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  • 1
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (45 pages)
    Parallel Title: Erscheint auch als Wollburg, Philip The Climate Implications of Ending Global Poverty
    Keywords: Climate Change ; Climate Change Economics ; Co2 Emission Goals ; Environment and Poverty ; Greenhouse Gas Emissions ; Inequality ; Macroeconomics and Economic Growth ; Poverty ; Poverty and Climate Ambitions
    Abstract: Previous studies have explored potential conflicts between ending poverty and limiting global warming, by focusing on the carbon emissions of the world's poorest. This paper instead focuses on economic growth as the driver of poverty alleviation and estimates the emissions associated with the growth needed to eradicate poverty. With this framing, eradicating poverty requires not only increasing the consumption of poor people, but also the consumption of non-poor people in poor countries. Even in this more pessimistic framing, the global emissions increase associated with eradicating extreme poverty is small, at 2.37 gigatonnes of equivalent carbon dioxide in 2050, or 4.9 percent of 2019 global emissions. These additional emissions would not materially affect the global climate change challenge: global emissions would need to be reduced by 2.08 gigatonnes of equivalent carbon dioxide per year, instead of the 2.0 gigatonnes of equivalent carbon dioxide per year needed in the absence of any extreme poverty eradication. Lower inequality, higher energy efficiency, and decarbonization of energy can significantly ease this trade-off: assuming the best historical performance in all countries, the additional emissions for poverty eradication are reduced by 90 percent. Therefore, the need to eradicate extreme poverty cannot be used as a justification for reducing the world's climate ambitions. When trade-offs exist, the eradication of extreme poverty can be prioritized with negligible emissions implications. The estimated emissions of eradicating poverty are 15.3 percent of 2019 emissions with the lower-middle-income poverty line at USD 3.65 per day and or 45.7 percent of 2019 emissions with the USD 6.85 upper-middle-income poverty line. The challenge to align the world's development and climate objectives is not in reconciling extreme poverty alleviation with climate objectives but in providing middle-income standards of living in a sustainable manner
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  • 2
    Language: English
    Pages: 1 Online-Ressource (39 pages)
    Parallel Title: Erscheint auch als Agnolucci, Paolo Measuring Total Carbon Pricing
    Keywords: Carbon Mitigation ; Carbon Tax ; Climate Change Economics ; Emissions Trading ; Fiscal Instrument ; Fossil Fuel Transition ; Fuel Subsidies ; Greenhouse Gas Emission Prices ; Macroeconomics and Economic Growth ; Sustainable Development ; Total Carbon Price
    Abstract: While countries increasingly commit to pricing greenhouse gases directly through carbon taxes or emissions trading systems, indirect forms of carbon pricing-such as fuel excise taxes and fuel subsidy reforms-remain important factors affecting the mitigation incentives in an economy. Taken together, how can policy makers think about the overall price signal for carbon emissions and the incentive it creates This paper develops a methodology for calculating a total carbon price applied to carbon emissions in a sector, fuel, or the whole economy. It recognizes that rarely is a single carbon price applied across an economy; many direct carbon pricing instruments target specific sectors or even fuels, much like indirect taxes on fossil fuels; and carbon and fuel taxes can be substituted one for another. Tracking progress on carbon pricing thus requires following both kinds of price interventions, their coverage, and specific exemptions. This inclusive total carbon pricing measure can facilitate progress in discussions on minimum carbon price commitments and inform assessments of the pricing of carbon embodied in traded goods. Calculations across 142 countries from 1991 to 2021 indicate that although direct carbon pricing now covers roughly a quarter of global emissions, the global total carbon price is not that much higher than it was in 1994 when the United Nations Framework Convention on Climate Change entered into force. Indirect carbon pricing still comprises the lion's share of the global total carbon price, and it has stagnated. Taking these policy measures into account reveals that many developing countries-particularly net fuel importers-contribute substantially to global carbon pricing. Tackling fuel subsidy reform and pricing coal and natural gas emissions more fully would have a profound effect on aligning carbon prices across countries and sectors and with their climate costs
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  • 3
    Language: English
    Pages: 1 Online-Ressource (59 pages)
    Parallel Title: Erscheint auch als Trinh, Trong-Anh Does Global Warming Worsen Poverty and Inequality? An Updated Review
    Keywords: Chronic Poverty ; Climate Change ; Climate Change Economics ; Climate Change Mitigation and Green House Gases ; Environment ; Global Warming ; Inequality ; Macroeconomics and Economic Growth ; Poverty ; Transient Poverty
    Abstract: This paper offers an updated and comprehensive review of recent studies on the impact of climate change, particularly global warming, on poverty and inequality, paying special attention to data sources as well as empirical methods. While studies consistently find negative impacts of higher temperature on poverty across different geographical regions, with higher vulnerability especially in poorer Sub-Saharan Africa, there is inconclusive evidence on climate change impacts on inequality. Further analysis of a recently constructed global database at the subnational unit level derived from official national household income and consumption surveys shows that temperature change has larger impacts in the short term and more impacts on chronic poverty than transient poverty. The results are robust to different model specifications and measures of chronic poverty and are more pronounced for poorer countries. The findings offer relevant inputs into current efforts to fight climate change
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