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Combining ambitious climate policies with efforts to eradicate poverty

Economics

Combining ambitious climate policies with efforts to eradicate poverty

B. Soergel, E. Kriegler, et al.

This study reveals alarming projections of poverty rates until 2050, indicating that without effective climate policies, 350 million people could live in extreme poverty by 2030. However, innovative solutions like carbon pricing revenues redistribution can lead to significant global poverty reduction, particularly in Sub-Saharan Africa. Research by Bjoern Soergel, Elmar Kriegler, Benjamin Leon Bodirsky, Nico Bauer, Marian Leimbach, and Alexander Popp.

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Playback language: English
Abstract
This study projects poverty rates until 2050, assessing the influence of mitigation policies consistent with the 1.5°C target. Continuing historical trends will leave 350 million in extreme poverty by 2030. Without progressive redistribution, climate policies would add 50 million more. However, redistributing carbon pricing revenues as an equal-per-capita climate dividend compensates this, even leading to a small net reduction. An international climate finance scheme enables substantial poverty reduction globally and in Sub-Saharan Africa. Combining national redistribution with international climate finance provides an entry point to climate policy in developing countries.
Publisher
Nature Communications
Published On
Apr 27, 2021
Authors
Bjoern Soergel, Elmar Kriegler, Benjamin Leon Bodirsky, Nico Bauer, Marian Leimbach, Alexander Popp
Tags
poverty reduction
climate policies
1.5°C target
carbon pricing
international finance
redistribution
Sub-Saharan Africa

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