A dual-track transition to global carbon pricing
van den Bergh, Jeroen C. J. M. (Universitat Autònoma de Barcelona. Institut de Ciència i Tecnologia Ambientals)
Angelsen, Arild (Norges miljø- og biovitenskapelige universitet)
Baranzini, Andrea (Haute Ecole de Gestion Genève)
Botzen, W. J. Wouter (Universiteit Utrecht)
Carattini, Stefano (Georgia State University. Department of Economics)
Drews, Stefan (Universitat Autònoma de Barcelona. Institut de Ciència i Tecnologia Ambientals)
Dunlop, Tessa (EU Policy Lab Joint Research Center (Ispra, Itàlia))
Galbraith, Eric (Universitat Autònoma de Barcelona. Institut de Ciència i Tecnologia Ambientals)
Gsottbauer, Elisabeth (University of Innsbruck. Department of Economics and Statistics)
Howarth, Richard B. (Dartmouth College)
Padilla, Emilio (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada)
Roca Jusmet, Jordi (Universitat de Barcelona. Departament d'Economia)
Schmidt, Robert C. (University of Hagen. Faculty of Business Administration and Economics)

Data:	2020
Resum:	Unilateral climate policies have been unable to achieve intended emissions reductions. We argue that international harmonization of climate policy beyond the Paris Agreement is the only way forward and that global carbon pricing, either through a tax or market, is the best available instrument to manage this. A foundation has already been laid, as current carbon pricing initiatives cover about 20% of global CO2 emissions. Since it limits free-riding by countries/jurisdictions, global carbon pricing is, in principle, behaviourally easier to negotiate than other instruments, such as emission targets or technical standards. To overcome political resistance, we propose a dynamic strategy consisting of two parallel tracks and five transition phases. The first track entails assembly of a carbon-pricing coalition that expands over time and exerts moral and economic pressure on non-members to join. The second track involves refocusing UN intergovernmental climate change negotiations on carbon pricing, potentially involving initially heterogeneous prices reflecting distinct income levels of countries, which then gradually converge. The dual tracks are designed to reinforce one another, increasing the likelihood of a successful outcome. The proposal results in a transition trajectory consisting of two interactive tracks and five phases, with specific attention to inequity within and among countries. We illustrate how such an approach could function with either a carbon tax or market.
Ajuts:	European Commission 741087 Ministerio de Economía y Competitividad ECO2015-67524-R Ministerio de Economía y Competitividad MDM-2015-0552
Nota:	Unidad de excelencia María de Maeztu CEX2019-000940-M
Drets:	Aquest material està protegit per drets d'autor i/o drets afins. Podeu utilitzar aquest material en funció del que permet la legislació de drets d'autor i drets afins d'aplicació al vostre cas. Per a d'altres usos heu d'obtenir permís del(s) titular(s) de drets.
Llengua:	Anglès
Document:	Article ; recerca ; Versió acceptada per publicar
Matèria:	Carbon pricing ; Policy harmonization ; Paris Agreement ; Climate club ; UNFCCC
Publicat a:	Climate policy, Vol. 20, issue 9 (2020) , p. 1057-1069, ISSN 1469-3062

DOI: 10.1080/14693062.2020.1797618

Postprint 29 p, 635.9 KB

El registre apareix a les col·leccions:
Documents de recerca > Documents dels grups de recerca de la UAB > Centres i grups de recerca (producció científica) > Ciències > Institut de Ciència i Tecnologia Ambientals (ICTA) > Environmental and Climate Economics (ECE)
Articles > Articles de recerca
Articles > Articles publicats