Climate Change Public Expenditure and Institutional Review Sourcebook (CCPEIR)


Book Description

This Climate Change Public Expenditure and Institutional Review Sourcebook (CCPEIR) seeks to provide practitioners with the tools and information needed to respond to the public expenditure policy and management challenges arising from climate change. It is a series of notes and supporting materials written as a first step towards consolidating current research and international experience, identifying emerging practice and providing practical and applicable guidance for staff of central finance agencies, development agencies, environmental agencies and other international organizations working on climate change issues. In addition to emphasizing the importance of strengthening national systems throughout, the Sourcebook focuses on the specific public expenditure policy and management challenges posed by climate change, such as decision-making in the face of uncertain future climate conditions, expenditure planning for extreme weather and climate events, the lack of agreed budget definition and classification of climate change activities.




Public Expenditure Analysis


Book Description

Focuses on the public sector in developing countries. Provides tools of analysis for discovering equity in tax burdens as well as in public spending and judging government performance in its role in safeguarding the interests of the poor and disadvantaged. Outlines a framework for a rights-based approach to citizen empowerment - in other words, creating an institutional design with appropriate rules, restraints, and incentives to make the public sector responsive and accountable to an average voter.




Securing Development


Book Description

Securing Development: Public Finance and the Security Sector highlights the role of public finance in the delivery of security and criminal justice services. This book offers a framework for analyzing public financial management, financial transparency, and oversight, as well as expenditure policy issues that determine how to most appropriately manage security and justice services. The interplay among security, justice, and public finance is still a relatively unexplored area of development. Such a perspective can help security actors provide more professional, effective, and efficient security and justice services for citizens, while also strengthening systems for accountability. The book is the result of a project undertaken jointly by staff from the World Bank and the United Nations, integrating the disciplines where each institution holds a comparative advantage and a core mandate. The primary audience includes government officials bearing both security and financial responsibilities, staff of international organizations working on public expenditure management and security sector issues, academics, and development practitioners working in an advisory capacity.




Environmental Governance and Greening Fiscal Policy


Book Description

This book addresses the increasingly urgent question: How can governments be made more accountable for the quality of their environmental stewardship? It explores: Enhanced national State of the Environment reporting and integration of environmental outcomes in key national indicators. Mainstreaming environmental goals, targets, and risks by integrating them in fiscal policy and the annual budget—a government’s most important policy instrument. Promoting sustainability by progressively exposing and eliminating harmful tax and expenditure policies, putting a price on pollution, and providing environmental public goods. Civil society environmental monitoring. The book combines in-depth assessment of the latest climate/green budgeting literature and country practices with discussion of how to implement green fiscal policies. The framework is deliberately ambitious given the severity, scale, and urgency of climate change and biodiversity loss. The book will be of interest to ministry of finance, budget, and planning officials, to environment sector agencies, oversight institutions, international organizations, civil society organizations, and to academics and students in the fields of environmental studies, development studies, economics, public finance, and public policy.




The Spirit of Green


Book Description

From a Nobel Prize–winning pioneer in environmental economics, an innovative account of how and why “green thinking” could cure many of the world’s most serious problems—from global warming to pandemics Solving the world’s biggest problems—from climate catastrophe and pandemics to wildfires and corporate malfeasance—requires, more than anything else, coming up with new ways to manage the powerful interactions that surround us. For carbon emissions and other environmental damage, this means ensuring that those responsible pay their full costs rather than continuing to pass them along to others, including future generations. In The Spirit of Green, Nobel Prize–winning economist William Nordhaus describes a new way of green thinking that would help us overcome our biggest challenges without sacrificing economic prosperity, in large part by accounting for the spillover costs of economic collisions. In a discussion that ranges from the history of the environmental movement to the Green New Deal, Nordhaus explains how the spirit of green thinking provides a compelling and hopeful new perspective on modern life. At the heart of green thinking is a recognition that the globalized world is shaped not by isolated individuals but rather by innumerable interactions inside and outside the economy. He shows how rethinking economic efficiency, sustainability, politics, profits, taxes, individual ethics, corporate social responsibility, finance, and more would improve the effectiveness and equity of our society. And he offers specific solutions—on how to price carbon, how to pursue low-carbon technologies, how to design an efficient tax system, and how to foster international cooperation through climate clubs. The result is a groundbreaking new vision of how we can have our environment and our economy too.




Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates


Book Description

This paper updates estimates of fossil fuel subsidies, defined as fuel consumption times the gap between existing and efficient prices (i.e., prices warranted by supply costs, environmental costs, and revenue considerations), for 191 countries. Globally, subsidies remained large at $4.7 trillion (6.3 percent of global GDP) in 2015 and are projected at $5.2 trillion (6.5 percent of GDP) in 2017. The largest subsidizers in 2015 were China ($1.4 trillion), United States ($649 billion), Russia ($551 billion), European Union ($289 billion), and India ($209 billion). About three quarters of global subsidies are due to domestic factors—energy pricing reform thus remains largely in countries’ own national interest—while coal and petroleum together account for 85 percent of global subsidies. Efficient fossil fuel pricing in 2015 would have lowered global carbon emissions by 28 percent and fossil fuel air pollution deaths by 46 percent, and increased government revenue by 3.8 percent of GDP.




The Long Thaw


Book Description

Why a warmer climate may be humanity’s longest-lasting legacy The human impact on Earth's climate is often treated as a hundred-year issue lasting as far into the future as 2100, the year in which most climate projections cease. In The Long Thaw, David Archer, one of the world’s leading climatologists, reveals the hard truth that these changes in climate will be "locked in," essentially forever. If you think that global warming means slightly hotter weather and a modest rise in sea levels that will persist only so long as fossil fuels hold out (or until we decide to stop burning them), think again. In The Long Thaw, David Archer predicts that if we continue to emit carbon dioxide we may eventually cancel the next ice age and raise the oceans by 50 meters. A human-driven, planet-wide thaw has already begun, and will continue to impact Earth’s climate and sea level for hundreds of thousands of years. The great ice sheets in Antarctica and Greenland may take more than a century to melt, and the overall change in sea level will be one hundred times what is forecast for 2100. By comparing the global warming projection for the next century to natural climate changes of the distant past, and then looking into the future far beyond the usual scientific and political horizon of the year 2100, Archer reveals the hard truths of the long-term climate forecast. Archer shows how just a few centuries of fossil-fuel use will cause not only a climate storm that will last a few hundred years, but dramatic climate changes that will last thousands. Carbon dioxide emitted today will be a problem for millennia. For the first time, humans have become major players in shaping the long-term climate. In fact, a planetwide thaw driven by humans has already begun. But despite the seriousness of the situation, Archer argues that it is still not too late to avert dangerous climate change--if humans can find a way to cooperate as never before. Revealing why carbon dioxide may be an even worse gamble in the long run than in the short, this compelling and critically important book brings the best long-term climate science to a general audience for the first time. With a new preface that discusses recent advances in climate science, and the impact on global warming and climate change, The Long Thaw shows that it is still not too late to avert dangerous climate change—if we can find a way to cooperate as never before.




Climatology versus Pseudoscience


Book Description

This book explains the science of climate change in plain language and shows that the 2 to 4 percent of climate scientists who are skeptical that humans are the main cause of global warming are a fringe minority—and have a well-established history of being wrong. Although some politicians, pundits, and members of the public do not believe it, global warming predictions by mainstream climate scientists have been remarkably accurate while those made by climate deniers have not. And if mainstream global warming predictions continue to prove correct, the window of opportunity to prevent a climate catastrophe is quickly closing. This book is the first to illustrate the accuracy—and inaccuracy—of global warming predictions made by mainstream climate scientists and by climate contrarians from the 1970s to the present day. Written in simple, non-technical language that provides an accessible explanation of key climate science concepts, the book will appeal to general audiences without previous knowledge about climate science. Author Dana Nuccitelli, an environmental scientist and risk assessor, discusses some key climate discoveries dating back to the 19th century and debunks myths such as the idea that climate scientists and climate models have grossly over-predicted global warming. He addresses recent findings of a 97-percent consensus in the peer-reviewed scientific literature that humans are causing global warming—a nearly unanimous agreement that formed in the early 1990s and has grown through the present day. Nuccitelli also discusses what the future climate might look like if current trends continue unabated, and what we as a global society need to do to prevent a climate catastrophe.




The Callendar Effect


Book Description

Guy Stewart Callendar (1898–1964) is noted for identifying, in 1938, the link between the artifcial production of carbon dioxide and global warming. Today this is called the “Callendar Efect. ” He was one of Britain’s leading steam and combustion engineers, a specialist in infrared physics, author of the standard reference book on the properties of steam at high tempe- tures and pressures, and designer of the burners of the notable World War II airfeld fog dispersal system, FIDO. He was keenly interested in weather and climate, taking measurement so accurate that they were used to correct the ofcial temperature records of central England and collecting a series of worldwide weather data that showed an unprecedented warming trend in the frst four decades of the twentieth century. He formulated a coherent theory of infrared absorption and emission by trace gases, established the nineteenth-century background concentration of carbon dioxide, and - gued that its atmospheric concentration was rising due to human activities, which was causing the climate to warm. Callendar’s contributions to climatology led the way in the mid-twentie- century transition from the traditional practice of gathering descriptive c- mate statistics to the new and exciting feld of climate dynamics. In the frst half of the twentieth century, the carbon dioxide theory of climate change xiv Introduction had fallen out of favor with climatists.




The Fiscal Costs of Contingent Liabilities


Book Description

We construct the first comprehensive dataset of contingent liability realizations in advanced and emerging markets for the period 1990–2014. We find that contingent liability realizations are a major source of fiscal distress. The average fiscal cost of a contingent liability realization is 6 percent of GDP but costs can be as high as 40 percent for major financial sector bailouts. Contingent liability realizations are correlated among each other and tend to occur during periods of growth reversals and crises, accentuating pressure on the budget during already difficult times. Countries with stronger institutions are able to better control and address the underlying risks so that they are less exposed to contingent liability realizations.