Seven reasons to use carbon pricing in climate policy

Andrea Baranzini ^[4] ; Jeroen van den Bergh ^[1] ; Stefano Carattini ^[4] ; Richard Howarth ^[2] ; Emilio Padilla ^[1] ; Jordi Roca ^[3]
1. [1] Universitat Autònoma de Barcelona
  
  Universitat Autònoma de Barcelona
  
  Barcelona, España
2. [2] Dartmouth College
  
  Dartmouth College
  
  Town of Hanover, Estados Unidos
3. [3] Universitat de Barcelona
  
  Universitat de Barcelona
  
  Barcelona, España
4. [4] University of Applied Sciences Western Switzerland
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Localización: Working papers (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada), Nº. 7, 2015
Idioma: inglés
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Resumen
- The idea of a global carbon price has been a recurrent theme in debates on international climate policy. Discarded at the Conference of Parties (COP) of Copenhagen in 2009, it remained part of deliberations for a climate agreement in subsequent years. Unfortunately, there is still much misunderstanding aboutthe reasons for implementing a global carbon price. As a result, ideological and political resistance against it prospers. Here we present the main arguments in favor of a carbon price to stimulate a fairand well-informed discussion about climate policy instruments. This includes arguments that have received surprisingly little attention so far. It is stressed that a main reason to use carbon pricing is environmental effectiveness, so not only economic efficiency (including the special case of cost-effectiveness). In addition, we provide ideas on how to implement a uniform global carbon price, whether using a carbon tax or emissions trading.