To finance the transition to low-carbon economies required to mitigate climate change, countries are increasingly using a combination of carbon pricing and green bonds. This paper studies the reasoning behind such policy mixes and the economic interaction effects that result from these different policy instruments. The paper models these interactions using an inter-temporal model that proposes burden sharing between current and future generations...
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INFORMATION
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2019/08/20
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Document de travail de recherche sur les politiques
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WPS8991
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1
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1
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2019/08/20
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Disclosed
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Financing Low-Carbon Transitions through Carbon Pricing and Green Bonds
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Green Bond
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