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Combining ambitious climate policies with efforts to eradicate poverty

Nature communications, 2021-04, Vol.12 (1), p.2342-12, Article 2342 [Peer Reviewed Journal]

The Author(s) 2021. This work is published under http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;The Author(s) 2021 ;ISSN: 2041-1723 ;EISSN: 2041-1723 ;DOI: 10.1038/s41467-021-22315-9 ;PMID: 33907192

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  • Title:
    Combining ambitious climate policies with efforts to eradicate poverty
  • Author: Soergel, Bjoern ; Kriegler, Elmar ; Bodirsky, Benjamin Leon ; Bauer, Nico ; Leimbach, Marian ; Popp, Alexander
  • Subjects: Carbon ; Climate change ; Developing countries ; Environmental policy ; Finance ; Food ; LDCs ; Mitigation ; Policies ; Poverty ; Pricing ; Reduction ; Revenue
  • Is Part Of: Nature communications, 2021-04, Vol.12 (1), p.2342-12, Article 2342
  • Description: Climate change threatens to undermine efforts to eradicate extreme poverty. However, climate policies could impose a financial burden on the global poor through increased energy and food prices. Here, we project poverty rates until 2050 and assess how they are influenced by mitigation policies consistent with the 1.5 °C target. A continuation of historical trends will leave 350 million people globally in extreme poverty by 2030. Without progressive redistribution, climate policies would push an additional 50 million people into poverty. However, redistributing the national carbon pricing revenues domestically as an equal-per-capita climate dividend compensates this policy side effect, even leading to a small net reduction of the global poverty headcount (-6 million). An additional international climate finance scheme enables a substantial poverty reduction globally and also in Sub-Saharan Africa. Combining national redistribution with international climate finance thus provides an important entry point to climate policy in developing countries.
  • Publisher: England: Nature Publishing Group
  • Language: English
  • Identifier: ISSN: 2041-1723
    EISSN: 2041-1723
    DOI: 10.1038/s41467-021-22315-9
    PMID: 33907192
  • Source: PubMed Central
    Coronavirus Research Database
    ProQuest Central
    DOAJ Directory of Open Access Journals
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