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You are looking at 1 - 10 of 49 items for :

  • Industrialization; Manufacturing and Service Industries; Choice of Technology x
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Cover Selected Issues Papers
South Africa Carbon Pricing and Climate Mitigation Policy
Mr. Haonan Qu, Suphachol Suphachalasai, Sneha D Thube, and Mr. Sébastien Walker
Meeting South Africa’s ambitious climate objectives will require a comprehensive strategy that includes a more effective use of carbon pricing policy, reducing inefficient government subsidies that have delayed the green transition, well-targeted support to affected industries and households, and other green financial and sectoral measures. Implemented well, the mitigation policy package would promote low-carbon investments, raise government revenues, and support economic growth.
Keywords:
South Africa; carbon tax; climate mitigation; decarbonization transition; distributional effects; carbon neutrality; general equilibrium model; mitigation policy package; climate mitigation policy; South Africa carbon pricing; climate objective; carbon tax tax rate; Greenhouse gas emissions; Electricity; Africa
Cover IMF Working Papers
A Comprehensive Package of Macroeconomic Policy Measures for Implementing China’s Climate Mitigation Strategy
Jean Chateau, Ms. Wenjie Chen, Ms. Florence Jaumotte, and Karlygash Zhunussova
This paper presents ways for China to achieve its climate goals while also attain high-quality growth—growth that is balanced, inclusive, and green. Using a dynamic computable general equilibrium model that is calibrated to China, multiple scenarios are considered that incorporate a sequence of layered policies: (i) frontloading mitigation with an earlier emissions peak, (ii) power market reforms, and (iii) economic rebalancing. The results highlight that these policies can significantly contribute to the success of the climate strategy overall, including by lowering the shadow price of carbon as well as the associated mitigation costs. Distribution analysis offers proposals to lessen the impact on vulnerable households.
Keywords:
Chinese economy; climate policy; carbon neutrality; rebalancing; Computable General Equilibrium model; mitigation strategy; E. Policy simulation; climate strategy; power market; climate mitigation initiative; Greenhouse gas emissions; Non-renewable resources; Consumption; Global; ETS trading price; carbon pricing scheme
Cover IMF Working Papers
A Diversification Strategy for South Asia
Weicheng Lian, Fei Liu, Katsiaryna Svirydzenka, and Biying Zhu
While South Asia has gone a long way in diversifying their economies, there is substantial scope to do more. Some countries – India, Nepal, and Sri Lanka – can build on their existing production capabilities; others – Bangladesh, Bhutan, and the Maldives – would need to undertake a more concerted push. We identify key policies from a large set of potential determinants that explain the variation in export diversification and complexity across 189 countries from 1962 to 2018. Our analysis suggests that South Asia needs to invest in infrastructure, education, and R&D, facilitate bank credit to productive companies, and open to trade in order to diversify and move up the value chains. Given the COVID-19 pandemic, investing in digital technologies as part of the infrastructure push and improving education are of even greater importance to facilitate the ability to work remotely and assist resource reallocation away from the less viable sectors.
Keywords:
summary statistic; outlook index; Economics complexity; South Asia's progress; diversification of export; Export diversification; Exports; Infrastructure; Income; South Asia
Cover Policy Papers
The Chairman’s Concluding Remarks Fifteenth General Review of Quotas—Quota Formula and Realigning Shares Committee of the Whole on Review of Quotas Meeting 17/1 September 1, 2017
International Monetary Fund. Finance Dept. and International Monetary Fund. Statistics Dept.

September 7, 2017

Keywords:
quota share; GDP blend; distributing quota; IMF body; IFS data; Purchasing power parity; Capital flows; Capital account; Balance of payments statistics; Financial account; Africa; Global; Middle East; Western Hemisphere; Asia and Pacific; reform package; Financial safety nets; Labor unions; Sharing economy
Cover Policy Papers
Fifteenth and Sixteenth General Reviews of Quotas—Report of the Executive Board to the Board of Governors
International Monetary Fund. Finance Dept.