COVID-19

Pages tagged by "#climate policy"

Climate policies and external adjustment

This paper assesses the economic effects of global climate policies on external adjustment. Various climate policies could have substantially different impacts on external balances over the next decade. A credible and globally coordinated carbon tax would decrease current account balances in greener advanced economies and increase current accounts in more fossil-fuel-dependent regions, reflecting a disproportionate decline in investment for the latter group. Global interest rates would fall over time with increases in the carbon tax due to the fall in global investment.

Asia & the Pacific Policy Studies
APPS Policy Forum logo
Development Policy Blog
Solutions
East Asia Forum

Updated:  5 November 2024/Responsible Officer:  Crawford Engagement/Page Contact:  CAP Web Team