02741cas a2200325 a 4500 AALejournalIMF022591 230101c9999 xx r poo 0 0eng d 5.00 USD 9798400203763 1018-5941 BD-DhAAL BD-DhAAL Linsenmeier, Manuel. Policy Sequencing Towards Carbon Pricing : Empirical Evidence From G20 Economies and Other Major Emitters / Manuel Linsenmeier, Adil Mohommad, Gregor Schwerhoff. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (33 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Carbon pricing is considered the most efficient policy to reduce greenhouse gas emissions but it has also been conjectured that other policies need to be implemented first to remove certain economic and political barriers to stringent climate policy. Here, we examine empirical evidence on the the sequence of policy adoption and climate policy portfolios of G20 economies and other major emitters that eventually implemented a national carbon price. We find that all countries adopted carbon pricing late in their instrument sequence after the adoption of (almost) all other instrument types. Furthermore, we find that countries that adopted carbon pricing in a given year had significantly larger climate policy portfolios than those that did not. In the last part of the paper, we examine heterogeneity among countries that eventually adopted a carbon price. We find large variation in the size of policy portfolios of adopters of carbon pricing, with more recent adopters appearing to have introduced carbon pricing with smaller portfolios. Furthermore, countries that adopted carbon pricing with larger policy portfolios tended to implement a higher carbon price. Overall, our results thus suggest that policy sequencing played an important role in climate policy, specifically the adoption of carbon pricing, over the last 20 years. Mode of access: Internet Climate imf Energy imf Environmental Taxes and Subsidies imf Redistributive Effects imf Taxation and Subsidies imf Mohommad, Adil. Schwerhoff, Gregor. IMF Working Papers; Working Paper ;No. 2022/066 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=066 IMF e-Library