{"id":9660,"date":"2014-03-18T09:58:00","date_gmt":"2014-03-18T09:58:00","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication&p=9660"},"modified":"2024-08-19T14:30:00","modified_gmt":"2024-08-19T13:30:00","slug":"a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge","status":"publish","type":"publication","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\/","title":{"rendered":"A macroeconomic perspective on climate change mitigation: Meeting the financing challenge"},"content":{"rendered":"\n

Bowen, A., Campiglio, E., and Tavoni, M. (2014) In: Climate Change Economics<\/em>, 5 (1). DOI: 10.1142\/S2010007814400053<\/p>\n\n","protected":false},"excerpt":{"rendered":"\n

Building on simulations using Integrated Assessment Models and historical evidence, this paper explores some of the issues posed by this dual financing challenge. We discuss the “fiscal self-reliance” of the energy sector, finding that carbon pricing would generate sufficient fiscal revenues within each region to finance total investment in energy supply.<\/p>\n\n","protected":false},"author":12,"featured_media":9661,"template":"","tags":[478,121,655,807],"publication-type":[436],"topic_area":[4694,4710],"class_list":["post-9660","publication","type-publication","status-publish","has-post-thumbnail","hentry","tag-carbon-price","tag-climate-finance","tag-integrated-assessment-model","tag-tax-revenue","publication-type-research-articles","topic_area-policy-evaluation","topic_area-public-finance"],"acf":{"downloads":{"ref_value":"field_52f16cc1a80f2","value":false,"type":"repeater","post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["alex-bowen","emanuele-campiglio"],"type":"relationship","post_type":"profile"},"article_link":{"ref_value":"field_52eee3c7f0586","value":"https:\/\/www.worldscientific.com\/doi\/abs\/10.1142\/S2010007814400053","type":false,"post_type":""},"article_link_title":{"ref_value":"field_5322399d89d42","value":"External link to publisher","type":false,"post_type":""},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""},"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"0","type":false,"post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""}},"yoast_head":"\nA macroeconomic perspective on climate change mitigation: Meeting the financing challenge - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A macroeconomic perspective on climate change mitigation: Meeting the financing challenge - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"Building on simulations using Integrated Assessment Models and historical evidence, this paper explores some of the issues posed by this dual financing challenge. We discuss the "fiscal self-reliance" of the energy sector, finding that carbon pricing would generate sufficient fiscal revenues within each region to finance total investment in energy supply.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\/\" \/>\n<meta property=\"og:site_name\" content=\"Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-19T13:30:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2014\/07\/ClimateChangeEconomics.gif\" \/>\n\t<meta property=\"og:image:width\" content=\"168\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/gif\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\\\/\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\\\/\",\"name\":\"A macroeconomic perspective on climate change mitigation: Meeting the financing challenge - Grantham Research Institute on climate change and the environment\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/wp-content\\\/uploads\\\/2014\\\/07\\\/ClimateChangeEconomics.gif\",\"datePublished\":\"2014-03-18T09:58:00+00:00\",\"dateModified\":\"2024-08-19T13:30:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/wp-content\\\/uploads\\\/2014\\\/07\\\/ClimateChangeEconomics.gif\",\"contentUrl\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/wp-content\\\/uploads\\\/2014\\\/07\\\/ClimateChangeEconomics.gif\",\"width\":168,\"height\":250},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Publications\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?post_type=publication\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"All research\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication-type\\\/new-research\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Research article\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication-type\\\/research-articles\\\/\"},{\"@type\":\"ListItem\",\"position\":5,\"name\":\"A macroeconomic perspective on climate change mitigation: Meeting the financing challenge\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\",\"name\":\"Grantham Research Institute on climate change and the environment\",\"description\":\"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"A macroeconomic perspective on climate change mitigation: Meeting the financing challenge - Grantham Research Institute on climate change and the environment","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\/","og_locale":"en_GB","og_type":"article","og_title":"A macroeconomic perspective on climate change mitigation: Meeting the financing challenge - Grantham Research Institute on climate change and the environment","og_description":"Building on simulations using Integrated Assessment Models and historical evidence, this paper explores some of the issues posed by this dual financing challenge. We discuss the \"fiscal self-reliance\" of the energy sector, finding that carbon pricing would generate sufficient fiscal revenues within each region to finance total investment in energy supply.","og_url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\/","og_site_name":"Grantham Research Institute on climate change and the environment","article_modified_time":"2024-08-19T13:30:00+00:00","og_image":[{"width":168,"height":250,"url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2014\/07\/ClimateChangeEconomics.gif","type":"image\/gif"}],"twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\/","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\/","name":"A macroeconomic perspective on climate change mitigation: Meeting the financing challenge - Grantham Research Institute on climate change and the environment","isPartOf":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\/#primaryimage"},"image":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\/#primaryimage"},"thumbnailUrl":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2014\/07\/ClimateChangeEconomics.gif","datePublished":"2014-03-18T09:58:00+00:00","dateModified":"2024-08-19T13:30:00+00:00","breadcrumb":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\/#primaryimage","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2014\/07\/ClimateChangeEconomics.gif","contentUrl":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2014\/07\/ClimateChangeEconomics.gif","width":168,"height":250},{"@type":"BreadcrumbList","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-macroeconomic-perspective-on-climate-change-mitigation-meeting-the-financing-challenge\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/"},{"@type":"ListItem","position":2,"name":"Publications","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication"},{"@type":"ListItem","position":3,"name":"All research","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication-type\/new-research\/"},{"@type":"ListItem","position":4,"name":"Research article","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication-type\/research-articles\/"},{"@type":"ListItem","position":5,"name":"A macroeconomic perspective on climate change mitigation: Meeting the financing challenge"}]},{"@type":"WebSite","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/","name":"Grantham Research Institute on climate change and the environment","description":"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"}]}},"taxonomies":{"post_tag":["carbon price","climate finance","Integrated Assessment Model","tax revenue"],"publication-type":["Research article"],"topic_area":["Policy evaluation","Public finance"]},"featured_image_src":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2014\/07\/ClimateChangeEconomics.gif","_links":{"self":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication\/9660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication"}],"about":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/types\/publication"}],"author":[{"embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/users\/12"}],"version-history":[{"count":1,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication\/9660\/revisions"}],"predecessor-version":[{"id":73916,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication\/9660\/revisions\/73916"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/media\/9661"}],"wp:attachment":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/media?parent=9660"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/tags?post=9660"},{"taxonomy":"publication-type","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication-type?post=9660"},{"taxonomy":"topic_area","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/topic_area?post=9660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}