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Protecting the poor with a carbon tax and equal per capita dividend

Author

Listed:
  • Mark Budolfson

    (Rutgers University [Newark] - Rutgers - Rutgers University System)

  • Francis Dennig

    (Yale-NUS College)

  • Frank Errickson

    (Princeton's Woodrow Wilson School of Public and International Affairs - Princeton University)

  • Simon Feindt

    (MCC - Mercator Research Institute on Global Commons and Climate Change - PIK - Potsdam Institute for Climate Impact Research)

  • Maddalena Ferranna

    (Harvard School of Public Health)

  • Marc Fleurbaey

    (PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement)

  • David Klenert

    (JRC - European Commission - Joint Research Centre [Seville])

  • Ulrike Kornek

    (CAU - Christian-Albrechts-Universität zu Kiel = Christian-Albrechts University of Kiel = Université Christian-Albrechts de Kiel)

  • Kevin Kuruc

    (OU - University of Oklahoma)

  • Aurélie Méjean

    (CIRED - Centre International de Recherche sur l'Environnement et le Développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École des Ponts ParisTech - Université Paris-Saclay - CNRS - Centre National de la Recherche Scientifique)

  • Wei Peng

    (Penn State - Pennsylvania State University - Penn State System)

  • Noah Scovronick

    (Emory University [Atlanta, GA])

  • Dean Spears

    (University of Texas at Austin [Austin])

  • Fabian Wagner

    (IIASA - International Institute for Applied Systems Analysis [Laxenburg])

  • Stéphane Zuber

    (PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

We find that if all countries adopt the necessary uniform global carbon tax and then return the revenues to their citizens on an equal per capita basis, it will be possible to meet a 2 °C target while also increasing wellbeing, reducing inequality and alleviating poverty. These results indicate that it is possible for a society to implement strong climate action without compromising goals for equity and development.

Suggested Citation

  • Mark Budolfson & Francis Dennig & Frank Errickson & Simon Feindt & Maddalena Ferranna & Marc Fleurbaey & David Klenert & Ulrike Kornek & Kevin Kuruc & Aurélie Méjean & Wei Peng & Noah Scovronick & Dea, 2021. "Protecting the poor with a carbon tax and equal per capita dividend," PSE-Ecole d'économie de Paris (Postprint) halshs-03462781, HAL.
    • Handle: RePEc:hal:pseptp:halshs-03462781
    DOI: 10.1038/s41558-021-01228-x
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03462781v1
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    Cited by:

    1. Missbach, Leonard & Steckel, Jan Christoph & Vogt-Schilb, Adrien, 2024. "Cash transfers in the context of carbon pricing reforms in Latin America and the Caribbean," World Development, Elsevier, vol. 173(C).
    2. Missbach, Leonard & Steckel, Jan Christoph & Vogt-Schilb, Adrien, 2023. "Cash transfers in the context of carbon pricing reforms in Latin America and the Caribbean," IDB Publications (Working Papers) 12536, Inter-American Development Bank.
    3. Mireille Chiroleu-Assouline, 2022. "Rendre acceptable la nécessaire taxation du carbone. Quelles pistes pour la France ?," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 15-53.
    4. Missbach, Leonard & Steckel, Jan Christoph, 2024. "Distributional impacts of climate policy and effective compensation: Evidence from 88 countries," EconStor Preprints 296491, ZBW - Leibniz Information Centre for Economics.
    5. Andrea Molocchi & Giulio Mela, 2024. "Social Cost of Carbon as an International Benchmark to Drive Countries’ Carbon Pricing during the Transition," Sustainability, MDPI, vol. 16(19), pages 1-36, October.
    6. Missbach, Leonard & Steckel, Jan Christoph & Ward, Hauke, 2023. "Assessing distributional effects of carbon pricing in Israel," Energy Policy, Elsevier, vol. 180(C).

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