Book contents
- The Macroeconomics of Decarbonisation
- Reviews
- The Macroeconomics of Decarbonisation
- Copyright page
- Contents
- Figures
- Tables
- Boxes
- Introduction
- 1 Understanding Deep Decarbonisation over the Long Run
- 2 Understanding Decarbonisation’s Short-Term Disruptions to Economic Activity
- 3 The Distributional Effects of Climate Policy
- 4 Public Finances and Decarbonisation
- 5 Greening Innovation, Industrial and Competition Policies
- 6 Mobilising the Financial System for Decarbonisation
- 7 Decarbonisation and Labour Markets
- 8 Greening Central Banks
- Conclusions
- Index
- References
3 - The Distributional Effects of Climate Policy
Published online by Cambridge University Press: 01 February 2024
Book contents
- The Macroeconomics of Decarbonisation
- Reviews
- The Macroeconomics of Decarbonisation
- Copyright page
- Contents
- Figures
- Tables
- Boxes
- Introduction
- 1 Understanding Deep Decarbonisation over the Long Run
- 2 Understanding Decarbonisation’s Short-Term Disruptions to Economic Activity
- 3 The Distributional Effects of Climate Policy
- 4 Public Finances and Decarbonisation
- 5 Greening Innovation, Industrial and Competition Policies
- 6 Mobilising the Financial System for Decarbonisation
- 7 Decarbonisation and Labour Markets
- 8 Greening Central Banks
- Conclusions
- Index
- References
Summary
This chapter first illustrates the risk of decarbonisation impacting low-income households more than high-income ones, as they devote a larger share of their income to energy consumption and as they face more difficulties in switching to green alternatives. It then discusses which kind of policies can be adopted in order to avoid such risks and to ensure a fair transition with no social and political backlash.
- Type
- Chapter
- Information
- The Macroeconomics of DecarbonisationImplications and Policies, pp. 71 - 108Publisher: Cambridge University PressPrint publication year: 2024
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