"Revenue Management" Effects Related to Financial Flows Generated by Climate Policy

Strand, Jon

"Revenue Management" Effects Related to Financial Flows Generated by Climate Policy

2009

Strand, Jon

This paper discusses possible macroeconomic implications for low-income countries of increased revenue inflows that may follow from implementing certain global greenhouse gas mitigation policies. Such revenue sources include revenue from emissions offset mechanisms, direct investments, and financial transfers that form parts of possible future mitigation treaties. In the short run such revenue will come mainly from offset markets and donor-sponsored programs, with some additional financial inflows due to foreign direct investments. In the longer run, comprehensive global cap-and-trade or carbon tax schemes could provide a potentially much larger revenue flow to many low-income countries. The author argues that the macroeconomic implications of such flows are manageable in the short run, but the larger revenues resulting from global emissions schemes could overwhelm this capacity and lead to a number of potential macroeconomic management problems.

Afficher plus [+]

Mots clés AGROVOC

agriculture allocation balance of payments capacity building capital market cash transfers climate climate change corruption debt developing countries development projects domestic production economic development economic growth emissions trading energy efficiency exchange rate expenditure exports extreme weather events food prices food production foreign investment government purchases growth rate human capital import substitution imports income income distribution inflation instrument insurance interest rates international bank investment funds levy liability liquidity macroeconomics natural resources remittances renewable energy returns rule of law savings taxation treaties

Informations bibliographiques

Editeur

World Bank, Washington, DC

D'autres materias

Domestic market; International finance; Financial transfers; Capital inflow; Money market; Savings rate; Government budget; Fiscal policy; Environmental sustainability; Carbon trading; International financial markets; Development assistance; Domestic exchange; Political stability; Political economy; Capital stock; Public funds; Government deficit; Clean technologies; Infrastructure investments; Gdp per capita; Global economy; Growth potential; Market trading; Capital mobility; Flexible exchange rate regime; Capital market regulations; Investment projects; Macroeconomic policy; Labor productivity; Secondary trading; Climate policy; Financial inflow; Fixed exchange rate; Market finance; Deadweight losses; Corporate investment; Aid effectiveness; Trading; Flexible exchange rate; Reserves; Adaptation financing; Central bank; Inflation rate; Tax; Swap; Economic activity; Institutional capacity; Open market; Governance index; Export sectors; Discount rate; Inflationary pressures; Host country; International reserves; Disbursement; Macroeconomic management; Money supply; Host economy; Trading volumes; Loss of revenue; Inflationary pressure; Transaction; Currency; Commodity; Government spending; Growth rates; Treasury; Secondary-market; Buying power; Open market economy; Real exchange rate; Natural resource; Transition economies; Financing requirements; Effect of governance; Source of funds; Hurricane; Return; Monetary policy; Carbon price; External financing; Tax rates; Development paths; Foreign exchange; Foreign exchange reserves; Tax policy; Excise taxes; Currency appreciation; Emissions; Incomes; Outside assistance; Financial flows; Relative price; Technical assistance; Differential tax treatment; Carbon tax; Disbursements; Rate of unemployment; Expenditures; Tax burden; Financing need; External funds; Structural problem; Negative income shocks; Foreign direct investments; Foreign currencies; Transparency; Tax policies; Damage from hurricanes; Abatement; Factors of production; Governance issues; Harmonization; Remittance; Trading value; Deficit spending; Climate change science program; Financial inflows; Tax rate; Financial exposure; Foreign funds; Good governance; Marginal cost; Uncertainties; Exchange rate regime; Damages; Financial development; Market economy; Technology transfers; Formal economy; Inefficiency; Transaction cost; Financing needs; Corporate tax rates; Exchange rates; Beneficiary; Direct investments; Rent seeking; Income taxes; Interest rate; Profit seeking; Policy response; Country risk; Debt level; Foreign direct investment; Low-income country; Low-income countries; Bond; Foreign currency; Gdp; Treasury bills; Positive effects; Government bonds; Corporate tax; Extreme weather; Direct foreign investment; Savings rates; Output; International credit; Inventory; Competitiveness; Interest rate policy; Public spending; Profit motive; Output per capita; Investing; Credit worthiness; Capital accumulation; Financial transactions; Monetary authorities; Economic performance; Export sector

Langue

anglais

Format

application/pdf, text/plain

Licence

CC BY 3.0 IGO, http://creativecommons.org/licenses/by/3.0/igo/, World Bank

Sur AGRIS depuis: 2024-10-18

Date de modification: 2025-10-25

Format: Dublin Core

Fournisseur de données

Cette notice bibliographique a été fournie par World Bank

Découvrez la collection de ce fournisseur de données dans AGRIS

Liens

DOI http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090914153234 https://hdl.handle.net/10986/4245

Consulter Google Scholar

Si vous remarquez des informations incorrectes dans cette référence bibliographique, veuillez nous contacter à l'adresse [email protected]

FAO AGRIS - Système international des sciences et technologies agricoles

Share

"Revenue Management" Effects Related to Financial Flows Generated by Climate Policy

2009

Mots clés AGROVOC

Informations bibliographiques