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Economic and Environmental Impacts of Raising Revenues for Climate Finance from Public Sources

Author

Listed:
  • Christoph Boehringer

    () (University of Oldenburg, Department of Economics)

  • Jan Schneider

    () (University of Oldenburg, Department of Economics)

  • Marco Springmann

    () (University of Oldenburg, Department of Economics)

Abstract

In response to anthropogenic climate change, developed countries have committed themselves to raise 100 billion USD a year from 2020 onwards for addressing the needs of developing countries. In this paper, we investigate the economic and CO2 emission impacts of four alternative options for raising climate funds from public sources in developed countries: CO2 emission prices, wires charges on electricity consumption, a tax on international transport services, and the removal of fossil fuel subsidies. We find that these four options do not only induce very different global costs to raise given amounts of climate funds but have quite diverging implications for the cost incidence between developed and developing countries. Likewise, the global CO2 emission impacts of alternative fund-raising policies differ a lot.

Suggested Citation

  • Christoph Boehringer & Jan Schneider & Marco Springmann, 2017. "Economic and Environmental Impacts of Raising Revenues for Climate Finance from Public Sources," Working Papers V-406-17, University of Oldenburg, Department of Economics, revised Nov 2017.
    • Handle: RePEc:old:dpaper:406
    as

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    File URL: http://www.uni-oldenburg.de/fileadmin/user_upload/wire/fachgebiete/vwl/V-406-17.pdf
    File Function: First version, 2017
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    References listed on IDEAS

    as
    1. Angel Aguiar & Badri Narayanan & Robert McDougall, 2016. "An Overview of the GTAP 9 Data Base," Journal of Global Economic Analysis, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, vol. 1(1), pages 181-208, June.
    2. Krichene, Noureddine, 2002. "World crude oil and natural gas: a demand and supply model," Energy Economics, Elsevier, vol. 24(6), pages 557-576, November.
    3. Böhringer, Christoph & Balistreri, Edward J. & Rutherford, Thomas F., 2012. "The role of border carbon adjustment in unilateral climate policy: Overview of an Energy Modeling Forum study (EMF 29)," Energy Economics, Elsevier, vol. 34(S2), pages 97-110.
    4. Branger, Frédéric & Quirion, Philippe, 2014. "Would border carbon adjustments prevent carbon leakage and heavy industry competitiveness losses? Insights from a meta-analysis of recent economic studies," Ecological Economics, Elsevier, vol. 99(C), pages 29-39.
    5. Graham, Paul & Thorpe, Sally & Hogan, Lindsay, 1999. "Non-competitive market behaviour in the international coking coal market," Energy Economics, Elsevier, vol. 21(3), pages 195-212, June.
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    More about this item

    Keywords

    climate finance; computable general equilibrium; green climate fund;

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