A Taxonomy of Instruments to Reduce Greenhouse Gas Emissions and their Interactions: = Une taxonomie des instruments de réduction des émissions de gaz à effet de serre et de leurs interactions
This paper reviews alternative (national and international) climate change mitigation policy instruments and interactions across them. Carbon taxes, cap-and-trade schemes, standards and technology-support policies (R&D and clean technology deployment) in particular are assessed according to thre...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2008
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| Series: | OECD Economics Department Working Papers
no.636 |
| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | This paper reviews alternative (national and international) climate change mitigation policy instruments and interactions across them. Carbon taxes, cap-and-trade schemes, standards and technology-support policies (R&D and clean technology deployment) in particular are assessed according to three broad costeffectiveness criteria, their: i) static efficiency, defined to cover not just whether the instrument is costeffective per se but also whether it provides sufficient political incentives for wide adoption; ii) dynamic efficiency, which implies an efficient level of innovation and diffusion of clean technologies in order to lower future abatement costs; iii) ability to cope effectively with climate and economic uncertainties. Multiple market failures and political economy obstacles need to be addressed in order to meet these criteria. In this regard, carbon taxes or cap-and-trade schemes appear to perform better than alternatives. However, their cost-effectivenes can be enhanced through targeted use of other instruments. There is therefore room for climate policy packages. |
| Physical Description: | 1 Online-Ressource (41 Seiten) 21 x 29.7cm. |
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| indexdate | 2025-03-18T14:29:22Z |
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| language | English |
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| spelling | Duval, Romain VerfasserIn aut A Taxonomy of Instruments to Reduce Greenhouse Gas Emissions and their Interactions = Une taxonomie des instruments de réduction des émissions de gaz à effet de serre et de leurs interactions Romain, Duval Une taxonomie des instruments de réduction des émissions de gaz à effet de serre et de leurs interactions Paris OECD Publishing 2008 1 Online-Ressource (41 Seiten) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.636 This paper reviews alternative (national and international) climate change mitigation policy instruments and interactions across them. Carbon taxes, cap-and-trade schemes, standards and technology-support policies (R&D and clean technology deployment) in particular are assessed according to three broad costeffectiveness criteria, their: i) static efficiency, defined to cover not just whether the instrument is costeffective per se but also whether it provides sufficient political incentives for wide adoption; ii) dynamic efficiency, which implies an efficient level of innovation and diffusion of clean technologies in order to lower future abatement costs; iii) ability to cope effectively with climate and economic uncertainties. Multiple market failures and political economy obstacles need to be addressed in order to meet these criteria. In this regard, carbon taxes or cap-and-trade schemes appear to perform better than alternatives. However, their cost-effectivenes can be enhanced through targeted use of other instruments. There is therefore room for climate policy packages. Economics |
| spellingShingle | Duval, Romain A Taxonomy of Instruments to Reduce Greenhouse Gas Emissions and their Interactions = Une taxonomie des instruments de réduction des émissions de gaz à effet de serre et de leurs interactions Economics |
| title | A Taxonomy of Instruments to Reduce Greenhouse Gas Emissions and their Interactions = Une taxonomie des instruments de réduction des émissions de gaz à effet de serre et de leurs interactions |
| title_alt | Une taxonomie des instruments de réduction des émissions de gaz à effet de serre et de leurs interactions |
| title_auth | A Taxonomy of Instruments to Reduce Greenhouse Gas Emissions and their Interactions = Une taxonomie des instruments de réduction des émissions de gaz à effet de serre et de leurs interactions |
| title_exact_search | A Taxonomy of Instruments to Reduce Greenhouse Gas Emissions and their Interactions = Une taxonomie des instruments de réduction des émissions de gaz à effet de serre et de leurs interactions |
| title_full | A Taxonomy of Instruments to Reduce Greenhouse Gas Emissions and their Interactions = Une taxonomie des instruments de réduction des émissions de gaz à effet de serre et de leurs interactions Romain, Duval |
| title_fullStr | A Taxonomy of Instruments to Reduce Greenhouse Gas Emissions and their Interactions = Une taxonomie des instruments de réduction des émissions de gaz à effet de serre et de leurs interactions Romain, Duval |
| title_full_unstemmed | A Taxonomy of Instruments to Reduce Greenhouse Gas Emissions and their Interactions = Une taxonomie des instruments de réduction des émissions de gaz à effet de serre et de leurs interactions Romain, Duval |
| title_short | A Taxonomy of Instruments to Reduce Greenhouse Gas Emissions and their Interactions |
| title_sort | taxonomy of instruments to reduce greenhouse gas emissions and their interactions une taxonomie des instruments de reduction des emissions de gaz a effet de serre et de leurs interactions |
| title_sub | = Une taxonomie des instruments de réduction des émissions de gaz à effet de serre et de leurs interactions |
| topic | Economics |
| topic_facet | Economics |
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