The International Diffusion of Policies for Climate Change Mitigation
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Summary:
In this paper, we study the international diffusion of carbon pricing policies. In the first part, we empirically examine to what extent the adoption of carbon pricing in a given country can explain the subsequent adoption of the same policy in other countries. In the second part, we quantify the global benefits of policy diffusion in terms of greenhouse gas emission reductions elsewhere. To do so, we combine a large international dataset on carbon pricing with several other datasets. For causal identification, we estimate semi-parametric Cox proportional hazard models. We find robust and statistically significant evidence for policy diffusion.
Series:
Working Paper No. 2022/115
Subject:
Carbon tax Climate policy Environment Greenhouse gas emissions Taxes
Frequency:
regular
English
Publication Date:
June 3, 2022
ISBN/ISSN:
9798400213090/1018-5941
Stock No:
WPIEA2022115
Pages:
38
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