EconPapers    
Economics at your fingertips  
 

Mitigation Policies for the Paris Agreement: An Assessment for G20 Countries

Ian Parry, Victor Mylonas and Nate Vernon

Journal of the Association of Environmental and Resource Economists, 2021, vol. 8, issue 4, 797 - 823

Abstract: This paper provides a quantitative assessment of carbon pricing and other mitigation policies for G20 countries in 2030. Emissions prices implicit in countries’ Paris Agreement pledges vary from above $70 per ton of CO2 in eight countries to less than $35 in seven countries. A $70 carbon price raises revenues of 1.5% of GDP or more for most countries. The efficiency costs of a $70 carbon price are typically well below 1% of GDP while domestic environmental cobenefits (e.g., reductions in air pollution deaths) typically offset, or greatly exceed, efficiency costs. The emissions and fiscal benefits of other policies (e.g., partial pricing, taxes on individual fuels) are generally well below those of comprehensive pricing, although coal taxes are relatively effective in some cases. A combination of measures to improve energy efficiency and lower power generation emission rates has an effectiveness of around 60%–75% relative to comprehensive carbon pricing.

Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://dx.doi.org/10.1086/713147 (application/pdf)
http://dx.doi.org/10.1086/713147 (text/html)
Access to the online full text or PDF requires a subscription.

Related works:
Working Paper: Mitigation Policies for the Paris Agreement: An Assessment for G20 Countries (2018) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:jaerec:doi:10.1086/713147

Access Statistics for this article

More articles in Journal of the Association of Environmental and Resource Economists from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().

 
Page updated 2025-03-20
Handle: RePEc:ucp:jaerec:doi:10.1086/713147