All pages with keywords: carbon pricing

Carbon taxes and stranded assets: Evidence from Washington state

Carbon taxes and stranded assets: Evidence from Washington state

a working paper by Stefano Carattini, Suphi Sen 6 August, 2019

The authors of this paper show that while a convergence towards relatively high carbon prices is more than welcome from a climate perspective, central banks and other agencies responsible for financial stability may need to play close attention to such development. read more »


Creating a separate UK trading scheme for emissions the worst system of carbon pricing after Brexit

Press release 2 August, 2019

Carbon tax with “citizens’ dividend” one of best ways for UK to reach net zero by 2050 If the UK is to leave the EU Emissions Trading System as part … read more »


Global lessons for the UK in carbon taxes

Global lessons for the UK in carbon taxes

a policy publication by Josh Burke, Rebecca Byrnes, Sam Fankhauser 2 August, 2019

This policy brief analyses global trends in carbon taxation and differences in tax design around the world to draw out lessons for the design of a possible new carbon tax for the UK, as the country plans how to meet its ambitious new net-zero emissions target and how it prices carbon after Brexit. read more »


The future of carbon pricing: Consultation response

The future of carbon pricing: Consultation response

a policy publication by Josh Burke, Baran Doda, Luca Taschini, Linus Mattauch 2 August, 2019

This written evidence was submitted on 12 July 2019 to the joint consultation into ‘The future of carbon pricing’, being carried out by the UK, Scottish and Welsh Governments, and the Department of Agriculture, Environment and Rural Affairs in Northern Ireland. read more »


A strong carbon price to help the UK get to net-zero

a commentary by Josh Burke 24 June, 2019

Carbon pricing could form the policy bedrock for a net-zero target, argues Josh Burke Inaction on climate change puts the world in grave danger. Action must, therefore, be accelerated. This … read more »


How to price carbon to reach net-zero emissions in the UK

a policy publication by Josh Burke, Rebecca Byrnes, Sam Fankhauser 22 May, 2019

This report explains the importance of pricing carbon as a key component of any strategy to reach net-zero emissions in the UK, setting out how the price may differ sector to sector and how to incentivise negative emissions. read more »


UK Government should create market for greenhouse gas removals and increase carbon prices for businesses to achieve net zero emissions by 2050

Press release 22 May, 2019

To achieve ‘net zero’ greenhouse gas emissions by 2050, the Government should create a market for so-called ‘negative emissions’ that result from the removal of greenhouse gases from the atmosphere, … read more »


The global consumer incidence of carbon pricing: evidence from trade

The global consumer incidence of carbon pricing: evidence from trade

a working paper by Lutz Sager 4 April, 2019

This paper estimates the global distribution of the costs to consumers from carbon pricing, finding that some policies may be considered regressive for their burden on poorer consumers – but that the benefits from mitigating climate change may weaken or reverse the regressive effect. read more »


Steering the climate system: an extended comment

a working paper by Linus Mattauch, Richard Millar, Frederick van der Ploeg, Armon Rezai, Anselm Schultes, Frank Venmans, Nico Bauer, Simon Dietz, Ottmar Edenhofer, Niall Farrell, Cameron Hepburn, Gunnar Luderer, Jacquelyn Pless, Fiona Spuler, Nicholas Stern, Alexander Teytelboym 4 January, 2019

The authors of this comment respond to a recent argument put forward by Lemoine and Rudik (2017), that it is efficient to delay reducing carbon emissions because there is substantial inertia in the climate system. Mattauch et al. show that there is no such inertia, which means there is no lag between carbon emissions and warming. read more »


The impacts of energy prices on industrial foreign investment location: evidence from global firm level data

a working paper by Aurélien Saussay, Misato Sato 11 December, 2018

The results of this paper show that upon deciding to invest, firms are attracted to regions that have lower energy prices. This supports arguments for better targeting leakage prevention measures to complement carbon pricing for energy-intensive industrial activities. read more »