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Estimates of the inflation effect of a global carbon price on consumer, investment, export and import prices

Andersson, Fredrik N.G. LU (2020) p.87-112
Abstract

This chapter considers the potential inflation effects of a global carbon price on consumer prices, investment prices, export prices, and import prices. We estimate the effects under three different scenarios. The results clearly indicate that the inflation effects in developed countries of a 100 USD/ton carbon price are small. For developing countries, the inflation effect is larger-potentially too large for it to be politically feasible to introduce a global carbon price. However, a simple adjustment of the price based on the price level in each country equalizes the inflation effects across all countries. In light of this kind of adjustment, a global carbon price is more likely to be implemented.

Please use this url to cite or link to this publication:
author
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
subject
keywords
Carbon price, Climate change, Consumer prices, Export prices, Import prices, Inflation, Investment prices
host publication
Carbon Dioxide Emissions : Past, Present and Future Perspectives - Past, Present and Future Perspectives
pages
26 pages
publisher
Nova Science Publishers, Inc.
external identifiers
  • scopus:85144264671
ISBN
9781536177633
9781536177640
language
English
LU publication?
yes
id
64359f0d-4792-4aa3-9a55-5a0a3755bc93
date added to LUP
2023-02-08 11:31:49
date last changed
2024-04-14 18:42:00
@inbook{64359f0d-4792-4aa3-9a55-5a0a3755bc93,
  abstract     = {{<p>This chapter considers the potential inflation effects of a global carbon price on consumer prices, investment prices, export prices, and import prices. We estimate the effects under three different scenarios. The results clearly indicate that the inflation effects in developed countries of a 100 USD/ton carbon price are small. For developing countries, the inflation effect is larger-potentially too large for it to be politically feasible to introduce a global carbon price. However, a simple adjustment of the price based on the price level in each country equalizes the inflation effects across all countries. In light of this kind of adjustment, a global carbon price is more likely to be implemented.</p>}},
  author       = {{Andersson, Fredrik N.G.}},
  booktitle    = {{Carbon Dioxide Emissions : Past, Present and Future Perspectives}},
  isbn         = {{9781536177633}},
  keywords     = {{Carbon price; Climate change; Consumer prices; Export prices; Import prices; Inflation; Investment prices}},
  language     = {{eng}},
  month        = {{04}},
  pages        = {{87--112}},
  publisher    = {{Nova Science Publishers, Inc.}},
  title        = {{Estimates of the inflation effect of a global carbon price on consumer, investment, export and import prices}},
  year         = {{2020}},
}