The International Diffusion of Policies for Climate Change Mitigation

Manuel Linsenmeier, Adil Mohommad and Gregor Schwerhoff

No 2022/115, IMF Working Papers from International Monetary Fund

Abstract: In this paper, we study the international diffusion of carbon pricing policies. In the first part, we empirically examine to what extent the adoption of carbon pricing in a given country can explain the subsequent adoption of the same policy in other countries. In the second part, we quantify the global benefits of policy diffusion in terms of greenhouse gas emission reductions elsewhere. To do so, we combine a large international dataset on carbon pricing with several other datasets. For causal identification, we estimate semi-parametric Cox proportional hazard models. We find robust and statistically significant evidence for policy diffusion.

Keywords: policy diffusion; policy adoption; climate change mitigation policy; pricing policy; small country; Greenhouse gas emissions; Climate policy; Carbon tax; Global; South America; North America (search for similar items in EconPapers)
Pages: 38
Date: 2022-06-03
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2022/115

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