Navigating Carbon Pricing Policies Assessing The Efficacy And Practicality Of Carbon Tax And Emission Trading Schemes For Climate Change Mitigation
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Navigating Carbon Pricing Policies Assessing The Efficacy And Practicality Of Carbon Tax And Emission Trading Schemes For Climate Change Mitigation
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Author : Armstrong Odiwuor
language : en
Publisher: GRIN Verlag
Release Date : 2024-05-24
Navigating Carbon Pricing Policies Assessing The Efficacy And Practicality Of Carbon Tax And Emission Trading Schemes For Climate Change Mitigation written by Armstrong Odiwuor and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-05-24 with Business & Economics categories.
Essay from the year 2022 in the subject Business economics - Accounting and Taxes, grade: 97, Free University of Berlin (Business Administration and Management), course: Business Management, Marketing, language: English, abstract: Carbon pricing, encompassing carbon tax (CAT) and emission trading schemes (ETS), stands at the forefront of climate change mitigation policies. This paper critically examines the effectiveness and practicality of these policies, particularly in reducing carbon emissions. Drawing from existing literature, it argues that carbon tax offers significant advantages over ETS in terms of practical implementation, environmental impact, and economic efficiency. However, it acknowledges the complexities and challenges associated with both approaches. One key aspect analyzed is the certainty regarding cost and benefits of abating carbon emissions. Carbon tax provides a relatively stable pricing mechanism, simplifying cost determination, while ETS offers more certainty about emission reductions and associated benefits. The paper discusses the trade-offs between these two approaches based on the shape of marginal cost and benefit functions, as proposed by Weitzman (1974). Revenue generation and utilization are also examined, revealing that carbon taxes tend to raise more revenue compared to ETS due to differences in pricing mechanisms. Effective utilization of these revenues is crucial for economic efficiency and addressing distributional concerns. Additionally, administrative requirements and political factors influencing policy adoption and design are discussed. The paper also evaluates China's carbon pricing landscape in China, highlighting the challenges faced by its ETS program and proposing a hybrid approach incorporating carbon taxes. Such a hybrid system aims to address administrative burdens while ensuring broader coverage of carbon pricing across sectors and industries. In conclusion, while both carbon tax and ETS have their merits, carbon tax emerges as a more practical and effective option. However, the paper suggests that a hybrid approach, tailored to specific contexts like China, could offer a viable solution to carbon emission reduction challenges. Overall, the paper contributes to the ongoing discourse on carbon pricing policies and their implications for climate change mitigation efforts.
Fiscal Policy To Mitigate Climate Change
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Author : Ruud A. de Mooij
language : en
Publisher: International Monetary Fund
Release Date : 2012-06-15
Fiscal Policy To Mitigate Climate Change written by Ruud A. de Mooij and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-06-15 with Business & Economics categories.
Efforts to control atmospheric accumulations of greenhouse gases that threaten to heat up the planet are in their infancy. Although the IMF is not an environmental organization, environmental issues matter for its mission when they have major implications for macroeconomic performance and fiscal policy. Climate change clearly passes both these tests.
Carbon Pricing
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Author : John Quiggin
language : en
Publisher: Edward Elgar Publishing
Release Date : 2014-04-25
Carbon Pricing written by John Quiggin and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-04-25 with Business & Economics categories.
In 2012, Australia took the major step of introducing a carbon price, involving the creation of a system of emissions permits initially issued at a fixed price. Carbon Pricing brings together experts instrumental in the development, and operation, of A
Carbon Pricing Growth And The Environment
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Author : Lawrence A. Kreiser
language : en
Publisher: Edward Elgar Publishing
Release Date : 2012-01-01
Carbon Pricing Growth And The Environment written by Lawrence A. Kreiser and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-01 with Business & Economics categories.
ïThe scope, depth and persistence with which this book explores carbon pricing is admirable, reflecting that despite political reluctance it is a topic in all parts of the world.Í _ Mikael Skou Andersen, Aarhus University, Denmark and European Environment Agency ïEnvironmental taxation and emissions trading continue to be high on the public policy agenda in many countries, and this is another welcome and very interesting volume in the Critical Issues in Environmental Taxation series that presents new ideas and evidence on these subjects from a wide range of countries and a variety of perspectives.Í _ Paul Ekins, University College London, UK This original and timely volume provides unique insights and analysis on the pressing question of how to achieve environmental sustainability while fostering economic growth. The emphasis of the book lies in finding critical solutions to global climate change including chapters on environmental fiscal reform and unemployment in Spain, EU structural and cohesion policy and sustainable development, ecological tax reform in Europe and Asia, AustraliaÍs carbon pricing mechanism, and many other timely topics. This insightful volume will appeal to policy makers in government as well as academics and students in environmental law, environmental economics and environmental sustainability.
Carbon Pricing
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Author : Larry Kreiser
language : en
Publisher: Edward Elgar Publishing
Release Date : 2015-08-28
Carbon Pricing written by Larry Kreiser and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-08-28 with Law categories.
Carbon Pricing reflects upon and further develops the ongoing and worthwhile global debate into how to design carbon pricing, as well as how to utilize the financial proceeds in the best possible way for society. Ê The world has recently witnesse
Carbon Taxes Or Emissions Trading Systems
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Author : Mr. Simon Black
language : en
Publisher: International Monetary Fund
Release Date : 2022-07-21
Carbon Taxes Or Emissions Trading Systems written by Mr. Simon Black and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-07-21 with Business & Economics categories.
Carbon pricing should be a central element of climate mitigation strategies, helping countries transition to ‘net zero’ greenhouse gas emissions over the next three decades. Policymakers considering introducing or scaling up carbon pricing face technical choices between carbon taxes and emissions trading systems (ETSs) and in their design. This includes administration, price levels, relation to other mitigation instruments, use of revenues to address efficiency and distributional objectives, supporting measures to address competitiveness concerns, extension to broader emissions sources, and coordination at the global level. Political economy considerations also affect the choice and design of instruments. This paper discusses such issues in the choice between and design of carbon taxes and ETSs, providing guidance, broader considerations, and quantitative analyses. Overall, carbon taxes have significant practical advantages over ETSs (especially for developing countries) due to ease of administration, price certainty to promote investment, the potential to raise significant revenues, and coverage of broader emissions sources—but ETSs can have significant political economy advantages.
The Green Market Transition
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Author : Stefan E. Weishaar
language : en
Publisher: Edward Elgar Publishing
Release Date : 2017-08-25
The Green Market Transition written by Stefan E. Weishaar and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-08-25 with categories.
The Paris Agreement’s key objective is the strengthening of the global response to climate change by transitioning the world to an increasingly green economy. In this book, environmental tax and climate law experts examine carbon taxes energy subsidies, and support schemes for carbon and energy policies. Chapters reflect on the underlying policy dynamics and the constraints of various fiscal measures, and consider the harmonisation of smart instrument mixes.
Implementing A Us Carbon Tax
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Author : Ian Parry
language : en
Publisher: Routledge
Release Date : 2015-02-11
Implementing A Us Carbon Tax written by Ian Parry and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-11 with Business & Economics categories.
Although the future extent and effects of global climate change remain uncertain, the expected damages are not zero, and risks of serious environmental and macroeconomic consequences rise with increasing atmospheric greenhouse gas concentrations. Despite the uncertainties, reducing emissions now makes sense, and a carbon tax is the simplest, most effective, and least costly way to do this. At the same time, a carbon tax would provide substantial new revenues which may be badly needed, given historically high debt-to-GDP levels, pressures on social security and medical budgets, and calls to reform taxes on personal and corporate income. This book is about the practicalities of introducing a carbon tax, set against the broader fiscal context. It consists of thirteen chapters, written by leading experts, covering the full range of issues policymakers would need to understand, such as the revenue potential of a carbon tax, how the tax can be administered, the advantages of carbon taxes over other mitigation instruments and the environmental and macroeconomic impacts of the tax. A carbon tax can work in the United States. This volume shows how, by laying out sound design principles, opportunities for broader policy reforms, and feasible solutions to specific implementation challenges.
Innovation Addressing Climate Change Challenges
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Author : Mona Hymel
language : en
Publisher: Edward Elgar Publishing
Release Date :
Innovation Addressing Climate Change Challenges written by Mona Hymel and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on with Climate change mitigation categories.
Although the world faces many environmental challenges, climate change continues to demand attention. This timely book explores ways in which market-based instruments and complementary policies can help countries meet their climate change goals. The chapters explore carbon pricing and other tax and non-tax measures, offering useful market-based perspectives that can help inform the many climate policy decisions that lie ahead.
Scaling Up Climate Mitigation Policy In Germany
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Author : Mr. Simon Black
language : en
Publisher: International Monetary Fund
Release Date : 2021-09-27
Scaling Up Climate Mitigation Policy In Germany written by Mr. Simon Black and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-27 with Business & Economics categories.
Germany has set national greenhouse emissions targets of a 65 percent reduction below 1990 levels by 2030 and net zero emissions by 2045, along with various sectoral emissions goals. To achieve these targets, the government has introduced multi-pronged policy measures, including a national emissions trading system (ETS), which complements the ETS at the EU level. This paper shows the substantial variation in the price responsiveness of emissions across sectors and thus prices implied by sectoral targets. It proposes the following measures to help Germany meet emissions targets with greater certainty and cost effectiveness: (i) further strengthening carbon pricing, for example through automatically rising price floors for the national ETS after 2026; (ii) harmonizing carbon pricing to reduce cross-sector differences in marginal abatement costs; and (iii) introducing feebates (revenue neutral taxsubsidy schemes) to reinforce incentives at the sectoral level. The paper also studies the distributional impact of higher carbon pricing and suggests that reducing social security contributions can mitigate the regressive direct impact of higher carbon pricing on lowerincome households. Concerns with carbon leakages and firms’ competitiveness are best addressed through agreeing on an international carbon price floor.