Navigating Carbon Pricing Policies Assessing The Efficacy And Practicality Of Carbon Tax And Emission Trading Schemes For Climate Change Mitigation

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Navigating Carbon Pricing Policies. Assessing the Efficacy and Practicality of Carbon Tax and Emission Trading Schemes for Climate Change Mitigation

Author : Armstrong Odiwuor
Publisher : GRIN Verlag
ISBN 13 : 3389026592
Total Pages : 18 pages
Book Rating : 4.3/5 (89 download)

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Book Synopsis Navigating Carbon Pricing Policies. Assessing the Efficacy and Practicality of Carbon Tax and Emission Trading Schemes for Climate Change Mitigation by : Armstrong Odiwuor

Download or read book Navigating Carbon Pricing Policies. Assessing the Efficacy and Practicality of Carbon Tax and Emission Trading Schemes for Climate Change Mitigation written by Armstrong Odiwuor and published by GRIN Verlag. This book was released on 2024-05-24 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2022 in the subject Business economics - Accounting and Taxes, grade: 97, Free University of Berlin (Business Administration and Management), course: Business Management, Marketing, language: English, abstract: Carbon pricing, encompassing carbon tax (CAT) and emission trading schemes (ETS), stands at the forefront of climate change mitigation policies. This paper critically examines the effectiveness and practicality of these policies, particularly in reducing carbon emissions. Drawing from existing literature, it argues that carbon tax offers significant advantages over ETS in terms of practical implementation, environmental impact, and economic efficiency. However, it acknowledges the complexities and challenges associated with both approaches. One key aspect analyzed is the certainty regarding cost and benefits of abating carbon emissions. Carbon tax provides a relatively stable pricing mechanism, simplifying cost determination, while ETS offers more certainty about emission reductions and associated benefits. The paper discusses the trade-offs between these two approaches based on the shape of marginal cost and benefit functions, as proposed by Weitzman (1974). Revenue generation and utilization are also examined, revealing that carbon taxes tend to raise more revenue compared to ETS due to differences in pricing mechanisms. Effective utilization of these revenues is crucial for economic efficiency and addressing distributional concerns. Additionally, administrative requirements and political factors influencing policy adoption and design are discussed. The paper also evaluates China's carbon pricing landscape in China, highlighting the challenges faced by its ETS program and proposing a hybrid approach incorporating carbon taxes. Such a hybrid system aims to address administrative burdens while ensuring broader coverage of carbon pricing across sectors and industries. In conclusion, while both carbon tax and ETS have their merits, carbon tax emerges as a more practical and effective option. However, the paper suggests that a hybrid approach, tailored to specific contexts like China, could offer a viable solution to carbon emission reduction challenges. Overall, the paper contributes to the ongoing discourse on carbon pricing policies and their implications for climate change mitigation efforts.

Carbon Pricing

Author : Larry Kreiser
Publisher : Edward Elgar Publishing
ISBN 13 : 178536023X
Total Pages : 256 pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis Carbon Pricing by : Larry Kreiser

Download or read book Carbon Pricing written by Larry Kreiser and published by Edward Elgar Publishing. This book was released on 2015-08-28 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Carbon Pricing reflects upon and further develops the ongoing and worthwhile global debate into how to design carbon pricing, as well as how to utilize the financial proceeds in the best possible way for society. Ê The world has recently witnesse

Carbon Taxes Or Emissions Trading Systems?

Author : Mr. Simon Black
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Carbon Taxes Or Emissions Trading Systems? by : Mr. Simon Black

Download or read book Carbon Taxes Or Emissions Trading Systems? written by Mr. Simon Black and published by International Monetary Fund. This book was released on 2022-07-21 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Carbon pricing should be a central element of climate mitigation strategies, helping countries transition to ‘net zero’ greenhouse gas emissions over the next three decades. Policymakers considering introducing or scaling up carbon pricing face technical choices between carbon taxes and emissions trading systems (ETSs) and in their design. This includes administration, price levels, relation to other mitigation instruments, use of revenues to address efficiency and distributional objectives, supporting measures to address competitiveness concerns, extension to broader emissions sources, and coordination at the global level. Political economy considerations also affect the choice and design of instruments. This paper discusses such issues in the choice between and design of carbon taxes and ETSs, providing guidance, broader considerations, and quantitative analyses. Overall, carbon taxes have significant practical advantages over ETSs (especially for developing countries) due to ease of administration, price certainty to promote investment, the potential to raise significant revenues, and coverage of broader emissions sources—but ETSs can have significant political economy advantages.

Carbon Pricing

Author : John Quiggin
Publisher : Edward Elgar Publishing
ISBN 13 : 1782547746
Total Pages : 209 pages
Book Rating : 4.7/5 (825 download)

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Book Synopsis Carbon Pricing by : John Quiggin

Download or read book Carbon Pricing written by John Quiggin and published by Edward Elgar Publishing. This book was released on 2014-04-25 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2012, Australia took the major step of introducing a carbon price, involving the creation of a system of emissions permits initially issued at a fixed price. Carbon Pricing brings together experts instrumental in the development, and operation, of A

State and Trends of Carbon Pricing 2014

Author : World Bank World Bank
Publisher : World Bank Publications
ISBN 13 : 1464802688
Total Pages : 140 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis State and Trends of Carbon Pricing 2014 by : World Bank World Bank

Download or read book State and Trends of Carbon Pricing 2014 written by World Bank World Bank and published by World Bank Publications. This book was released on 2014-05-28 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: The report is a one stop shop for learning about key developments and prospects of existing and emerging carbon initiatives. A challenging international carbon market has not stopped the development of domestic carbon pricing initiatives. Today, about 40 national and over 20 sub-national jurisdictions responsible for almost one fourth of global greenhouse gas emissions are putting a price on carbon. Together, these initiatives cover the equivalent of almost 6 gigatons of carbon dioxide, or about 12% of global emissions.

Implementing a US Carbon Tax

Author : Ian Parry
Publisher : Routledge
ISBN 13 : 1317602072
Total Pages : 303 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis Implementing a US Carbon Tax by : Ian Parry

Download or read book Implementing a US Carbon Tax written by Ian Parry and published by Routledge. This book was released on 2015-02-11 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the future extent and effects of global climate change remain uncertain, the expected damages are not zero, and risks of serious environmental and macroeconomic consequences rise with increasing atmospheric greenhouse gas concentrations. Despite the uncertainties, reducing emissions now makes sense, and a carbon tax is the simplest, most effective, and least costly way to do this. At the same time, a carbon tax would provide substantial new revenues which may be badly needed, given historically high debt-to-GDP levels, pressures on social security and medical budgets, and calls to reform taxes on personal and corporate income. This book is about the practicalities of introducing a carbon tax, set against the broader fiscal context. It consists of thirteen chapters, written by leading experts, covering the full range of issues policymakers would need to understand, such as the revenue potential of a carbon tax, how the tax can be administered, the advantages of carbon taxes over other mitigation instruments and the environmental and macroeconomic impacts of the tax. A carbon tax can work in the United States. This volume shows how, by laying out sound design principles, opportunities for broader policy reforms, and feasible solutions to specific implementation challenges.

Emission Trading or Global Carbon Tax? An Examination of Drawbacks and Advantages in both models

Author : Bikal Dhungel
Publisher : GRIN Verlag
ISBN 13 : 3668040222
Total Pages : 15 pages
Book Rating : 4.6/5 (68 download)

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Book Synopsis Emission Trading or Global Carbon Tax? An Examination of Drawbacks and Advantages in both models by : Bikal Dhungel

Download or read book Emission Trading or Global Carbon Tax? An Examination of Drawbacks and Advantages in both models written by Bikal Dhungel and published by GRIN Verlag. This book was released on 2015-09-03 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2015 in the subject Economy - Environment economics, grade: Very good ( German: 1,6), University of Glasgow (Adam Smith Business School), course: Sustainable Development, language: English, abstract: Following the introduction, important terms will be defined. Arguments about the advantages and disadvantages of both approaches will be discussed briefly, followed by a closer look into some scholarly evidence.

OECD Series on Carbon Pricing and Energy Taxation Effective Carbon Rates Pricing CO2 through Taxes and Emissions Trading Systems

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264260110
Total Pages : 174 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis OECD Series on Carbon Pricing and Energy Taxation Effective Carbon Rates Pricing CO2 through Taxes and Emissions Trading Systems by : OECD

Download or read book OECD Series on Carbon Pricing and Energy Taxation Effective Carbon Rates Pricing CO2 through Taxes and Emissions Trading Systems written by OECD and published by OECD Publishing. This book was released on 2016-09-26 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report presents the first full analysis of the use of carbon pricing on energy in 41 OECD and G20 economies, covering 80% of global energy use and of CO2 emissions.

Comparing Different Approaches to Tackle the Challenges of Global Carbon Pricing

Author : Eddy Bekkers
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (133 download)

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Book Synopsis Comparing Different Approaches to Tackle the Challenges of Global Carbon Pricing by : Eddy Bekkers

Download or read book Comparing Different Approaches to Tackle the Challenges of Global Carbon Pricing written by Eddy Bekkers and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change mitigation faces two main policy challenges: the need for global cooperation to tackle the collective action problem and the need to share the burden of global carbon pricing fair way following the principle of common but differentiated responsibility (CBRD). In this paper we explore the best ways to incentivize regions to reduce their CO2 emissions while minimizing the welfare losses for low-income countries using simulations with a recursive dynamic computable general equilibrium (CGE) model. We first present the necessity, efficiency and urgency of global carbon pricing policies climate change mitigation policies. Global carbon pricing is necessary to tackle climate change, is more efficient than regional carbon pricing, and is urgent to prevent a patchwork of carbon pricing policies leading to calls for border carbon adjustment (BCA). However, because the impact of global carbon pricing on most regions is negative, complementary policies are needed to provide sufficient incentives to join a global carbon pricing coalition and at the same time share the burden fairly. We examine four potential complementary policies: BCA, Nordhaus's climate club, a global incentive scheme, and emission trading with progressive emission reduction targets. We evaluate these proposals based on their projected effects on average income and income inequality among countries, as well as their effectiveness as an incentive to introduce carbon pricing. BCA scores poorly along the three dimensions; Nordhaus's carbon club performs well as an incentive tool but has a negative impact on income and income inequality; the global carbon incentive has a positive impact on income and income inequality but performs poorly as an incentive tool; and emission trading with progressive reduction targets scores well across all dimensions. We conclude with a discussion of the feasibility of emission trading.

Carbon Pricing, Growth and the Environment

Author : Lawrence A. Kreiser
Publisher : Edward Elgar Publishing
ISBN 13 : 1781952191
Total Pages : 305 pages
Book Rating : 4.7/5 (819 download)

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Book Synopsis Carbon Pricing, Growth and the Environment by : Lawrence A. Kreiser

Download or read book Carbon Pricing, Growth and the Environment written by Lawrence A. Kreiser and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: ïThe scope, depth and persistence with which this book explores carbon pricing is admirable, reflecting that despite political reluctance it is a topic in all parts of the world.Í _ Mikael Skou Andersen, Aarhus University, Denmark and European Environment Agency ïEnvironmental taxation and emissions trading continue to be high on the public policy agenda in many countries, and this is another welcome and very interesting volume in the Critical Issues in Environmental Taxation series that presents new ideas and evidence on these subjects from a wide range of countries and a variety of perspectives.Í _ Paul Ekins, University College London, UK This original and timely volume provides unique insights and analysis on the pressing question of how to achieve environmental sustainability while fostering economic growth. The emphasis of the book lies in finding critical solutions to global climate change including chapters on environmental fiscal reform and unemployment in Spain, EU structural and cohesion policy and sustainable development, ecological tax reform in Europe and Asia, AustraliaÍs carbon pricing mechanism, and many other timely topics. This insightful volume will appeal to policy makers in government as well as academics and students in environmental law, environmental economics and environmental sustainability.

State and Trends of Carbon Pricing 2015

Author : Alexandre Kossoy
Publisher : World Bank Publications
ISBN 13 : 1464807256
Total Pages : 92 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis State and Trends of Carbon Pricing 2015 by : Alexandre Kossoy

Download or read book State and Trends of Carbon Pricing 2015 written by Alexandre Kossoy and published by World Bank Publications. This book was released on 2015 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: The report is a one stop shop for learning about key developments and prospects of existing and emerging carbon initiatives. A challenging international carbon market has not stopped the development of domestic carbon pricing initiatives. Today, about 40 national and over 20 sub-national jurisdictions responsible for almost one fourth of global greenhouse gas emissions are putting a price on carbon. Together, these initiatives cover the equivalent of almost 6 gigatons of carbon dioxide, or about 12% of global emissions.--Résumé de l'éditeur.

The Green Market Transition

Author : Stefan E. Weishaar
Publisher : Edward Elgar Publishing
ISBN 13 : 1788111176
Total Pages : 305 pages
Book Rating : 4.7/5 (881 download)

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Book Synopsis The Green Market Transition by : Stefan E. Weishaar

Download or read book The Green Market Transition written by Stefan E. Weishaar and published by Edward Elgar Publishing. This book was released on 2017-08-25 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Paris Agreement’s key objective is the strengthening of the global response to climate change by transitioning the world to an increasingly green economy. In this book, environmental tax and climate law experts examine carbon taxes energy subsidies, and support schemes for carbon and energy policies. Chapters reflect on the underlying policy dynamics and the constraints of various fiscal measures, and consider the harmonisation of smart instrument mixes.

Carbon Pricing for Energy Transition and Decarbonization

Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 929269846X
Total Pages : 158 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Carbon Pricing for Energy Transition and Decarbonization by : Asian Development Bank

Download or read book Carbon Pricing for Energy Transition and Decarbonization written by Asian Development Bank and published by Asian Development Bank. This book was released on 2022-11-01 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: Carbon pricing is an integral element of the climate policy architecture that can help countries reduce emissions cost-effectively, achieve climate targets articulated under their nationally determined contributions, and raise ambition over time. This study provides insights on how well-designed carbon pricing instruments can be woven into climate policies to accelerate efforts toward energy transition and decarbonization. Targeted at policymakers, it aims to help countries design and implement carbon pricing instruments tailored to their national circumstances and priorities that create low-cost, sustainable energy systems capable of boosting resilience and driving long-term growth.

Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature

Author : Signe Krogstrup
Publisher : International Monetary Fund
ISBN 13 : 1513511955
Total Pages : 58 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature by : Signe Krogstrup

Download or read book Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature written by Signe Krogstrup and published by International Monetary Fund. This book was released on 2019-09-04 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The literature provides a menu of policy tools for mitigation. A key conclusion is that fiscal tools are first in line and central, but can and may need to be complemented by financial and monetary policy instruments. Some tools and policies raise unanswered questions about policy tool assignment and mandates, which we describe. The literature is scarce, however, on the most effective policy mix and the role of mitigation tools and goals in the overall policy framework.

Global Carbon Pricing

Author : Peter Cramton
Publisher : MIT Press
ISBN 13 : 0262340399
Total Pages : 270 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis Global Carbon Pricing by : Peter Cramton

Download or read book Global Carbon Pricing written by Peter Cramton and published by MIT Press. This book was released on 2017-06-16 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the traditional “pledge and review” climate agreements have failed, and how carbon pricing, based on trust and reciprocity, could succeed. After twenty-five years of failure, climate negotiations continue to use a “pledge and review” approach: countries pledge (almost anything), subject to (unenforced) review. This approach ignores everything we know about human cooperation. In this book, leading economists describe an alternate model for climate agreements, drawing on the work of the late Nobel laureate Elinor Ostrom and others. They show that a “common commitment” scheme is more effective than an “individual commitment” scheme; the latter depends on altruism while the former involves reciprocity (“we will if you will”). The contributors propose that global carbon pricing is the best candidate for a reciprocal common commitment in climate negotiations. Each country would commit to placing charges on carbon emissions sufficient to match an agreed global price formula. The contributors show that carbon pricing would facilitate negotiations and enforcement, improve efficiency and flexibility, and make other climate policies more effective. Additionally, they analyze the failings of the 2015 Paris climate conference. Contributors Richard N. Cooper, Peter Cramton, Ottmar Edenhofer, Christian Gollier, Éloi Laurent, David JC MacKay, William Nordhaus, Axel Ockenfels, Joseph E. Stiglitz, Steven Stoft, Jean Tirole, Martin L. Weitzman

Carbon Taxation for International Maritime Fuels: Assessing the Options

Author : Ian Parry
Publisher : International Monetary Fund
ISBN 13 : 148437455X
Total Pages : 39 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Carbon Taxation for International Maritime Fuels: Assessing the Options by : Ian Parry

Download or read book Carbon Taxation for International Maritime Fuels: Assessing the Options written by Ian Parry and published by International Monetary Fund. This book was released on 2018-09-11 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: The International Maritime Organization (IMO) announced in April 2018 a target of cutting greenhouse gas (GHG) emissions from the sector by 50 percent below 2008 levels by 2050 and subsequent meetings of the IMO will develop a strategy for making headway on this commitment. This paper seeks to inform dialogue about the possibility of a carbon tax as a key element of GHG mitigation policy for international maritime transport. The paper discusses the case for the tax over alternative mitigation instruments, options for the practical design issues, and then presents estimates of the impacts of carbon taxation and other instruments from an analytical model of the maritime sector.

Carbon Pricing and Fossil Fuel Subsidy Rationalization Tool Kit

Author : Rachael Jonassen
Publisher : Asian Development Bank
ISBN 13 : 929270219X
Total Pages : 127 pages
Book Rating : 4.2/5 (927 download)

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Book Synopsis Carbon Pricing and Fossil Fuel Subsidy Rationalization Tool Kit by : Rachael Jonassen

Download or read book Carbon Pricing and Fossil Fuel Subsidy Rationalization Tool Kit written by Rachael Jonassen and published by Asian Development Bank. This book was released on 2023-07-01 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: This tool kit offers a step-by-step guide for economies in Asia and the Pacific looking to design, build, and implement emission trading systems (ETS) to help speed up their transition to a greener, more inclusive future. Using case studies to illustrate best practices and lessons learned by countries including Viet Nam and India, it explains the need to design robust legal frameworks before setting up ETSs. It outlines carbon taxes, analyzes fossil fuel subsidy rationalization, and shows why securing support from stakeholders is key for countries planning to implement ETS programs to help meet their climate targets.