Carbon pricing design: Effectiveness, efficiency and feasibility: An investment perspective
Carbon pricing helps countries steer their economies towards and along a carbon-neutral growth path. This paper considers how the design of carbon pricing instruments affects their effectiveness, efficiency and feasibility. Design choices matter both for taxes and Emissions Trading Systems (ETSs). C...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Paris
OECD Publishing
2020
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| Schriftenreihe: | OECD Taxation Working Papers
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| Online-Zugang: | kostenfrei |
| Zusammenfassung: | Carbon pricing helps countries steer their economies towards and along a carbon-neutral growth path. This paper considers how the design of carbon pricing instruments affects their effectiveness, efficiency and feasibility. Design choices matter both for taxes and Emissions Trading Systems (ETSs). Considering the role of carbon price stability for clean investment, the paper shows how volatile carbon prices can cause risk-averse investors to forego clean investment that they would have undertaken with more stable prices. The paper then evaluates the effectiveness and efficiency of policy instruments to stabilise carbon prices in ETSs, which tend to produce more volatile carbon prices than taxes. The paper analyses the auction reserve price in California, the carbon price support in the UK, and the market stability reserve in the EU ETS. Considering feasibility, the paper discusses the tax (or emissions) base, how revenue use can affect support from households and firms, and administrative choices |
| Beschreibung: | 1 Online-Ressource (57 Seiten) |
| DOI: | 10.1787/91ad6a1e-en |
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| spelling | Flues, Florens Verfasser aut Carbon pricing design: Effectiveness, efficiency and feasibility An investment perspective Florens Flues and Kurt van Dender Paris OECD Publishing 2020 1 Online-Ressource (57 Seiten) txt rdacontent c rdamedia cr rdacarrier OECD Taxation Working Papers Carbon pricing helps countries steer their economies towards and along a carbon-neutral growth path. This paper considers how the design of carbon pricing instruments affects their effectiveness, efficiency and feasibility. Design choices matter both for taxes and Emissions Trading Systems (ETSs). Considering the role of carbon price stability for clean investment, the paper shows how volatile carbon prices can cause risk-averse investors to forego clean investment that they would have undertaken with more stable prices. The paper then evaluates the effectiveness and efficiency of policy instruments to stabilise carbon prices in ETSs, which tend to produce more volatile carbon prices than taxes. The paper analyses the auction reserve price in California, the carbon price support in the UK, and the market stability reserve in the EU ETS. Considering feasibility, the paper discusses the tax (or emissions) base, how revenue use can affect support from households and firms, and administrative choices Environment Taxation van Dender, Kurt ctb https://doi.org/10.1787/91ad6a1e-en Verlag kostenfrei Volltext |
| spellingShingle | Flues, Florens Carbon pricing design: Effectiveness, efficiency and feasibility An investment perspective Environment Taxation |
| title | Carbon pricing design: Effectiveness, efficiency and feasibility An investment perspective |
| title_auth | Carbon pricing design: Effectiveness, efficiency and feasibility An investment perspective |
| title_exact_search | Carbon pricing design: Effectiveness, efficiency and feasibility An investment perspective |
| title_exact_search_txtP | Carbon pricing design: Effectiveness, efficiency and feasibility An investment perspective |
| title_full | Carbon pricing design: Effectiveness, efficiency and feasibility An investment perspective Florens Flues and Kurt van Dender |
| title_fullStr | Carbon pricing design: Effectiveness, efficiency and feasibility An investment perspective Florens Flues and Kurt van Dender |
| title_full_unstemmed | Carbon pricing design: Effectiveness, efficiency and feasibility An investment perspective Florens Flues and Kurt van Dender |
| title_short | Carbon pricing design: Effectiveness, efficiency and feasibility |
| title_sort | carbon pricing design effectiveness efficiency and feasibility an investment perspective |
| title_sub | An investment perspective |
| topic | Environment Taxation |
| topic_facet | Environment Taxation |
| url | https://doi.org/10.1787/91ad6a1e-en |
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