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A Climate-Fiscal Policy Mix to Achieve Türkiye’s Net-Zero Ambition under Feasibility Constraints (Английский)

This paper employs an estimated dynamic stochastic open-economy macro framework to identify policy interventions that allow Türkiye to achieve net-zero emissions by 2053 while respecting important feasibility constraints such as fiscal consolidation and sovereign debt stability as well as compensation of low-income households. The policy mix includes a carbon tax, a renewable energy subsidy, transfer payments, public infrastructure investments, a...
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