FEEM working papers "Note di lavoro" series
2011 .082

The Promise and Problems of Pricing Carbon: Theory and Experience


Autori: Joseph E. Aldy, Robert N. Stavins
Serie: Climate Change and Sustainable Development
Editor: Carlo Carraro
Tipo: Journal
Parole chiave: Global Climate Change, Market-Based Instruments, Carbon Pricing, Carbon Taxes, Cap-and-Trade, Emission Reduction Credits, Energy Subsidies, Clean Energy Standards
Numero JEL: Q540, Q580, Q400, Q480
JEL: Journal of Environment and Development
Pagine: Vol. 21, Issue 2, pp. 152-180
Data: 2012

Abstract

Because of the global commons nature of climate change, international cooperation among nations will likely be necessary for meaningful action at the global level.  At the same time, it will inevitably be up to the actions of sovereign nations to put in place policies that bring about meaningful reductions in the emissions of greenhouse gases.  Due to the ubiquity and diversity of emissions of greenhouse gases in most economies, as well as the variation in abatement costs among individual sources, conventional environmental policy approaches, such as uniform technology and performance standards, are unlikely to be sufficient to the task.  Therefore, attention has increasingly turned to market-based instruments in the form of carbon-pricing mechanisms.  We examine the opportunities and challenges associated with the major options for carbon pricing:  carbon taxes, cap-and-trade, emission reduction credits, clean energy standards, and fossil fuel subsidy reductions.

Suggested citation: Joseph E. Aldy and Robert N. Stavins, The Promise and Problems of Pricing Carbon: Theory and Experience, Journal of Environment and Development 21(2) 2012, pp 152-180

Download file
Scarica il file PDF
links
Link

FEEM Newsletter

Iscriviti per rimanere aggiornato.

I Suoi dati saranno trattati dalla Fondazione Eni Enrico Mattei. – Titolare del trattamento – per ricevere via posta elettronica la newsletter della Fondazione. Il conferimento dell’indirizzo e-mail è necessario alla fornitura del servizio. La invitiamo a consultare la Privacy Policy per ottenere maggiori informazioni a tutela dei Suoi diritti.

Questo Sito utilizza cookie tecnici e analytics, nonché consente l’invio di cookie di profilazione di terze parti.
Chiudendo questo banner o comunque proseguendo la navigazione sul Sito manifesti il tuo consenso all’uso dei cookie. Per ulteriori informazioni e per esprimere scelte selettive in ordine all’uso dei cookie vedi la   Cookie PolicyOk