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Shifting Paradigms in Carbon Pricing

  • Carbon pricing is essential to achieve a reduction in global CO2 emissions. A carbon price can either be set directly via a carbon tax (price control) or be achieved through a cap-and-trade system (quantity control). While there has been much debate about the relative merits of each approach, cap-and-trade systems have been favoured in the political arena. In principle, they offer the most straightforward way to achieve a country’s emission reduction target by simply setting the cap at the remaining emission budget. Existing emissions trading schemes (ETSs) can be found in Europe, California and Québec, for example.

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Metadaten
Document Type:Article
Language:English
Author(s):Ottmar EdenhoferORCiD, Brigitte Knopf, Kerstin Burghaus, Christian FlachslandORCiD, Michael Jakob, Nicolas Koch
Parent Title (English):Intereconomics
Publication year:2018
Publishing Institution:Hertie School
First Page:135
Last Page:140
DOI:https://doi.org/10.1007/s10272-018-0735-6
Release Date:2019/02/13
Volume:53
Issue:3
Hertie School Research:Centre for Sustainability
Licence of document (German):Metadaten / metadata
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