4I Framework
dc.titleWithin Reachen
dc.title.subtitleNavigating the Political Economy of Decarbonization
dc.typeBook
dspace.entity.typePublication
okr.date.disclosure2023-11-16
okr.doctypePublications & Research
okr.doctypePublications & Research::Publication
okr.docurlhttps://documents.worldbank.org/en/publication/documents-reports/documentdetail/099010524135583549
okr.guid099010524135583549
okr.identifier.docmidP176691
okr.identifier.doi10.1596/978-1-4648-1953-7
okr.identifier.report186809
okr.language.supporteden
okr.topicMacroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.topicEnvironment::Environmental Governance
okr.topicGovernance::Legislation
okr.topicPublic Sector Development::Climate Change Policy and Regulation
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