Estimates of the inflation effect of a global carbon price on consumer, investment, export and import prices
(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:
https://lup.lub.lu.se/record/64359f0d-4792-4aa3-9a55-5a0a3755bc93
- author
- Andersson, Fredrik N.G. LU
- organization
- publishing date
- 2020-04-09
- 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}}, }