Seven reasons to use carbon pricing in climate policy

Baranzini, Andrea (Haute école de gestion de Genève, HES-SO // Haute Ecole Spécialisée de Suisse Occidentale) ; van den Bergh, Jeroen (ICREA, Barcelona) ; Carattini, Stefano (Haute école de gestion de Genève, HES-SO // Haute Ecole Spécialisée de Suisse Occidentale, Grantham Research Institute on climate change and the environment, London School of Economics and Political Science (LSE)) ; Howarth, Richard (Environmental Studies Program, Dartmouth College) ; Padilla, Emilio (Department of Applied Economics, Universitat Autónoma de Barcelona) ; Roca, Jordi (Faculty of Economics and Business, University of Barcelona)

The idea of a global carbon price has been a recurrent theme in debates on international climate policy. Discarded at the Conference of Parties (COP) of Copenhagen in 2009, it remained part of deliberations for a climate agreement in subsequent years. Unfortunately, there is still much misunderstanding about the reasons for implementing a global carbon price. As a result, ideological and political resistance against it prospers. Here we present the main arguments in favor of a carbon price to stimulate a fair and well-informed discussion about climate policy instruments. This includes arguments that have received surprisingly little attention so far. It is stressed that a main reason to use carbon pricing is environmental effectiveness, so not only economic efficiency (including the special case of cost-effectiveness). In addition, we provide ideas on how to implement a uniform global carbon price, whether using a carbon tax or emissions trading.


Keywords:
Faculty:
Economie et Services
School:
HEG - Genève
Institute:
CRAG - Centre de Recherche Appliquée en Gestion
Subject(s):
Economie/gestion
Publisher:
Genève, Haute école de gestion de Genève
Date:
Genève
Haute école de gestion de Genève
2015
Pagination:
14 p.
Series Statement:
Cahier de recherche No HES-SO/HEG-GE/C--15/4/1--CH
Appears in Collection:



 Record created 2015-11-26, last modified 2018-12-20

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