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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Bibliographic Details
Main Author: Furceri, Davide
Other Authors: Ganslmeier, Michael, Ostry, Jonathan
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2021.
Series:IMF Working Papers; Working Paper ; No. 2021/156
Subjects:
Online Access:Full text available on IMF
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520 3 |a 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. 
538 |a Mode of access: Internet 
650 7 |a Climate  |2 imf 
650 7 |a Environmental Economics  |2 imf 
650 7 |a Foreign Exchange  |2 imf 
650 7 |a Informal Economy  |2 imf 
650 7 |a Underground Econom  |2 imf 
700 1 |a Ganslmeier, Michael. 
700 1 |a Ostry, Jonathan. 
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