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Journal Article

Protecting the poor with a carbon tax and equal per capita dividend

Authors

Budolfson,  Mark
External Organizations;

Dennig,  Francis
External Organizations;

Errickson,  Frank
External Organizations;

Feindt,  Simon
External Organizations;

Ferranna,  Maddalena
External Organizations;

Fleurbaey,  Marc
External Organizations;

Klenert,  David
External Organizations;

/persons/resource/kornek.ulrike

Kornek,  Ulrike
Potsdam Institute for Climate Impact Research;

Kuruc,  Kevin
External Organizations;

Méjean,  Aurélie
External Organizations;

Peng,  Wei
External Organizations;

Scovronick,  Noah
External Organizations;

Spears,  Dean
External Organizations;

Wagner,  Fabian
External Organizations;

Zuber,  Stéphane
External Organizations;

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Citation

Budolfson, M., Dennig, F., Errickson, F., Feindt, S., Ferranna, M., Fleurbaey, M., Klenert, D., Kornek, U., Kuruc, K., Méjean, A., Peng, W., Scovronick, N., Spears, D., Wagner, F., Zuber, S. (2021): Protecting the poor with a carbon tax and equal per capita dividend. - Nature Climate Change, 11, 1025-1026.
https://doi.org/10.1038/s41558-021-01228-x


Cite as: https://publications.pik-potsdam.de/pubman/item/item_30694
Abstract
We find that if all countries adopt the necessary uniform global carbon tax and then return the revenues to their citizens on an equal per capita basis, it will be possible to meet a 2 °C target while also increasing wellbeing, reducing inequality and alleviating poverty. These results indicate that it is possible for a society to implement strong climate action without compromising goals for equity and development.