{"word_count": 160, "character_count": 1109}
The Possibilities For  Global Poverty Reduction Using Revenues From Global Carbon Pricing / Davies, J.B., X. Shi and J. Whalley. NBER  Working Paper No. 16878, Mar 2011.http://www.nber.org/papers/w16878Global carbon pricing can yield revenues which are large enough to  create significant global pro-poor redistributive opportunities. We  analyze alternative multidecade growth trajectories for major global  economies with carbon tax rates designed to stabilize emissions in the  presence of both continued country growth and autonomous energy use  efficiency improvement. In our central case analysis, revenues from  globally internalizing carbon pricing rise to 7% and then fall to 5% of  gross world product. High growth in India and China is the major  equalizing force globally over time, but the incremental redistributive  effects that can be achieved using global carbon pricing revenues are  large both in absolute and relative terms. Revenues from carbon pricing  depend on growth and energy efficiency improvement parameters as well as  on the price elasticity of demand for fossil fuels. (© NBER)