Publication: Beyond Mitigation: Quantifying the Development Benefits of Carbon Pricing
Date
2021-05-26
ISSN
Published
2021-05-26
Author(s)
Partnership for Market Readiness
Abstract
Carbon pricing can reduce emissions
cost-effectively, and it can also generate a number of other
benefits. This guide provides an overview of these benefits
to help policy makers advance a variety of sustainable
development objectives in their own countries and around the
world. Carbon prices are broadly recognized as necessary for
correcting market failures that arise from pollution
externalities, because the prices paid for using fossil
fuels do not come close to compensating society for the
costs that greenhouse gas (GHG) emissions impose on society.
Where there is a divergence between (externality-based)
social costs and private values, carbon pricing is an
essential environmental policy tool. The purpose of this
guide is to help policy makers identify and measure
carbon-pricing benefits. In particular, it provides insights
into how to incorporate benefits into computable general
equilibrium (CGE) modeling.
Link to Data Set
Citation
“Partnership for Market Readiness. 2021. Beyond Mitigation: Quantifying the Development Benefits of Carbon Pricing. © Washington, DC: World Bank. http://hdl.handle.net/10986/35624 License: CC BY 3.0 IGO.”