Publication:
A Climate-Fiscal Policy Mix to Achieve Türkiye’s Net-Zero Ambition under Feasibility Constraints

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dc.contributor.authorSchoder, Christian
dc.contributor.authorTercioglu, Remzi Baris
dc.date.accessioned2023-08-29T20:37:00Z
dc.date.available2023-08-29T20:37:00Z
dc.date.issued2023-08-29
dc.description.abstractThis paper employs an estimated dynamic stochastic open-economy macro framework to identify policy interventions that allow Türkiye to achieve net-zero emissions by 2053 while respecting important feasibility constraints such as fiscal consolidation and sovereign debt stability as well as compensation of low-income households. The policy mix includes a carbon tax, a renewable energy subsidy, transfer payments, public infrastructure investments, a bad bank for stranded fossil fuel assets, and the phase-out of fossil fuel subsidies and public investment. Although the proposed policy package has only moderate effects on gross domestic product, transition risks involve declining exports and fossil asset stranding. The paper highlights the importance of transparent policy communication and a credible commitment to the net-zero agenda to ensure an orderly transition. Improving the rule of law and access to green finance considerably support the private sector-led low-carbon transition.en
dc.identifierhttp://documents.worldbank.org/curated/en/099828108232316053/IDU0d36718f40735104cfe099c60ab1d82b051da
dc.identifier.doi10.1596/1813-9450-10551
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40295
dc.languageEnglish
dc.language.isoen
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 10551
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectCLIMATE-FISCAL POLICY
dc.subjectNET-ZERO PATHWAY
dc.subjectLOW-CARBON TRANSITION
dc.subjectBAYESIAN ESTIMATION
dc.subjectTÜRKIYE
dc.titleA Climate-Fiscal Policy Mix to Achieve Türkiye’s Net-Zero Ambition under Feasibility Constraintsen
dc.typeWorking Paper
dspace.entity.typePublication
okr.associatedcontenthttps://reproducibility.worldbank.org/index.php/catalog/74 Link to reproducibility package
okr.crossref.titleA Climate-Fiscal Policy Mix to Achieve Türkiye’s Net-Zero Ambition under Feasibility Constraints
okr.date.disclosure2023-08-23
okr.date.doiregistration2025-04-07T08:25:42.538437Z
okr.date.doiregistration2025-04-08T16:12:19.509279Z
okr.date.doiregistration2025-04-09T03:06:56.060506Z
okr.date.doiregistration2025-05-08T06:38:59.375377Z
okr.date.lastmodified2023-08-23T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099828108232316053/IDU0d36718f40735104cfe099c60ab1d82b051da
okr.guid099828108232316053
okr.identifier.docmidIDU-d36718f4-7351-4cfe-99c6-ab1d82b051da
okr.identifier.doi10.1596/1813-9450-10551
okr.identifier.externaldocumentum34149710
okr.identifier.internaldocumentum34149710
okr.identifier.reportWPS10551
okr.import.id1651
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099828108232316053/pdf/IDU0d36718f40735104cfe099c60ab1d82b051da.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.countryTurkiye
okr.topicEnergy::Energy Policies & Economics
okr.topicEnvironment::Carbon Policy and Trading
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.unitEFI Chief Economist Office (EFICE)
okr.unitEFI-MTI-Macro/Fiscal-Tax (EMFTX)
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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