IMF Financial Monitoring Report
How to Mitigate Climate Change?
China has made notable progress in tackling climate change and has committed to have carbon emission peaking by 2030. This seminar will give an overview of the recent IMF Fiscal Monitor on how to mitigate climate change and on issues particularly relevant for China. It emphasizes the case for using carbon taxes, or similar pricing schemes such as emission trading systems, to implement climate mitigation strategies. It provides a quantitative framework for understanding their effects and trade-offs with other instruments. Alternative approaches, like “feebates” to impose fees on high polluters and give rebates to cleaner energy users, can play an important role when higher energy prices are difficult politically. The report estimates the consequences of carbon pricing and redistribution of its revenues for inequality across households, along with a discussion on supporting measures to promote clean technology investments.
Guidance: Green Finance Committee, China Society for Finance & Banking (GFC)
Hosted by: Chongyang Institute for Financial Studies, Renmin University of China (RDCY)
IMF China Resident Representative Office
Organizer: The Centre for Eco-Financial Studies, Renmin University of China
Time: Thursday December 12th, 2019, 14:00 –15:45
Venue: Chongyang Institute for Financial Studies at Renmin University of China (RDCY)
Room 602, 6th Floor, Wenhua Building, No. 59 Zhongguancun Street, Haidian District, Beijing
Yang Qingqing, Assistant Dean of Chongyang Institute for Financial Studies at Renmin University of China (RDCY)
Catherine Pattillo is an Assistant Director in the International Monetary Fund’s Fiscal Affairs Department and chief of the Fiscal Policy and Surveillance Division, responsible for the IMF’s Fiscal Monitor. She holds a Ph.D. in economics from Yale University and has taught at Oxford University. Since joining the Fund, she has worked in the Research Department and on countries in Africa and the Caribbean, and the Strategy, Policy and Review Department.
14:00-14:05 Introduction of guests by Ms. Yang Qingqing
14:05-14:15 Opening remark by Dr. Wang Wen
14:15-15:00 Keynote speech by Catherine Pattillo (IMF)
15:00-15:30 Comments and discussion
Catherine Pattillo, Assistant Director of Fiscal Affairs Department, IMF
Zhang Longmei, Deputy Representative of IMF Office in China
Wang Xiaotong, Economist of IMF Office in China
Wang Wen, Executive Dean of Chongyang Institute for Financial Studies, Renmin University of China
Liu Zhiqin, Senior Fellow of Chongyang Institute for Financial Studies, Renmin University of China
Lan Hong, Professor of School of Environment and Natural Research, Renmin University of China
Cao Mingdi, Deputy Director of Department of Green Finance and Research fellow of Center for Eco-Financial Studies, Chongyang Institute for Financial Studies at Renmin University of China
Yang Fanxin, Research Fellow of Chongyang Institute for Financial Studies, Renmin University of China