Carbon pricing should be part of nothing less than a significant and broad package of post-COVID fiscal reforms, say Esin Serin and Josh Burke, as they outline what these reforms should look like. Read more

Carbon pricing should be part of nothing less than a significant and broad package of post-COVID fiscal reforms, say Esin Serin and Josh Burke, as they outline what these reforms should look like. Read more
The fact that a carbon tax is an environmentally and economically efficient instrument for reducing emissions is often highlighted, but the equity story is also of importance. This paper addresses the question of the distributional burden of a carbon tax across different income groups and the role played by income inequality. Read more
This brief argues that once the immediate rescue has been secured and countries move towards recovery from COVID-19, carefully implementing carbon pricing while reducing fossil fuel subsidies should be at the core of any stimulus package. Read more
Careful implementation of carbon pricing with reductions in fossil fuel subsidies can raise revenues to support the COVID-19 recovery and make society less vulnerable to future climate, ecological or public health risks, according to a new policy brief published today (May 15th). Read more
The UK government should consider a broader-based carbon tax that is distributionally fair and consistent with net-zero greenhouse gas emissions... Read more
This study explores the distributional impacts of a net-zero-consistent carbon price across different household types and income deciles in the UK; and examines which combination of interventions may reduce carbon consumption and still be progressive. The authors find that it is possible to design a revenue recycling scheme that leaves fuel-poor and low-income households better off while driving the transition to net-zero emissions in the UK by 2050. Read more
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