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Fair climate policy could help reduce extreme poverty: Study ANI | Updated: Apr 27, 2021 22:24 IST
Potsdam [Germany], April 27 (ANI): Climate change threatens to undermine efforts to eradicate extreme poverty. If recent trends continue, the UN goal to eradicate extreme poverty by 2030 will be clearly missed.
Ambitious climate action and the reduction of extreme poverty can work hand in hand. This can be achieved by combining the national redistribution of emission pricing revenues with international climate finance. The findings were published in Nature Communications.
Ambitious climate policies could help to reduce extreme poverty in developing countries. This is the result of a new study by scientists of the Potsdam Institute for Climate Impact Research (PIK), a result that is in contrast with widespread assumptions that climate change mitigation comes with a trade-off for poverty reduction. To turn climate policies and poverty reduction i
Australia must have a new macroeconomic framework
Three key areas of economic policy â fiscal, monetary, and climate change â must all be made to talk to each other.
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The outbreak of the COVID-19 pandemic has been a significant shock to the global economy. There will be ongoing significant structural change and macroeconomic stress in all countries due to the pandemic. In addition to these disruptions, the primary greenhouse-gas-emitting countries will be undertaking significant global action on climate change.
The pandemic was an unexpected shock. Climate change and climate policy are known shocks that can have an even more substantial impact on economic structures and macroeconomic stability.