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.

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Metadaten
Document Type:Article
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
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