Political Economy Determinants of Carbon Pricing
- Carbon pricing is widely considered a key policy instrument for achieving substantial climate change mitigation. However, implementation remains patchy and price levels vary significantly across countries and regions. In this article, we analyze the structural social, political, and economic conditions under which carbon prices have been implemented so far. We estimate a Tobit regression model to investigate variations in explicit carbon prices over 262 national and subnational jurisdictions. Our results highlight well-governed institutions and public attitudes as the most important conditions for carbon pricing and characterize fossil fuel consumption as a barrier to the implementation of carbon prices. The results suggest that governance and public attitude need to be integrated into political economy analysis. Policy makers should take regulatory capacities and public attitudes seriously when designing carbon pricing policies.
Document Type: | Article |
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Language: | English |
Author(s): | Sebastian LeviORCiD, Christian FlachslandORCiD, Michael Jakob |
Parent Title (English): | Global Environmental Politics |
ISSN: | 1526-3800 |
Publication year: | 2020 |
Publishing Institution: | Hertie School |
First Page: | 128 |
Last Page: | 156 |
DOI: | https://doi.org/10.1162/glep_a_00549 |
Release Date: | 2020/07/09 |
Tag: | Centre for Sustainability |
Volume: | 20 |
Issue: | 2 |
Notes: | This is a post-print version of an article published in Global Environmental Politics. Citation: Levi, Sebastian, Christian Flachsland, and Michael Jakob. "Political Economy Determinants of Carbon Pricing." Global Environmental Politics 20.2 (2020): 128-156. Copyright statement: © 2020 by the Massachusetts Institute of Technology Link: https://www.mitpressjournals.org/doi/abs/10.1162/glep_a_00549 |
Hertie School Research: | Centre for Sustainability |
Licence of document (German): | Metadaten (öffentlich), post-print |