000001988 001__ 1988
000001988 005__ 20181207220032.0
000001988 022__ $$a1757-7799
000001988 0247_ $$2DOI$$a10.1002/wcc.462
000001988 037__ $$aARTICLE
000001988 041__ $$aeng
000001988 245__ $$aCarbon pricing in climate policy :$$bseven reasons, complementary instruments, and political economy considerations
000001988 260__ $$c2017
000001988 269__ $$a2017-07
000001988 300__ $$a17 p.
000001988 506__ $$avisible
000001988 520__ $$9eng$$aCarbon pricing is a recurrent theme in debates on climate policy. Discarded at the 2009 COP in Copenhagen, it remained part of deliberations for a climate agreement in subsequent years. As there is still much misunderstanding about the many reasons to implement a global carbon price, ideological resistance against it prospers. Here, we present the main arguments for carbon pricing, to stimulate a fair and well-informed discussion about it. These include considerations that have received little attention so far. We stress that a main reason to use carbon pricing is environmental effectiveness at a relatively low cost, which in turn contributes to enhance social and political acceptability of climate policy. This includes the property that corrected prices stimulate rapid environmental innovations. These arguments are underappreciated in the public debate, where pricing is frequently downplayed and the erroneous view that innovation policies are sufficient is widespread. Carbon pricing and technology policies are, though, largely complementary and thus are both needed for effective climate policy. We also comment on the complementarity of other instruments to carbon pricing. We further discuss distributional consequences of carbon pricing and present suggestions on how to address these. Other political economy issues that receive attention are lobbying, co-benefits, international policy coordination, motivational crowding in/out, and long-term commitment. The overview ends with reflections on implementing a global carbon price, whether through a carbon tax or emissions trading. The discussion goes beyond traditional arguments from environmental economics by including relevant insights from energy research and innovation studies as well.
000001988 592__ $$aHEG - Genève
000001988 592__ $$bCRAG - Centre de Recherche Appliquée en Gestion
000001988 592__ $$cEconomie et Services
000001988 655__ $$ascientifique
000001988 65017 $$aEconomie/gestion
000001988 700__ $$aBaranzini, Andrea$$uHaute école de gestion de Genève, HES-SO // Haute Ecole Spécialisée de Suisse Occidentale
000001988 700__ $$aVan den Bergh, Jeroen$$uInstitute of Environmental Science and Technology, Universitat Autònoma de Barcelona, Barcelona, Spain
000001988 700__ $$aCarattini, Stefano$$uYale School of Forestry & Environmental Studies and Grantham Research Institute on climate change and the environment and Centre for Climate Change Economics and Policy, London School of Economics and Political Science (LSE), London, UK
000001988 700__ $$aHowarth, Richard B.$$uEnvironmental Studies Program, Dartmouth College, Hanover, NH, USA
000001988 700__ $$aPadilla, Emilio$$uDepartment of Applied Economics, Universitat Autònoma de Barcelona, Barcelona, Spain
000001988 700__ $$aRoca, Jordi$$uDepartment of Economics, Faculty of Economics and Business, University of Barcelona, Barcelona, Spain
000001988 773__ $$g2017, vol. 8, issue 4, pp. 1-17$$tWiley Interdisciplinary Reviews: climate change
000001988 8564_ $$s212571$$uhttp://hesso.tind.io/record/1988/files/Baranzini_2017_carbon_princing.pdf
000001988 8564_ $$s1609205$$uhttp://hesso.tind.io/record/1988/files/Baranzini_2017_carbon_princing.pdf?subformat=pdfa$$xpdfa
000001988 906__ $$aGREEN
000001988 909CO $$ooai:hesso.tind.io:1988$$pHEG_GE_ARTICLES_SCIENTIFIQUES$$pGLOBAL_SET
000001988 950__ $$aI2
000001988 980__ $$ascientifique