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COVID-19 and the Paris Agreement target: A CGE analysis of alternative economic recovery scenarios for India
Energy Economics ( IF 13.6 ) Pub Date : 2021-08-30 , DOI: 10.1016/j.eneco.2021.105539
Basanta K Pradhan 1 , Joydeep Ghosh 2
Affiliation  

In this paper the Covid-19 pandemic has been analysed from sustainability and climate change perspectives with the help of a recursive dynamic CGE model for India. The Covid-19 could have major long term impacts on GDP, household income, inequality, CO2 emissions, and carbon prices. Significant slowdown in labour intensive informal sectors such as construction and services, as well as in energy intensive and capital goods sectors, leads to adverse impacts on household income and inequality. Our analysis further suggests that climate policy consistent with the Paris Agreement target can complement the economic recovery process. Specifically, recycling of carbon tax revenues to investments could stimulate growth and employment, reduce inequality, and reduce carbon emissions, compared to a scenario without climate policy. Therefore, the need of the hour is to formulate and implement climate friendly recovery strategies.



中文翻译:

COVID-19 和巴黎协定目标:CGE 对印度替代经济复苏情景的分析

在本文中,借助适用于印度的递归动态 CGE 模型,从可持续性和气候变化的角度分析了 Covid-19 大流行。Covid-19 可能对 GDP、家庭收入、不平等、CO 2产生重大的长期影响排放和碳价格。建筑和服务等劳动密集型非正规部门以及能源密集型和资本货物部门的显着放缓会对家庭收入和不平等产生不利影响。我们的分析进一步表明,符合《巴黎协定》目标的气候政策可以补充经济复苏进程。具体而言,与没有气候政策的情况相比,将碳税收入循环用于投资可以刺激增长和就业、减少不平等并减少碳排放。因此,当务之急是制定和实施气候友好型恢复战略。

更新日期:2021-09-08
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