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| Srl | Item |
| 1 |
ID:
171378
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| Summary/Abstract |
Energy subsidies cost Ecuador 7% of its public budget, or two thirds of the fiscal deficit. Removing these subsidies would yield local economic and environmental benefits and help implement climate targets set in the Paris Agreement. However, adverse effects on vulnerable households can make subsidy reforms politically difficult. To inform policy design, we assess the distributional impacts of energy subsidy reform using Ecuadorian household data and an augmented input-output table. We find that subsidy removal without compensation would be regressive for diesel and LPG, progressive for gasoline, and approximately neutral for electricity. We then analyze how freed up public revenues could fund in-kind and in-cash compensation schemes to mitigate income losses for poor households. Our results indicate that removing all energy subsidies and increasing the cash transfer program, Bono de Desarrollo Humano (BDH), by nearly US$ 50 per month would increase the real income of the poorest quintile by 10% while leaving more than US$ 1.3 billion for the public budget. Finally, we conduct interviews with local policy makers and experts to identify two reform options that are progressive and considered feasible: eliminating subsidies on gasoline while increasing the BDH and replacing universal LPG subsidies with targeted LPG vouchers.
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| 2 |
ID:
179723
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| Summary/Abstract |
This paper provides a review of the recent academic literature on how individual countries or regions can successfully implement unilateral climate policies in an increasingly integrated world economy. It first reviews the theory, empirics and future projections of ‘carbon leakage’, i.e. the notion that more ambitious climate policies will pose an incentive for energy-intensive industries to relocate and thus undo at least some of the achieved emission reductions. It then discusses measures to reduce carbon leakage. These include free allocation of emission permits to firms deemed at risk of carbon leakage, targeted trade policies as well as international cooperation to promote climate policies in third countries. Finally, it provides an overview of the debate on responsibility for trade-related emissions, including production- and consumption-based emission accounting as well as some more recent approaches.
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| 3 |
ID:
105762
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| Publication |
2011.
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| Summary/Abstract |
Along the lines of the Kaya identity, we perform a decomposition analysis of historical and projected emissions data for China. We compare the results with reduction requirements implied by globally cost-effective mitigation scenarios and official Chinese policy targets. For the years 1971-2000 we find that the impact of high economic growth on emissions was partially compensated by a steady fall in energy intensity. However, the end - and even reversal - of this downward trend, along with a rising carbon intensity of energy, resulted in rapid emission growth during 2000-2007. By applying an innovative enhanced Kaya-decomposition method, we also show how the persistent increase in the use of coal has caused carbon intensity to rise throughout the entire time-horizon of the analysis. These insights are then compared to model scenarios for future energy system developments generated by the ReMIND-R model. The analysis reaffirms China's indispensable role in global efforts to implement any of three exemplary stabilization targets (400, 450, or 500 ppm CO2-only), and underscore the increasing importance of carbon intensity for the more ambitious targets. Finally, we compare China's official targets for energy intensity and carbon intensity of GDP to projections for global cost-effective stabilization scenarios, finding them to be roughly compatible in the short-to-mid-term.
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