Eric Crampton • Feb 17, 2021 •
I’m a bit of an ETS-absolutist. Or at least a carbon-pricing absolutist, in a place the size of NZ. I think the Weitzman reasons for preferring a carbon tax to an ETS are second-order relative to political economy considerations, and any weight at all put on switching costs makes it ludicrous to want NZ to flip from an ETS to … Read More
Guest Author • Dec 15, 2015 •
Steffen Böhm, University of Essex The Paris Agreement has mostly been greeted with enthusiasm though it contains at least one obvious flaw. Few seem to have noticed that the main tool mooted for keeping us within the 2℃ global warming target is a massive expansion of carbon trading, including offsetting, which allows the market exchange of credits between … Read More
Peter Griffin • Dec 08, 2015 •
As we progress through week two of the COP21 climate change talks in Paris, fossil fuel subsidies and financing the developing world to lower its carbon emissions have been major talking points. Both involve billions of dollars, pools of investment that appear increasingly at odds with each other as the parties in Paris pursue a deal to combat dangerous climate change. Last … Read More
Robert Hickson • Dec 10, 2014 •
The World Bank’s just released its report State & trends of carbon pricing. Thirty nine countries and 23 sub-national jurisdictions (eg, regions or states) have or are planning to introduce carbon pricing schemes, such as carbon trading schemes or taxes. The European Union has the largest carbon market, followed by China. Countries or regions with … Read More