Progressive climate policy can reduce extreme poverty: study
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PARIS, April 28, 2021 (BSS/AFP) – Ambitious climate policies could reduce extreme poverty in developing countries if governments opted for robust taxes on emitters that were then fairly distributed to help the poor, new research showed Tuesday.
Authors of the study said the results showed that policymakers were facing a false choice between climate change mitigation and poverty reduction.
Since fossil fuels and agricultural chemicals such as fertilisers are so heavily subsidised, any attempt to remove taxpayer support to these unsustainable practices frequently prompts fears of higher prices for consumers.
Industry lobbyists also argue that cheap sources of energy such as coal have a role to play in expanding access to electricity in developing countries.
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Extreme Poverty Will Be Reduced if We Tackle Climate Change Right, Study Shows
PATRICK GALEY, AFP
28 APRIL 2021
Ambitious climate policies could reduce extreme poverty in developing countries if governments opted for robust taxes on emitters that were then fairly distributed to help the poor, new research showed Tuesday.
Authors of the study said the results showed that policymakers were facing a false choice between climate change mitigation and poverty reduction.
Since fossil fuels and agricultural chemicals such as fertilizers are so heavily subsidized, any attempt to remove taxpayer support to these unsustainable practices frequently prompts fears of higher prices for consumers.
Tackling climate change is a great way to alleviate extreme poverty, new study shows
The two work hand in hand. A A
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Implementing steep taxes on rich greenhouse gas emitters and then fairly distributing the income to help the poor could help reduce poverty in developing countries, contrasting conventional wisdom that we either have to tackle poverty or the climate.
Image credit: Flickr / gato-gato-gato
Climate change doesn’t affect everyone in the same way. Around the world, the poorest people are often disproportionately affected, as they have very few ways to shield themselves from the effects. Without urgent action, climate change could push an additional 100 million people into poverty, according to the World Bank.
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