Can the Paris deal boost SDGs achievement? An assessment of climate mitigation co-benefits or side-effects on poverty and inequality

•We estimate the impact of mitigation goals on future poverty and inequality trends.•Stringent mitigation plans may slowdown poverty reduction in developing countries.•Global poverty in 2030 is estimated to be 4% higher than in the baseline scenario.•A minor and heterogeneous effect is detectable on income distribution.•Climate transfers have a positive effect, but do not offset total poverty increase.