Modeling the fiscal impacts caused by climate change

Kutasi, Gábor (2011) Modeling the fiscal impacts caused by climate change. In: 3rd International Scientific Conference: Sustainable development, 10-11 June 2011, Ravda, Bulgaria.

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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 scenarios 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:Conference or Workshop Item (Paper)
Uncontrolled Keywords:climate change, fiscal policy
Divisions:Faculty of Economics > Department of World Economy
Subjects:Economic policy
Environmental economics
ID Code:498
Deposited By: Ádám Hoffmann
Deposited On:31 Jan 2012 15:29
Last Modified:31 Jan 2012 15:29

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