This paper compares the effectiveness of different fiscal policy instruments – carbon pricing, fiscal incentives for private green investments, and public green investment – in supporting a green recovery that is also fiscally sustainable. It uses a new Integrated Assessment Model (IAM) with...

Transitioning to a climate-resilient future can offer significant economic benefits when compared to maintaining current emissions levels. Renewables and electrification promise reducing dependence on fossil fuels, benefiting both the environment and human well-being. The transition to a green...