IMF report stresses the imminent need for correct carbon pricing

A recent report from the International Monetary Fund, IMF, underlines the urgency of ending the subsidies of fossil fuels and implementing carbon taxes globally. This report contains a global, regional and country-specific update. The message is very clear: The world needs a correct price on carbon that accounts for its real costs, but currently the development is heading the wrong way.

Impacts of climate shocks on household consumption and inequality in India

Submitted by Petra Hansson on
EfD Authors:

AbstractThis paper examines the impact of climate shocks, measured as temperature and precipitation variability, on real monthly per capita consumption expenditure of Indian households over the 1988–2012 period, utilising data from the National Sample Survey Organisation's Consumer Expenditure Surveys. The regression results show an increase in consumption by 1.2 per cent on average, in response to a one standard deviation rise in temperature, with heterogeneous impacts across economic sectors.

Climate Change, Land