 Role of Fiscal Policy in Climate Change Mitigation in IndiaU. Sankar ()
Chapter Chapter 17 in India’s Contemporary Macroeconomic Themes, 2023, pp 401-419 from Springer Abstract: Abstract There is no consensus on social cost of carbon or marginal abatement cost of greenhouse gases for climate change mitigation, even though greenhouse gases are a global public bad. Some countries use different values of social cost of carbon in deciding policies for climate change mitigation. Using National Action Plan on Climate Change (NAPCC) and nationally determined contributions (NDCs) under the Paris Agreement, India uses sector-specific policies for climate change mitigation. These policies are reviewed and we note that even though these policies helped in achieving the targets they do not raise revenue and may not minimize the aggregate mitigation cost. As 61 countries have adopted carbon tax system or emission trading system, as there are doubts about achieving emission reduction to achieve the 1.5 °C increase in average global temperature by using NDCs by 2030, and as some developed countries which have either carbon tax or emission trading demand border taxes on goods imported from countries which do not have carbon taxes or lower levels of carbon taxes, India may have to prepare for an introduction of the carbon tax system or emission trading system soon. Date: 2023 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-981-99-5728-6_17 Ordering information: This item can be ordered from DOI: 10.1007/978-981-99-5728-6_17 Access Statistics for this chapter More chapters in India Studies in Business and Economics from Springer |
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