Fiscal Implications of Climate Change

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collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Jones, Benjamin
dc.contributor.author
Keen, Michael
dc.contributor.author
Strand, Jon
dc.date.accessioned
2012-03-19T17:28:57Z
dc.date.available
2012-03-19T17:28:57Z
dc.date.issued
2012-01-01
dc.date.lastModified
2017-12-14T04:06:25Z
dc.description.abstract
This paper provides a primer on the fiscal implications of climate change, in particular the policies for responding to it. Many of the complicated challenges that arise in limiting climate change (through greenhouse gas emissions mitigation), and in dealing with the effects that remain (through adaptation to climate change impacts), are of a fiscal nature. While mitigation has the potential to raise substantial public revenue (through charges on greenhouse gas emissions), adaptation largely leads to fiscal outlays. Policies may unduly favor public spending (on technological solutions to limit emissions, and on adaptation), over policies that lead to more public revenue being raised (emissions charges). The pervasive uncertainties that surround climate change make the design of proper policy responses even more complex. This applies especially to policies for mitigation of emissions, since agreement on and international enforcement of cooperative abatement policies are exceedingly difficult to achieve, and there is as yet no common view on how to compare nearer-term costs of mitigation to longer-term benefits.
en
dc.identifier
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20120119135947
dc.identifier.uri
http://hdl.handle.net/10986/3241
dc.language
English
dc.relation.ispartofseries
Policy Research working paper ; no. WPS 5956
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ABATEMENT COSTS
dc.subject
ABATEMENT POLICIES
dc.subject
ABSORPTION
dc.subject
ADAPTATION FUND
dc.subject
ADAPTATION TO CLIMATE CHANGE
dc.subject
ADVERSE IMPACT
dc.subject
AGGREGATE DEMAND
dc.subject
AGGREGATE EMISSIONS
dc.subject
AIR
dc.subject
ALLOCATION
dc.subject
ALLOWANCES
dc.subject
ALUMINUM
dc.subject
ANNUAL EMISSION
dc.subject
APPROACH
dc.subject
ATMOSPHERIC CONCENTRATIONS
dc.subject
BALANCE
dc.subject
BARREL OF OIL
dc.subject
BASELINE EMISSIONS
dc.subject
BURNING FOSSIL FUELS
dc.subject
CAPITAL GAINS
dc.subject
CAPS
dc.subject
CARBON
dc.subject
CARBON CAPTURE
dc.subject
CARBON CREDITS
dc.subject
CARBON EMISSIONS
dc.subject
CARBON MARKET
dc.subject
CARBON MARKETS
dc.subject
CARBON PRICE
dc.subject
CARBON PRICES
dc.subject
CARBON PRICING
dc.subject
CARBON SEQUESTRATION
dc.subject
CARBON TAX
dc.subject
CARBON TAX REGIMES
dc.subject
CARBON TAXES
dc.subject
CATASTROPHIC EVENTS
dc.subject
CHEMICALS
dc.subject
CLEAN DEVELOPMENT
dc.subject
CLEAN DEVELOPMENT MECHANISM
dc.subject
CLIMATE
dc.subject
CLIMATE CHANGE
dc.subject
CLIMATE CHANGE IMPACTS
dc.subject
CLIMATE CHANGES
dc.subject
CLIMATE DAMAGE
dc.subject
CLIMATE DAMAGES
dc.subject
CLIMATE EFFECTS
dc.subject
CLIMATE OBJECTIVES
dc.subject
CLIMATE POLICY
dc.subject
CLIMATES
dc.subject
CO
dc.subject
CO2
dc.subject
COAL
dc.subject
COAL RESERVES
dc.subject
COASTAL AREAS
dc.subject
COASTAL ZONES
dc.subject
CONSUMER PRICE
dc.subject
CONVENTIONAL TECHNOLOGIES
dc.subject
CONVERGENCE
dc.subject
COST OF ABATEMENT
dc.subject
CUTTING EMISSIONS
dc.subject
DAMAGES
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DEFORESTATION
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DIESEL
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DIFFUSION
dc.subject
DISCOUNT RATE
dc.subject
DISTRIBUTIONAL EFFECTS
dc.subject
DOMESTIC HEATING
dc.subject
DROUGHT
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DROUGHT INSURANCE
dc.subject
ECONOMIC ANALYSIS
dc.subject
ECONOMIC IMPACT
dc.subject
ECONOMIC IMPACTS
dc.subject
ECONOMICS OF CLIMATE CHANGE
dc.subject
ELASTICITY OF DEMAND
dc.subject
ELASTICITY OF SUBSTITUTION
dc.subject
ELECTRICITY
dc.subject
ELECTRICITY GENERATION
dc.subject
ELECTRICITY PRODUCERS
dc.subject
EMISSION
dc.subject
EMISSION REDUCTION
dc.subject
EMISSION RIGHTS
dc.subject
EMISSIONS FROM DEFORESTATION
dc.subject
EMISSIONS FROM TRANSPORTATION
dc.subject
EMISSIONS INTENSITY
dc.subject
EMISSIONS LIMITS
dc.subject
EMISSIONS PRICES
dc.subject
EMISSIONS QUOTA
dc.subject
EMISSIONS REDUCTION
dc.subject
EMISSIONS REDUCTIONS
dc.subject
EMISSIONS RIGHTS
dc.subject
EMPLOYMENT
dc.subject
ENERGY CONSUMPTION
dc.subject
ENERGY EFFICIENCY
dc.subject
ENERGY INTENSIVE
dc.subject
ENERGY MARKETS
dc.subject
ENERGY POLICY
dc.subject
ENERGY PRICE
dc.subject
ENERGY PRICES
dc.subject
ENERGY SECURITY
dc.subject
ENERGY SUBSIDIES
dc.subject
ENERGY TAXES
dc.subject
ENERGY USE
dc.subject
ENVIRONMENTAL DAMAGE
dc.subject
ENVIRONMENTAL PROTECTION
dc.subject
ENVIRONMENTAL PROTECTION AGENCY
dc.subject
EXTREME EVENTS
dc.subject
EXTREME WEATHER
dc.subject
EXTREME WEATHER EVENTS
dc.subject
FAT TAILS
dc.subject
FEASIBILITY
dc.subject
FINANCIAL FLOWS
dc.subject
FINANCIAL INFLOWS
dc.subject
FISCAL POLICIES
dc.subject
FOREST
dc.subject
FOREST CARBON
dc.subject
FORESTRY
dc.subject
FOSSIL
dc.subject
FOSSIL ENERGY
dc.subject
FOSSIL FUEL
dc.subject
FOSSIL FUEL DEMAND
dc.subject
FOSSIL FUEL PRICES
dc.subject
FOSSIL FUEL PRODUCERS
dc.subject
FOSSIL FUEL USE
dc.subject
FOSSIL FUELS
dc.subject
FREE ALLOCATION
dc.subject
FUEL DEMAND
dc.subject
FUEL EXTRACTION
dc.subject
FUEL PRICE
dc.subject
FUEL PRICES
dc.subject
FUEL PRICING
dc.subject
FUEL SUPPLY
dc.subject
FUEL TYPE
dc.subject
FUTURE CONSUMPTION
dc.subject
GAS RESERVES
dc.subject
GASOLINE
dc.subject
GASOLINE PRICES
dc.subject
GASOLINE TAX
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GASOLINE TAX RATE
dc.subject
GENERAL EQUILIBRIUM MODEL
dc.subject
GHG
dc.subject
GHGS
dc.subject
GLOBAL CARBON EMISSIONS
dc.subject
GLOBAL EMISSIONS
dc.subject
GLOBAL WARMING
dc.subject
GREEN TECHNOLOGIES
dc.subject
GREENHOUSE
dc.subject
GREENHOUSE GAS
dc.subject
GREENHOUSE GAS EMISSIONS
dc.subject
GREENHOUSE GAS EMISSIONS MITIGATION
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GREENHOUSE GASES
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HARMFUL EMISSIONS
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HIGHER ENERGY PRICES
dc.subject
HURRICANE
dc.subject
IMPORTS
dc.subject
INCOME
dc.subject
INCOME TAX CREDIT
dc.subject
INSURANCE
dc.subject
INSURANCE SCHEMES
dc.subject
INTERNATIONAL ENERGY AGENCY
dc.subject
INVESTMENT DECISIONS
dc.subject
IPCC
dc.subject
IRON
dc.subject
KEROSENE
dc.subject
LEVEL OF EMISSIONS
dc.subject
LOWER DISCOUNT RATE
dc.subject
LUMP SUM
dc.subject
LUMP SUM TRANSFERS
dc.subject
MARGINAL ABATEMENT
dc.subject
MARGINAL COST
dc.subject
MARGINAL UTILITY
dc.subject
MARKET FAILURE
dc.subject
MARKET FAILURES
dc.subject
MARKET INTEREST RATE
dc.subject
METALS
dc.subject
MITIGATING CLIMATE CHANGE
dc.subject
MONETARY FUND
dc.subject
MORAL HAZARD
dc.subject
NITROUS OXIDES
dc.subject
NUCLEAR POWER
dc.subject
OCEANS
dc.subject
OIL
dc.subject
OIL PRODUCERS
dc.subject
OIL PRODUCTION
dc.subject
OXIDES
dc.subject
PARTICULATES
dc.subject
PER CAPITA EMISSION
dc.subject
PERFORMANCE STANDARD
dc.subject
PERFORMANCE STANDARDS
dc.subject
PERMIT PRICE
dc.subject
PETROLEUM
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PETROLEUM PRODUCTS
dc.subject
PHYSICS
dc.subject
PLANT GROWTH
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POLLUTANTS
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PRECAUTIONARY PRINCIPLE
dc.subject
PRECIPITATION
dc.subject
PRESENT VALUE
dc.subject
PRICE OF ENERGY-INTENSIVE GOODS
dc.subject
PRICE VOLATILITY
dc.subject
PRICES OF ENERGY
dc.subject
PRODUCERS OF ENERGY
dc.subject
PUBLIC ECONOMICS
dc.subject
PUBLIC SPENDING
dc.subject
RADIATION
dc.subject
REDUCTION IN EMISSIONS
dc.subject
REGIONAL GREENHOUSE GAS INITIATIVE
dc.subject
RENEWABLE ENERGY
dc.subject
REVENUE RECYCLING
dc.subject
SCENARIOS
dc.subject
SEQUESTRATION TECHNOLOGIES
dc.subject
SHIPS
dc.subject
STORMS
dc.subject
SUBSTITUTION
dc.subject
SUPPLY SIDE
dc.subject
TAX CREDITS
dc.subject
TAX INTERACTION
dc.subject
TAX POLICIES
dc.subject
TAX RATES
dc.subject
TAX REVENUE
dc.subject
TAX REVENUES
dc.subject
TEMPERATURE
dc.subject
TIGHTER CAP
dc.subject
TOTAL EMISSIONS
dc.subject
TRADABLE ALLOWANCES
dc.subject
UNCERTAINTIES
dc.subject
UTILITIES
dc.subject
UTILITY BILLS
dc.subject
WASTE
dc.subject
WELFARE LOSSES
dc.subject
WIND
dc.subject
WIND SPEEDS
dc.subject
WINDFALL PROFITS
dc.title
Fiscal Implications of Climate Change
en
okr.date.disclosure
2012-01-01
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.docurl
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20120119135947
okr.globalpractice
Energy and Extractives
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-5956
okr.identifier.externaldocumentum
000158349_20120119135947
okr.identifier.internaldocumentum
15645318
okr.identifier.report
WPS5956
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/01/19/000158349_20120119135947/Rendered/PDF/WPS5956.pdf
en
okr.region.administrative
The World Region
okr.region.administrative
The World Region
okr.topic
Energy :: Energy Production and Transportation
okr.unit
Development Research Group (DECRG)
okr.volume
1 of 1

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