This paper examines the relative attractions of a carbon tax, a “pure” cap-and-trade system, and a “hybrid” option (a cap-and-trade system with a price ceiling and/or price floor). The paper shows that the various options are equivalent along more dimensions than often are recognised.
California is both one of the largest economies and one of the largest emitters globally, making its climate change policies some of the most important in the world. They are also some of the most ambitious.
This paper discusses interactions that can occur when a cap-and-trade based emission trading system is combined with overlapping policy instruments (environmentally related taxes, subsidies, ‘command-and-control regulations, information instruments, etc.), addressing emissions stemming from the s
In the wake of the Copenhagen Accord in 2009 and amid frustration with the slow pace of the United Nations Framework Convention on Climate Change (UNFCCC) talks, a number of bilateral and plurilateral efforts and technology initiatives has been launched to deal with international climate policy.
Carbon Pricing in Practice: A review of existing emissions trading systems analyses the implementation of emissions trading systems (ETSs) in eight jurisdictions: the EU, Switzerland, the Regional Greenhouse Gas Initiative (RGGI) and California in the US, Québec in Canada, New Zealand, t
As the world economy slowly recovers from one of the longest and most severe global slowdowns in history, there has been growing interest in how fluctuations in economic activity interact with climate change policy.