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Seven reasons to use carbon pricing in climate policy [1]

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. The document presents 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, it provide ideas on how to implement a uniform global carbon price, whether using a carbon tax or emissions trading.

Publication Date: 
11/02/2016
Andrea Baranzini [2], Jeroen van den Bergh [3], Stefano Carattini [4], & et al [5]
Centre for Climate Change Economics and Policy (CCCEP) [6]
Tags:
Climate Change [7], Carbon Tax [8], Emissions Trading [9], Carbon Intensity [10], Green House Gases [11], Carbon Dioxide [12], Energy Efficiency [13]

Technology Partners: MimirTech

Source URL: http://admin.indiaenvironmentportal.org.in/reports-documents/seven-reasons-use-carbon-pricing-climate-policy

Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/seven-reasons-use-carbon-pricing-climate-policy
[2] http://admin.indiaenvironmentportal.org.in/category/author/andrea-baranzini
[3] http://admin.indiaenvironmentportal.org.in/category/author/jeroen-van-den-bergh
[4] http://admin.indiaenvironmentportal.org.in/category/author/stefano-carattini
[5] http://admin.indiaenvironmentportal.org.in/category/author/et-al
[6] http://admin.indiaenvironmentportal.org.in/category/publisher/centre-climate-change-economics-and-policy-cccep
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/carbon-tax
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/emissions-trading
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/carbon-intensity
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/green-house-gases
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/carbon-dioxide
[13] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy-efficiency