Happy New Year! We are thrilled to announce the 17th IIOA Webinar, scheduled for Tuesday, January 14th, 2025, from 3:00 PM to 4:00 PM CET. We extend our heartfelt thanks to Joaquim Guilhoto and Gregory Legoff for hosting this insightful session titled “IMF Carbon Price App: Revealing Price and Revenue Dynamics in Global Supply Chains.”
SHORT BIOGRAPHY & RESEARCH BACKGROUND
Joaquim J.M. Guilhoto is a Senior Economist at the IMF. He previously worked at the OECD and served as a Professor at the University of São Paulo (USP) in Brazil, where he also held positions as Head of the Department of Economics and Associate Dean of the School of Economics, Management, and Accounting. He has held visiting professorships at MIT, the University of Illinois, University Paris-Dauphine, and the University of Lisbon. Joaquim specializes in applying input-output analysis to environmental issues and sustainable development. He has published over 300 papers and supervised more than 35 Ph.D. and master's students. He holds both an M.Sc. and a Ph.D. in economics from the University of Illinois.
Dr. Gregory Legoff is a Senior Economist in the Real Sector Division at the IMF’s Statistics Department. He was previously the IMF’s the Real Sector Statistics Advisor in Southern Africa for three years after three years in a similar position in the Pacific. Previously Gregory had worked for more than five years at the Australian Bureau of Statistics on national accounts statistics and more specifically on supply and use and input-output tables. Prior to this Gregory worked at the Organization for Economic Co-operation and Development in Paris on business and international trade statistics.
TOPIC
Abstract: Carbon pricing is a pivotal strategy in combating climate change, serving as a cost-effective and flexible tool to reduce greenhouse gas (GHG) emissions. By assigning a monetary value to carbon emissions, it internalizes the external costs associated with climate change—such as extreme weather, health risks, and biodiversity loss—making polluters responsible for the environmental damage they cause. This approach incentivizes businesses and individuals to reduce their carbon footprint, steering economic activities towards more sustainable practices. However, charging polluters raises the cost of producing goods and services that rely on fossil fuels, directly affecting industries such as manufacturing, transportation, and energy and indirectly affecting all economic activities. Effects on producers’ prices, inflation, or competitiveness are crucial for policy makers. As companies face higher production costs, they may pass these increased expenses onto consumers in the form of higher prices. Through the global value chain, the ripple effect of these cost increases can propagate. As raw materials and intermediate goods become more expensive, the cumulative effect magnifies, leading to a general rise in prices across different activities and countries. The Carbon Price App (CPA) facilitates the detailed analysis of price changes attributable to carbon pricing, targeting producers and consumers. This model integrates both the direct and indirect impacts on prices through the established methodology of input-output price modeling, while also considering the effect introduced by international trade through the global supply chain.
WEBINAR ACCESS
The Webinar will be using MS Teams. Click here:
https://teams.microsoft.com/l/meetup-join/19%3a0f520afa76574212b7e2d5406c8203f2%40thread.tacv2/1736038710105?context=%7b%22Tid%22%3a%2231a9f498-d1c1-4872-8443-cfbf4c8feca5%22%2c%22Oid%22%3a%2247b24896-e9d9-40e4-8414-14a6fea49cc7%22%7d
We intend to record the presentation and make it available after the event on the IIOA website.
