Public Finance Workshop
05/05/2014 bis 05/06/2014 in Berlin (Germany)
The MCC brought together international top-researchers in a Public Finance Workshop. You can find the documentation of the presentations here.
Participants included MCC director Ottmar Edenhofer as well as Gilbert Metcalf from Tufts University and Lawrence H. Goulder from Stanford University. Furthermore, Martin Weitzman from Harvard University also held a presentation.
In recent years, a significant body of work has emerged in climate economics that investigates rationales for carbon pricing beyond that of Pigouvian taxation, considering the merits of carbon pricing relative to other fiscal options as a means for, e.g., financing public debt and public spending, or enhancing dynamic macroeconomic efficiency. The aim of the workshop is it not only to advance the academic discussion, but support the exploration of the relevance of this research for policymakers seeking policy options that allow reconciling management of long-term climate risks with short term concerns over economic growth, competitiveness, and other politically relevant factors.
In this video you will see who of the well-respected scientists discussed the specific examples of carbon pricing in Europe, Australia and China. Here you can learn which states could how much reduce their debt, what could be taken from mistakes in the past - and how the challenge of international cooperation could be overcome.