Using carbon pricing revenues to finance infrastructure access
15.11.2015
Michael Jakob (Mercator Research Institute on Global Common and Climate Change, Potsdam Institute for Climate Change Impact Research); Claudine Chen (Mercator Research Institute on Global Common and Climate Change); Sabine Fuss (Mercator Research Institute on Global Common and Climate Change); Annika Marxen (Techincal University Berlin, Mercator Research Institute on Global Common and Climate Change); Narasimha Rao (International Institute of Systems Analysis); Ottmar Edenhofer (Mercator Research Institute on Global Common and Climate Change, Potsdam Institute for Climate Change Impact Research, Techincal University Berlin)
Q31, H54
Carbon Pricing, Infrastructure, Economic Development
Climate Change and Sustainable Development
Carlo Carraro
Introducing a price on greenhouse gas emissions would not only contribute to reducing the risk of dangerous anthropogenic climate change, but would also generate substantial public revenues. Some of these revenues could be used to cover investment needs for infrastructure providing access to water, sanitation, electricity, telecommunications and transport. In this way, emission pricing could promote sustainable socio-economic development by safeguarding the stability of natural systems which constitute the material basis of economies while at the same time providing public goods that are essential for human well- being. An analysis of several climate scenarios with different stabilization targets and technological assumptions reveals that emission pricing has a substantial potential to close existing access gaps.
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Suggested citation: Jakob, M., C. Chen, S. Fuss, A. Marxen, N. Rao, O. Edenhofer, ‘Using Carbon Pricing Revenues to Finance Infrastructure Access’, Nota di Lavoro 94.2015, Milan, Italy: Fondazione Eni Enrico Mattei