Decarbonizing Development: Three Steps to a Zero-Carbon Future

By Maria Fay, StÃ©phane Hallegatte, A. Vogt-Schilb, Julie Rozenberg, U. Narloch, T. Kerr. 2015

207 citations recorded by the source corpus.

This report lays out three steps for a smooth transition to a zero-carbon future and provides data, examples and policy advice to help countries makes the shift. Overview Getting to zero net emissions and stabilizing climate change starts with planning for the long-term future and not stopping at short-term goals. It means getting prices right as part of a broad policy package that can trigger changes in both investments and behaviors, and it requires smoothing the transition for those most affected. A new World Bank report walks policymakers through those three steps with data, examples and policy advice to help put countries on a path to decarbonizing their development in a smooth and orderly way. The solutions exist, and they are affordable – if governments take action today, the report says.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/6f88d11a2ded904f04c48f987d7d3fb86c3d6994

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Citations in the corpus

The need for national deep decarbonization pathways for effective climate policy (2016, background): “This in turn allows a transparent representation of the sectoral decrease in energy per unit of output and GHG per unit of energy through the three pillars: energy efficiency and conservation, decarbonization of energy carriers such as electricity, synthetic natural gas(10), cellulosic and algal bio”
Stranded assets and stranded resources: Implications for climate change mitigation and global sustainable development (2019, background): “price shifts, uneconomic returns or competitive factors) [30,32,41]; (iii) societal norms or conditions (e.”
Beyond Technology: Demand-Side Solutions for Climate Change Mitigation (2016, methodology): “For example, according to a recent World Bank report titled Decarbonizing Development (114), a country’s low-carbon pathway and its achievement of socioeconomic development and prosperity can be strongly aligned.”
The impact of phasing out fossil fuel subsidies on the low-carbon transition (2019, background): “ing with the Paris Agreement requires the introduction of climate and energy policies to decrease emissions concentration in the atmosphere and reach zero net Greenhouse Gases (GHG) emissions before the end of the century (Fay et al., 2015; IPCC, 2014).”
Reforming fossil fuel subsidies: drivers, barriers and the state of progress (2017, background): “Such complementary measures have been argued to be crucial for ensuring the effectiveness of price-based environmental instruments – i.e. FFS reforms and carbon taxes (Fay et al., 2015).”
Report of the high-level commission on carbon prices (2017, background): “The global scenarios that achieve zero net emissions and maintain the temperature rise below 2°C in a cost-effective way show four parallel changes in the global economy, which involve the transformation of capital-intensive systems with long-lived assets (IDDRI and UNSDSN 2014; IEA 2014; Krey et al”
Poverty and distributional effects of carbon pricing in low- and middle-income countries – A global comparative analysis (2019, background): “Upstream carbon taxes are generally easier to administer than other income or sales taxes (Fay et al., 2015).”