Fiscal Policies for Development and Climate Action (International Development in Focus)

Miria A. Pigato (editor)

ISBN 10: 1464813582 / ISBN 13: 9781464813580

Published by World Bank Group Publications, 2019

About this Item

205 pages. 10.75x8.25x0.75 inches. In Stock.

Seller Inventory # x-1464813582

Bibliographic Details

• Title: Fiscal Policies for Development and Climate Action (International Development in Focus)
• Publisher: World Bank Group Publications
• Publication Date: 2019
• Language: English
• ISBN 10: 1464813582
• ISBN 13: 9781464813580
• Binding: Paperback
• Condition: Brand New
• Weight: 0.67 kilograms

About this title

Synopsis

This report provides actionable advice on how to design and implement fiscal policies for both development and climate action. Building on more than two decades of research in development and environmental economics, it argues that well-designed environmental tax reforms are especially valuable in developing countries, where they can reduce emissions, increase domestic revenues, and generate positive welfare effects such as cleaner water, safer roads, and improvements in human health. Moreover, these reforms need not harm competitiveness. New empirical evidence from Indonesia and Mexico suggests that under certain conditions, raising fuel prices can actually increase firm productivity. Finally, the report discusses the role of fiscal policy in strengthening resilience to climate change. It provides evidence that preventive public investments and measures to build fiscal buffers can help safeguard stability and growth in the face of rising climate risks. In this way, environmental tax reforms and climate risk-management strategies can lay the much-needed fiscal foundation for development and climate action.

About the Author

The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization's activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.