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A Public Finance Perspective on Climate Policy
Report

A Public Finance Perspective on Climate Policy

Six Interactions That May Enhance Welfare

Jan Siegmeier, Linus Mattauch, Max Franks, David Klenert, Anselm Schultes and Ottmar Edenhofer
FEEM, 2015
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Editorial Rating

8

Qualities

  • Innovative

Recommendation

Climate policy impinges on public finance, particularly in the ways governments pay for alternative energy solutions and climate change mitigation, as well as in how they handle green tax revenues. Researchers Jan Siegmeier, Linus Mattauch, Max Franks, David Klenert, Anselm Schultes and Ottmar Edenhofer detail how countries’ environmental plans can affect their fiscal regimes, including through taxation, income inequality and intergenerational transfers of costs and benefits. getAbstract recommends this creative and thoughtful exploration of options in tackling climate and budget issues to policy makers, fiscal analysts and economists.

Take-Aways

  • Climate policy and public finance are two sides of a coin: For instance, substantial revenues from green taxes can significantly affect governments’ budgets.
  • The “double dividend” of environmental remediation and economic growth is an example of how climate and public policies overlap.
  • Climate measures can improve fiscal and social welfare in six ways: Collecting carbon taxes is easier than collecting taxes on capital, and green taxes can shift investment toward more productive sectors of an economy.

About the Authors

Jan Siegmeier et al. are affiliated with the Technische Universität Berlin.

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