Short-Term Benefits of Climate Change Policy

Short-Term Benefits of Climate Change Policy / Timothy Taylor, Conversable Economist, 22/09/2014

http://conversableeconomist.blogspot.fr/2014/09/co-benefits-of-climate-change-policy.html

If you’re trying to get someone to start a project with long-run payoff, it’s can be useful to point out that the project also offers clear short run gains. In that spirit, there is a strong case that the world’s leading emitters of carbon should be looking for ways to reduce their use of carbon-based fuel solely for the short term benefits–even before taking the risks of climate change into account. Ian Parry, Chandara Veung, and Dirk Heine make this case in “How Much Carbon Pricing is in Countries’ Own Interests? The Critical Role of Co-Benefits,”  just published as IMF Working Paper WP/14/174. Parry also offers a short and readable write-up of the results  at the IMF blog…


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