This study examines the effect of environment tax and renewable energy transition on the green economic growth of 37 OECD countries from 1990 to 2021. The empirical results show that environmental tax has a non-linear impact on green economic growth. The nonlinearity is characterised by a...

Even though Environmental tax policy impacts inequality theoretically, empirical studies remain scanty not only in the context of volumes and the estimation approaches but are also focused on selected advanced countries, communities, households, and emerging countries, the neglect of the global...

As climate changes and natural disasters intensify, the threat of human displacement increases. This paper studies carbon taxation in the presence of international climate displacement. After providing evidence on the migration response to disasters, forced climate migration is introduced into a...

This note describes Carbon Monitor Cities 2.0, a new approach to near-real-time monitoring of city-level greenhouse gas emissions from various sectors without the need for local data collection. With support from the City Climate Finance Gap Fund, the World Bank piloted this approach for 11...

This paper explores the global economic and climate spillovers of the European Union Emissions Trading System (EU ETS), leveraging exogenous variations in carbon prices identified through a carbon policy surprise series. Findings reveal that higher EU carbon prices lead to significant and...

This paper examines the potential impact of border carbon adjustments on Trinidad and Tobago's exports. Despite its marginal contribution to global greenhouse gas emissions, the country's high carbon intensity exposes the economy to global low-carbon transition risks. The paper aims to raise...

With the Green Deal, the European Union (EU) has not only significantly increased the ambition of its climate policy in recent years, but it has also added an international dimension to European domestic climate policy. In fact, numerous recently adopted legal acts directly or indirectly affect...

This paper explores the distributive impact of a hypothetical carbon tax on households' transport and energy consumption in Belgium. It focuses on the welfare effects across population groups and along the income distribution, as well as on the expected budgetary and environmental effects,...

This research models and examines multiple decarbonisation pathways for Europe to 2050, evaluating trade-offs between emissions reductions, costs, and implications for gas demand. Scenarios that front-load decarbonisation to 2040 show prohibitively high marginal abatement costs, while a more...

This study applies a robust techno-economic framework to explore four key decarbonisation pathways – unabated steam methane reforming (SMR), SMR with carbon capture and storage (CCS), biomass-based hydrogen (BIOH₂), and renewable hydrogen via alkaline electrolyser cells (AEC) – across 52...

Carbon Capture and Utilisation (CCU) is one of the more mature approaches to carbon neutrality, yet simultaneously one of the least understood or categorically defined. This paper intends to provide a broad-based overview of CCU, as well as a deeper dive that will incorporate scalability, market...

An increase of e100 per tonne in the EU carbon price reduces the carbon footprint but lowers GDP due to higher energy costs and carbon leakage. Using a dynamic multi-sector, multi-country model augmented with an energy block that includes endogenous renewable energy investment, we analyze the...

This paper formalizes the geopolitical externality of climate policy and estimates its plausible magnitudes. Specifically, domestic reductions in fossil fuel demand depress global prices, thereby lowering export revenues for resource-rich autocracies - many of which allocate substantial...

In this paper, we first test the validity of the Environmental Kuznets Curve (EKC) hypothesis, using a large sample of approximately 190 advanced and developing countries, over a period of 34 years (1989- 2022). We find that (CO2) emissions respond positively to increasing income per capita, up...

As middle income countries grow they see an increase in demand for energy. To avoid extreme climate change as these countries develop, there will be a need to decarbonise the increased energy consumption as they grow. We use the PRICES microsimulation model to examine the impact of carbon...

We assess household burdens from a carbon tax with revenue recycling, comparing them to burdens from price changes during the recent cost-of-living crisis. We focus on Lithuania, an OECD country that attained high-income status a decade ago, and that recently enacted a €60/ton CO2 carbon tax...