Are Climate Change Policies Politically Costly?

Jonathan Ostry, Davide Furceri and Michael Ganslmeier

No 16273, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: 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.

Keywords: Climate change policies; Climate change; Political support; Political cost (search for similar items in EconPapers)
JEL-codes: D72 J65 L43 L51 O43 O47 P16 (search for similar items in EconPapers)
Date: 2021-06
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Related works:
Journal Article: Are climate change policies politically costly? (2023)
Working Paper: Are Climate Change Policies Politically Costly? (2021)
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