Subsidies could cut net zero transition costs, BdF paper finds

Using carbon tax revenues to fund new technologies would almost halve GDP loss, researchers say

banque-de-france
The Banque de France

Well-designed subsidies for goods cutting carbon emissions would significantly reduce “net zero” transition costs, a working paper published by the Banque de France find.

In Environmental subsidies to mitigate net-zero transition costs, Eric Jondeau, Grégory Levieuge, Jean-Guillaume Sahuc and Gauthier Vermandel present “a quantitative macroclimate model for the world economy”.

The model features an endogenous market structure for products which reduce the production of carbon emissions, or

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.