Put carbon dividend at the core of post-COVID reboot

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Put carbon dividend at the core of post-COVID reboot

Welcome to our expert series on the post-COVID reset. That is, a reset along a more inclusive path. The series introduces listeners to leading thinkers as they debate concrete policy options for such a recovery and take stock of the data that could (and should) inform these policy shifts. 
 
This is a 3-part podcast to connect the dots between carbon tax, carbon dividend, and universal basic income (UBI) – what are the emerging ideas and how we should be equity-weighting policy options in this recovery.
 
Our expert is Anders Fremstad, Assistant Professor in the Economics Department at Colorado State University. His expertise is in the political economy of the environment, especially the sharing economy and the climate crisis. Anders has written on the distributional impact of carbon pricing policies, carbon dividends, and the connections between the latter with UBI. These are at the core of our discussion today.  

  

The host is John Crowley, UNESCO's Chief of Research, Policy and Foresight. 

  

Part 1: Carbon price-and-dividend 

 

Green transition and environmental justice are central to the debate on inclusive post-COVID recovery. The carbon tax and the carbon dividends closely connect to such an agenda. Part 1 debates these, delving into: 

  • The core of carbon tax and, importantly, its possible regressive aspects; 
  • Ways to make carbon tax more equity-weighted and the role of carbon dividends; and 
  • The uses of carbon revenues – in what and why it should be invested. 

 

 

  | ► PLAY PART 1: Carbon price-and-dividend

 

 

 

 

Part 2: Carbon dividend as UBI 

 

There has been a surge in the interest in UBI as part of the immediate and longer-term COVID response. In other podcasts, we discussed the option of financing UBI through carbon dividends. Part 2 digs deeper into this option by discussing: 

  • If/why carbon dividends can be used as an UBI;  
  • Key pitfalls of solely relying on carbon dividends to fund (substantive and sustained) UBI; and 
  • Ideas for hybrid financing of UBI – through carbon dividends and other sources. 

 

 

  | ► PLAY PART 2: Carbon dividend as UBI

 

 

 

 

 

Have you read?  
  Basic Income – think data then policy
  Greening the Basic Income​
  Gender inequality in times of COVID-19 – give women cash
  Minimum subsistence income, the Spanish way

 

Part 3: Knowledge and policy
 
The key concern of the UNESCO Inclusive Policy Lab is connecting knowledge and data to policy on the ground. Part 3, therefore, talks to: 

  • Knowledge producers about key messages that need to be amplified to penetrate better policy and public debates on carbon price-and-dividend and inclusive recovery; and 
  • Policy communities about possible courses of action and emerging data that deserve closer attention. 

 

 

| ► PLAY PART 3: Knowledge and policy

 

 

 

 

 

Listen for more  
  Basic Income – deciphering the promises and the data​
  Close social protection gaps to reset equitably after COVID-19 
  Universal Basic Income and beyond - what are our options for recovery

 

On the go? Listen and subscribe here:

 

Also on: Apple Podcasts | Google Podcasts | Anchor.fm | Radio Public  

 

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The interviewee is responsible for the facts cited in the podcast and the opinions expressed therein, which are not necessarily those of UNESCO and do not commit the Organization. 

 

 

 

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