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Title Impacts of Income Inequality on CO2 Emission under Different Climate Change Mitigation Policies
   
Author Jeong Hwan Bae (Chonnam National University)
   
Volume 34 Number 2
       
Pages 187-211 
       
Keywords Income Inequality, CO2 emission, Economic Growth, Climate Change Mitigation Policies
       
Abstract This study empirically examines whether income inequality affects CO2 emission under
various climate change mitigation policies. The climate change mitigation policies include
carbon tax, emission trading, renewable portfolio standard, feed-in tariff, and renewable
fuel standard. The total marginal effect of inequality on CO2 emission is divided into direct,
indirect, and interaction effects. Results show that high-income inequality directly raises
CO2 emission while indirectly reducing it through its impact on economic growth.
Inequality weakens the effectiveness of certain climate change mitigation policies through an
interaction effect between inequality and climate change mitigation policies. Whether
inequality increases CO2 emission or vice versa cannot be confirmed from the empirical
outcomes of total marginal effects of inequality on CO2 emission under different climate
change mitigation policies. However, the effectiveness of climate change mitigation policies
may be diminished when high inequality exists in a country.
   
File KER-20180701-34-2-04.pdf
   
 
 
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