»Eine CO2-Steuer kann Emissionen wirksam reduzieren«

Papier des Internationalen Währungsfonds, 1.5.2019 (engl. Originalfassung)

On March 18, 2019, the Executive Board of the International Monetary Fund (IMF) discussed a paper providing country-level guidance on the role, and design of, fiscal policies for implementing climate mitigation strategies that countries have submitted for the 2015 Paris Agreement and for addressing vulnerabilities in disaster-prone countries.

Directors broadly recognized the potential of carbon pricing in effectively reducing emissions and mobilizing revenue resources. Directors noted, however, that other fiscal instruments or regulatory measures could also have an important, and sometimes preferable, role to play, depending on country circumstances and preferences. They agreed that countries’ policy choices would need to take into account various aspects, including efficiency, distributional, and political economy considerations. In this context, some Directors observed that member countries should have discretion to decide and implement policy options as they see appropriate. Directors considered that further analysis of the full range of mitigation instruments would be important to better inform the debate. They also noted that research and development (R&D) and investment in new energy and efficient technologies could play an important role in mitigation efforts, while measures would be needed to relieve vulnerable groups. Regarding carbon price floors, many Directors thought that such arrangements among willing countries could reinforce the Paris process, but some other Directors did not see merit or feasibility in this approach.

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