Corvinus
Corvinus

Public price of climate change

Kutasi, Gábor (2013) Public price of climate change. In: Proceedings Forum for Economists International. Conference held in Amsterdam May 31-June 3, 2013. Forum for Economists International, Papendrecht, Netherlands, pp. 73-94. . ISBN 978-90-817873-5-2

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Abstract

Aim of the paper: The purpose is to gather the practices and to model the impacts of climate change on fiscal spending and revenues, responsibilities and opportunities, balance and debt related to climate change (CC). Methodology of the paper: The methodology will distinguish fiscal cost of mitigation and adaptation, besides direct and indirect costs. It will also introduce cost benefit analyses to evaluate the propensity of policy makers for action or passivity. Several scenarios will be drafted to see the different outcomes. The scenarios shall contain the possible losses in the natural and artificial environment and resources. Impacts on public budget are based on damage of income opportunities and capital/wealth/natural assets. There will be a list of actions when the fiscal correction of market failures will be necessary. Findings: There will be a summary and synthesis of estimation models on CC impacts on public finances, and morals of existing/existed budgeting practices on mitigation. The model will be based on damages (and maybe benefits) from CC, adjusted with probabilities of sce-narios and policy making propensity for action. Findings will cover the way of funding of fiscal costs. Practical use, value added: From the synthesis of model, the fiscal cost of mitigation and adaptation can be estimated for any developed, emerging and developing countries. The paper will try to reply, also, for the challenge how to harmonize fiscal and developmental sustainability.

Item Type:Book Section
Uncontrolled Keywords:public finance, fiscal sustainability, climate change
JEL classification:D62 - Externalities
E62 - Fiscal Policy
H23 - Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
H40 - Publicly Provided Goods: General
H80 - Public Economics: Miscellaneous Issues: General
H84 - Disaster Aid
H87 - International Fiscal Issues; International Public Goods
Subjects:Environmental economics
Projects:TÁMOP-4.2.1.B-09/1/KMR-2010-0005
ID Code:1666
Deposited By: Ádám Hoffmann
Deposited On:27 Aug 2014 06:49
Last Modified:27 Aug 2014 07:03

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