Economics Dictionary of ArgumentsHome | |||
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Robert N. Stavins on Carbon Pricing Coordination - Dictionary of Arguments
Stavins I 169 Carbon Pricing Coordination/Stavins: (…) the location of greenhouse gas emissions has no effect on the global distribution of damages. Hence free-riding problems plague unilateral and multilateral approaches. Furthermore, nations will not benefit proportionately from greenhouse gas mitigation policies. Thus mitigation costs are likely to exceed direct benefits for virtually all countries. Stavins I 170 In principle, internationally employed market-based instruments can achieve overall cost effectiveness. Three basic routes stand out. 1. Countries could agree to apply the same tax on carbon (harmonized domestic taxes) or adopt a uniform international tax. 2. The international policy community could establish a system of international tradable permits—effectively a nation-state level cap-and-trade program. 3. A more decentralized system of internationally linked domestic cap-and-trade programs could ensure internationally cost-effective emission mitigation. >Carbon price strategies/Stavins, >Emission permits/Stavins, >Cap-and-Trade Linkages/Stavins. Cf. >Emission permits, >Emission reduction credits, >Emission targets, >Emissions, >Emissions trading, >Climate change, >Climate damage, >Energy policy, >Clean Energy Standards, >Climate data, >Climate history, >Climate justice, >Climate periods, >Climate targets, >Climate impact research, >Carbon price, >Carbon price coordination, >Carbon price strategies, >Carbon tax, >Carbon tax strategies. Robert N. Stavins & Joseph E. Aldy, 2012: “The Promise and Problems of Pricing Carbon: Theory and Experience”. In: Journal of Environment & Development, Vol. 21/2, pp. 152–180._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Stavins I Robert N. Stavins Joseph E. Aldy The Promise and Problems of Pricing Carbon: Theory and Experience 2012 |