Discussion Paper

No. 2017-41 | July 05, 2017
Towards a comprehensive approach to climate policy, sustainable infrastructure, and finance
(Submitted as G20 Policy Paper)

Abstract

The authors propose a policy package of low-carbon growth stimulation through a steep increase in sustainable infrastructure, mobilizing sustainable finance, and adoption of carbon pricing to simultaneously achieve the objectives of the Paris Agreement and the Sustainable Development Goals.

JEL Classification:

D62, E62, H21, H22

Assessment

  • Downloads: 212

Links

Cite As

Céline Bak, Amar Bhattacharya, Ottmar Edenhofer, and Brigitte Knopf (2017). Towards a comprehensive approach to climate policy, sustainable infrastructure, and finance. Economics Discussion Papers, No 2017-41, Kiel Institute for the World Economy. http://www.economics-ejournal.org/economics/discussionpapers/2017-41


Comments and Questions


Felix FitzRoy - Discussion Paper No. 2017-41 | July 05, 2017
July 06, 2017 - 18:14

Disappointing, vague paper, years out of date, authors mainly cite themselves. They seem not to have heard of the pioneering 'Green New Deal', published by the New Economics Foundation in 2008, which is much more informative and detailed, or many similar publications since. The key point they miss ...[more]

... is that carbon taxes are not sufficient - only very large scale government investment in renewable energy and energy saving can avert catastrophic climate change. Such green fiscal policy in place of austerity would largely pay for itself, and generate full employment like WW2 mobilization, and achieve the necessary zero carbon economy in a few decades with current RE technology, as summarized in FitzRoy and Papyrakis, An Introduction to Climate Change Economics and Policy, 2nd ed., Routledge, 2016.


Anonymous - Referee Report
July 20, 2017 - 11:22

see attached file


Céline Bak, Amar Bhattacharya, Ottmar Edenhofer, and Brigitte Knopf - Response to referee report
September 08, 2017 - 08:55

see attached file