The possibilities for global poverty reduction using revenues from global carbon pricing
By: James B. Davies, Xiaojun Shi, John Whalley
Contributors: Shi, Xiaojun; Whalley, John; National Bureau of Economic Research
Series: NBER working paper series -- working paper 16878; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16878.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "Global carbon pricing can yield revenues which are large enough to create significant global pro-poor redistributive opportunities.  We analyze alternative multidecade growth trajectories for major global economies with carbon tax rates designed to stabilize emissions in the presence of both continued country growth and autonomous energy use efficiency improvement.  In our central case analysis, revenues from globally internalizing carbon pricing rise to 7% and then fall to 5% of gross world product.  High growth in India and China is the major equalizing force globally over time, but the incremental redistributive effects that can be achieved using global carbon pricing revenues are large both in absolute and relative terms.  Revenues from carbon pricing depend on growth and energy efficiency improvement parameters as well as on the price elasticity of demand for fossil fuels"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 6/2/2011.

Includes bibliographical references.

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