Policies to reach net zero emissions in the United Kingdom:
The United Kingdom is among world leaders in reducing domestic greenhouse gas emissions, and a broad political consensus supports the target to reduce net emissions to zero by 2050. The UK's strong institutional framework is an inspiration to countries around the world, and the country is pione...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2022
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| Schriftenreihe: | OECD Economics Department Working Papers
no.1742 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The United Kingdom is among world leaders in reducing domestic greenhouse gas emissions, and a broad political consensus supports the target to reduce net emissions to zero by 2050. The UK's strong institutional framework is an inspiration to countries around the world, and the country is pioneering work to embed climate considerations in the financial sector. Achieving carbon neutrality will require policy to match ambition. Emission reductions so far were largely driven by electricity generation, a sector targeted by explicit pricing instruments and a cost efficient renewables auction-design subsidy scheme. Expanding pricing instruments across the economy is an essential building block to reach targets. Such measures will be more effective if complemented by well-designed sectoral regulation and subsidies, and more acceptable if implemented once energy prices have started to come down from historically high levels. Britons are conscious of the need to act. However, winning their acceptance of the needed policies may require targeting carbon revenue to compensate low-income households and investments in green infrastructure and new technologies. A mechanism defusing fears that effective policies undermine competitiveness, preferably internationally agreed, would facilitate effective policies towards emission intensive trade exposed industries |
| Beschreibung: | 1 Online-Ressource (57 Seiten) |
| DOI: | 10.1787/f6625f01-en |
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| spelling | Pareliussen, Jon Verfasser aut Policies to reach net zero emissions in the United Kingdom Jon, Pareliussen ... [et al] Paris OECD Publishing 2022 1 Online-Ressource (57 Seiten) txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers no.1742 The United Kingdom is among world leaders in reducing domestic greenhouse gas emissions, and a broad political consensus supports the target to reduce net emissions to zero by 2050. The UK's strong institutional framework is an inspiration to countries around the world, and the country is pioneering work to embed climate considerations in the financial sector. Achieving carbon neutrality will require policy to match ambition. Emission reductions so far were largely driven by electricity generation, a sector targeted by explicit pricing instruments and a cost efficient renewables auction-design subsidy scheme. Expanding pricing instruments across the economy is an essential building block to reach targets. Such measures will be more effective if complemented by well-designed sectoral regulation and subsidies, and more acceptable if implemented once energy prices have started to come down from historically high levels. Britons are conscious of the need to act. However, winning their acceptance of the needed policies may require targeting carbon revenue to compensate low-income households and investments in green infrastructure and new technologies. A mechanism defusing fears that effective policies undermine competitiveness, preferably internationally agreed, would facilitate effective policies towards emission intensive trade exposed industries Environment Economics United Kingdom Crowe, David MitwirkendeR ctb Kruse, Tobias MitwirkendeR ctb Glocker, Daniela MitwirkendeR ctb https://doi.org/10.1787/f6625f01-en Verlag kostenfrei Volltext |
| spellingShingle | Pareliussen, Jon Policies to reach net zero emissions in the United Kingdom Environment Economics United Kingdom |
| title | Policies to reach net zero emissions in the United Kingdom |
| title_auth | Policies to reach net zero emissions in the United Kingdom |
| title_exact_search | Policies to reach net zero emissions in the United Kingdom |
| title_exact_search_txtP | Policies to reach net zero emissions in the United Kingdom |
| title_full | Policies to reach net zero emissions in the United Kingdom Jon, Pareliussen ... [et al] |
| title_fullStr | Policies to reach net zero emissions in the United Kingdom Jon, Pareliussen ... [et al] |
| title_full_unstemmed | Policies to reach net zero emissions in the United Kingdom Jon, Pareliussen ... [et al] |
| title_short | Policies to reach net zero emissions in the United Kingdom |
| title_sort | policies to reach net zero emissions in the united kingdom |
| topic | Environment Economics United Kingdom |
| topic_facet | Environment Economics United Kingdom |
| url | https://doi.org/10.1787/f6625f01-en |
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