Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature

  title={Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature},
  author={Signe Krogstrup and William H. Oman},
  journal={Econometric Modeling: Agriculture},
Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The literature provides a menu of policy tools for mitigation. A key conclusion is that fiscal tools are first in line and central, but can and may need to be complemented by financial and monetary policy… Expand
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