TY - BOOK ID - 84783823 TI - After Paris : Fiscal, Macroeconomic and Financial Implications of Global Climate Change AU - Farid, Mai. AU - Keen, Michael. AU - Papaioannou, Michael. AU - Parry, Ian. AU - Pattillo, Catherine. AU - Ter-Martirosyan, Anna. PY - 2016 SN - 1513562185 1513547089 1513516957 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Taxation KW - Environmental Economics KW - Environmental Conservation and Protection KW - Natural Disasters KW - Climate KW - Natural Disasters and Their Management KW - Global Warming KW - Environmental Economics: Government Policy KW - Taxation and Subsidies: Externalities KW - Redistributive Effects KW - Environmental Taxes and Subsidies KW - Environmental Economics: General KW - Climate change KW - Public finance & taxation KW - Natural disasters KW - Environmental economics KW - Carbon tax KW - Greenhouse gas emissions KW - Climate finance KW - Environment KW - Taxes KW - Climatic changes KW - Environmental impact charges KW - Greenhouse gases KW - China, People's Republic of UR - https://www.unicat.be/uniCat?func=search&query=sysid:84783823 AB - This paper discusses the implications of climate change for fiscal, financial, and macroeconomic policies. Most pressing is the use of carbon taxes (or equivalent trading systems) to implement the emissions mitigation pledges submitted by 186 countries for the December 2015 Paris Agreement while providing revenue for lowering other taxes or debt. Carbon pricing in developing countries would effectively mobilize climate finance, and carbon price floor arrangements are a promising way to coordinate policies internationally. Targeted fiscal measures that are tailored to national circumstances and robust across climate scenarios are needed to counter private sector under-investment in climate adaptation. And increased disclosure of carbon footprints, stress testing of asset values, and greater proliferation of hedging instruments, will facilitate low-emission investments and climate risk diversification through financial markets. ER -