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3 - The Distributional Effects of Climate Policy

Published online by Cambridge University Press:  01 February 2024

Grégory Claeys ,
Marie Le Mouel ,
Simone Tagliapietra ,
Guntram B. Wolff  and
Georg Zachmann
Grégory Claeys
Affiliation:
Bruegel
Marie Le Mouel
Affiliation:
Bruegel
Simone Tagliapietra
Affiliation:
Bruegel
Guntram B. Wolff
Affiliation:
German Council on Foreign Relations
Georg Zachmann
Affiliation:
Bruegel
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Summary

This chapter first illustrates the risk of decarbonisation impacting low-income households more than high-income ones, as they devote a larger share of their income to energy consumption and as they face more difficulties in switching to green alternatives. It then discusses which kind of policies can be adopted in order to avoid such risks and to ensure a fair transition with no social and political backlash.

Keywords

distributional implicationsinequalityclimate policy impactsjust transition
Type
Chapter
Information
The Macroeconomics of Decarbonisation
Implications and Policies
 , pp. 71 - 108
Publisher: Cambridge University Press
Print publication year: 2024

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