Are Climate Change Policies Politically Costly? /

Are policies designed to avert climate change (Climate Change Policies, or CCPs) politically costly? Using data on governmental popular support and the OECD's Environmental Stringency Index, we find that CCPs are not necessarily politically costly: policy design matters. First, only market-base...

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Hlavní autor: Furceri, Davide
Další autoři: Ganslmeier, Michael, Ostry, Jonathan
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2021.
Edice:IMF Working Papers; Working Paper ; No. 2021/156
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On-line přístup:Full text available on IMF
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Shrnutí:Are policies designed to avert climate change (Climate Change Policies, or CCPs) politically costly? Using data on governmental popular support and the OECD's Environmental Stringency Index, we find that CCPs are not necessarily politically costly: policy design matters. First, only market-based CCPs (such as emission taxes) generate negative effects on popular support. Second, the effects are muted in countries where non-green (dirty) energy is a relatively small input into production. Third, political costs are not significant when CCPs are implemented during periods of low oil prices, generous social insurance and low inequality.
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Fyzický popis:1 online resource (52 pages)
Médium:Mode of access: Internet
ISSN:1018-5941
Přístup:Electronic access restricted to authorized BRAC University faculty, staff and students