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Mobilizing domestic resources for the Agenda 2030 via carbon pricing

Author

Listed:
  • Max Franks

    (Member of the Leibniz Association)

  • Kai Lessmann

    (Member of the Leibniz Association
    Mercator Research Institute on Global Commons and Climate Change (MCC))

  • Michael Jakob

    (Mercator Research Institute on Global Commons and Climate Change (MCC))

  • Jan Christoph Steckel

    (Member of the Leibniz Association
    Mercator Research Institute on Global Commons and Climate Change (MCC)
    Technische Universität Berlin)

  • Ottmar Edenhofer

    (Member of the Leibniz Association
    Mercator Research Institute on Global Commons and Climate Change (MCC)
    Technische Universität Berlin)

Abstract

The twenty-first century is characterized by an underprovision of basic public goods, such as public health, education, infrastructure and so on, and an overuse of the atmosphere as disposal space for greenhouse gases. Carbon pricing could address both problems simultaneously: a transition from negative carbon prices (fossil fuel subsidies) to positive levels could generate revenues to finance progress towards the Sustainable Development Goals. Given the scarcity of private sources of finance in many lower-income countries, carbon pricing could be a particularly attractive policy option. Our analysis identifies countries where domestic revenues from carbon pricing consistent with the 2 °C target could contribute substantially to financing the Sustainable Development Goals.

Suggested Citation

  • Max Franks & Kai Lessmann & Michael Jakob & Jan Christoph Steckel & Ottmar Edenhofer, 2018. "Mobilizing domestic resources for the Agenda 2030 via carbon pricing," Nature Sustainability, Nature, vol. 1(7), pages 350-357, July.
    • Handle: RePEc:nat:natsus:v:1:y:2018:i:7:d:10.1038_s41893-018-0083-3
    DOI: 10.1038/s41893-018-0083-3
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    Citations

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    Cited by:

    1. Ordonez, Jose Antonio & Jakob, Michael & Steckel, Jan Christoph & Ward, Hauke, 2023. "India's just energy transition: Political economy challenges across states and regions," Energy Policy, Elsevier, vol. 179(C).
    2. Ottmar Edenhofer & Max Franks & Matthias Kalkuhl, 2021. "Pigou in the 21st Century: a tribute on the occasion of the 100th anniversary of the publication of The Economics of Welfare," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(5), pages 1090-1121, October.
    3. Malerba, Daniele, 2022. "Just transitions: A review of how to decarbonise energy systems while addressing poverty and inequality reduction," IDOS Discussion Papers 6/2022, German Institute of Development and Sustainability (IDOS).
    4. Franks, Max & Lessmann, Kai, 2023. "Tax competition with asymmetric endowments in fossil resources," Resources Policy, Elsevier, vol. 83(C).
    5. David Klenert & Franziska Funke & Linus Mattauch & Brian O’Callaghan, 2020. "Five Lessons from COVID-19 for Advancing Climate Change Mitigation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(4), pages 751-778, August.
    6. Thomas Sterner & Richard T. Carson & E. Somanathan & Dale Whittington & Jorge Bonilla & Haileselassie et al. Medhin, 2020. "Funding Inclusive Green Transition through Greenhouse Gas Pricing," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 18(01), pages 03-08, April.
    7. Dorband, Ira Irina & Jakob, Michael & Kalkuhl, Matthias & Steckel, Jan Christoph, 2019. "Poverty and distributional effects of carbon pricing in low- and middle-income countries – A global comparative analysis," World Development, Elsevier, vol. 115(C), pages 246-257.
    8. Francesco Cappa & Federica Rosso & Antonio Capaldo, 2020. "Visitor-Sensing: Involving the Crowd in Cultural Heritage Organizations," Sustainability, MDPI, vol. 12(4), pages 1-14, February.
    9. Di Feng & Shang-chia Chiou & Feng Wang, 2021. "On the Sustainability of Local Cultural Heritage Based on the Landscape Narrative: A Case Study of Historic Site of Qing Yan Yuan, China," Sustainability, MDPI, vol. 13(5), pages 1-31, March.
    10. Galinato, Gregmar I. & Hyland, Marie & Islam, Asif M., 2022. "Does corporate social responsibility benefit society? Evidence from Latin America," Emerging Markets Review, Elsevier, vol. 53(C).
    11. Tomás, Manuel & García-Muros, Xaquín & Alonso-Epelde, Eva & Arto, Iñaki & Rodríguez-Zúñiga, Alejandro & Monge, Cristina & González-Eguino, Mikel, 2023. "Ensuring a just energy transition: A distributional analysis of diesel tax reform in Spain with stakeholder engagement," Energy Policy, Elsevier, vol. 177(C).
    12. Jan C. Steckel & Ira I. Dorband & Lorenzo Montrone & Hauke Ward & Leonard Missbach & Fabian Hafner & Michael Jakob & Sebastian Renner, 2021. "Distributional impacts of carbon pricing in developing Asia," Nature Sustainability, Nature, vol. 4(11), pages 1005-1014, November.

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