01895cas a2200325 a 4500 AALejournalIMF022934 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400210532 1018-5941 BD-DhAAL BD-DhAAL Adrian, Tobias. The Great Carbon Arbitrage / Tobias Adrian, Patrick Bolton, Alissa Kleinnijenhuis. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (67 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 We measure the gains from phasing out coal as the social cost of carbon times the quantity of avoided emissions. By comparing the present value of the benefits from avoided emissions against the present value of costs of ending coal plus the costs of replacing it with renewable energy, our baseline estimate is that the world can realize a net gain of 77.89 trillion USD. This represents around 1.2% of current world GDP every year until 2100. The net benefits from ending coal are so large that renewed efforts, carbon pricing, and other financing policies we discuss, should be pursued. Mode of access: Internet Carbon imf Climate Policy imf Climate imf Environment imf Valuation of Environmental Effects imf Bolton, Patrick. Kleinnijenhuis, Alissa.. IMF Working Papers; Working Paper ; No. 2022/107 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=107 IMF e-Library