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After Paris (Farid et al.)

After Paris: Fiscal, macroeconomic and financial implications of global climate change by Mai Farid, Michael Keen, Michael G. Papaioannou, Ian W. H. Parry, Catherine A. Pattillo and Anna Ter-Martirosyan published by IMF (01/2016) indicated by Alvaro Manoel. “This paper discusses the implications of climate change for fiscal, financial, and macroeconomic policies. Most pressing is the use of carbon taxes (or equivalent trading systems) to implement the emissions mitigation pledges submitted by 186 countries for the December 2015 Paris Agreement while providing revenue for lowering other taxes or debt.”

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