Parry, Ian Shang, Baoping Vernon, Nate Wingender, Philippe
Year of Publication:
CESifo Working Paper 6132
This paper describes a model, implemented in an Excel spreadsheet, for evaluating a wide range of fiscal and regulatory instruments policymakers might consider for implementing their Paris mitigation pledges. Policies are evaluated against a range of metrics, including impacts on carbon dioxide (CO2) emissions, revenue, deaths from local air pollution, economic welfare benefits and costs, and incidence across household and industry groups. The model is applied to China, the world's largest emitter, but could be readily transferred to most other countries.
Paris Agreement carbon tax China air pollution coal tax emissions trading incidence welfare effects spreadsheet model