scholarly journals Toward a Principled Design of Provincial Cap & Trade Systems: Lessons from Nova Scotia's Proposal to Meet the Carbon Pricing Requirement in the Pan-Canadian Framework for Climate Change

2017 ◽  
Author(s):  
Meinhard Doelle
Keyword(s):  
Climate Change ◽  
Carbon Pricing ◽  
Principled Design

scholarly journals Financing Low-Carbon Transitions through Carbon Pricing and Green Bonds

2019 ◽  
Vol 88 (2) ◽  
pp. 29-49 ◽  
Author(s):  
Dirk Heine ◽  
Willi Semmler ◽  
Mariana Mazzucato ◽  
João Paulo Braga ◽  
Michael Flaherty ◽  
...  
Keyword(s):  
Climate Change ◽  
Policy Instruments ◽  
Policy Option ◽  
Phase Changes ◽  
Future Generations ◽  
Burden Sharing ◽  
Environmental Damage ◽  
Low Carbon ◽  
Carbon Pricing ◽  
Mitigation And Adaptation

Summary: To finance the transition to low-carbon economies required to mitigate climate change, countries are increasingly using a combination of carbon pricing and green bonds. This paper studies the reasoning behind such policy mixes and the economic interaction effects that result from these different policy instruments. We model these interactions using an intertemporal model, related to Sachs (2015), which proposes a burden sharing between current and future generations. The issuance of green bonds helps to enable immediate investment in climate change mitigation and adaptation, and the bonds would be repaid by future generations in such a way that those who benefit from reduced future environmental damage share in the burden of financing mitigation efforts undertaken today. We examine the effects of combining green bonds and carbon pricing in a three-phase model. We are using a numerical solution procedure which allows for finite-horizon solutions and phase changes. We show that green bonds perform better when they are combined with carbon pricing. Our proposed policy option appears to be politically more feasible than a green transition based only on carbon pricing and is more prudent for debt sustainability than a green transition that relies overly on green bonds.

Citizens Climate Lobby, educating citizens to advocate for an effective climate solution

2021 ◽  
Author(s):  
Sidonie Ruban
Keyword(s):  
Climate Change ◽  
Motivational Interviewing ◽  
Emission Trading ◽  
European Parliament ◽  
Political Will ◽  
Carbon Pricing ◽  
Non Governmental Organizations ◽  
Climate Action ◽  
Political Spectrum ◽  
The Eu

<p>Citizens’ Climate Lobby is an international organization educating citizens and their political representatives on a solution that could on its own reach 80% of the Paris COP21 objectives. The beauty of this solution is that, although Climate Change is complex and thousands of solutions, regulations, fundings are already implemented, it is a unique and simple solution that would be much more effective and could complement existing ones in driving the change we need. However, this solution is new to most citizens and politicians and needs to be explained to citizens’s volunteering for climate action, policy developers and politicians.</p><p>The focus on Carbon Pricing is based on the international economic and scientific consensus as the highest priority primary legislation to address climate change. The need to redistribute the revenues in the form of dividend or climate income is driven both by effectiveness and acceptability and has been enhanced by the Yellow Vest experience in France and the Covid 19 impact. </p><p>Between 2014 and 2020 national teams within the EU have educated and lobbied to build political will with national governments in favour of Carbon Pricing as the most effective climate policy. In the last two years CCL began to work at the European level developing strategy to build political will for the essential support from the European Parliament to support and encourage consistent Carbon Pricing both inside the EU and Internationally. </p><p>Starting with mutual respect and appreciation, more than 500 groups in more than 50 countries engage society in its widest sense. “We seek to educate, build partnerships with and gain the support of community leaders and non-governmental organizations, both nationally and locally.” In Europe CCL has active groups lobbying in Germany; France; Sweden; UK; Denmark; Norway; Spain; Poland & Portugal. In the EU Parliament lobby experience is positive across a range of party groups with positive responses. This competency is currently being scaled up to build political will within the European Parliament.</p><p>CCL France, CC Europe and CCE  trains individuals to engage in climate communication on a human level, learning about the concerns, beliefs, and values of the people they seek to educate about the benefits of climate action. This training relies on techniques that include developing effective listening skills, motivational interviewing, and practicing conversational scenarios. </p><p>In this presentation, we will explain and study </p><p>- how CCL is building consensus across the political spectrum: from the market based solution promoted to conservatives to the progressive and efficient solution promoted to social democrats, from “carbon fee and dividend” to “climate income”</p><p>- the motivational interviewing used with politicians to build long term relationships and drive change.</p><p>- the challenges to explain the solution, from citizens not familiar with carbon footprint nor economic externalities, to policy developers at the EU commission dealing with the Emission Trading System, the energy taxation directive or the border carbon adjustment</p>

Carbon Pricing Options for a Post-Kyoto Response to Climate Change in Australia

2011 ◽  
Vol 39 (1) ◽  
pp. 131-159 ◽  
Author(s):  
Wayne Gumley ◽  
Natalie Stoianoff
Keyword(s):  
Climate Change ◽  
Carbon Pricing ◽  
Pricing Options

Carbon Pricing Options for a Post-Kyoto Response to Climate Change in Australia

2011 ◽  
Vol 39 (1) ◽  
pp. 131-159 ◽  
Author(s):  
Wayne Gumley ◽  
Natalie Stoianoff
Keyword(s):  
Climate Change ◽  
Carbon Pricing ◽  
Pricing Options

scholarly journals Oil shortages, climate change and collective action

2011 ◽  
Vol 369 (1942) ◽  
pp. 1748-1761 ◽  
Author(s):  
David Newbery
Keyword(s):  
Climate Change ◽  
Fossil Fuels ◽  
Limited Capacity ◽  
Carbon Taxes ◽  
High Carbon ◽  
High Carbon Content ◽  
Carbon Pricing ◽  
Green Paradox ◽  
Prisoners Dilemma ◽  
Key Issues

Concerns over future oil scarcity might not be so worrying but for the high carbon content of substitutes, and the limited capacity of the atmosphere to absorb additional CO 2 from burning fuel. The paper argues that the tools of economics are helpful in understanding some of the key issues in pricing fossil fuels, the extent to which pricing can be left to markets, the need for, and design of, international agreements on corrective carbon pricing, and the potential Prisoners’ Dilemma in reaching such agreements, partly mitigated in the case of oil by current taxes and the probable incidence of carbon taxes on the oil price. The ‘Green Paradox’, in which carbon pricing exacerbates climate change, is theoretically possible, but empirically unlikely.

Bonn meetings will be key in global climate deal

2015 ◽  
Keyword(s):  
Climate Change ◽  
Climate Change Mitigation ◽  
Global Climate ◽  
Carbon Markets ◽  
Carbon Pricing ◽  
Content Type ◽  
The Core ◽  
Climate Treaty ◽  
Change Mitigation ◽  
Strong Agreement

Significance The most important climate summit since the 1997 Kyoto gathering will open in Paris at end-November, with the goal of producing the first universal binding climate treaty ever drafted. Preparatory talks are progressing slowly on the core document negotiated among countries. However, the recent announcement of the first-ever official climate commitment from China and the growing push for carbon pricing are positive signals that the Paris summit could result not only in an agreement, but in a significant one. Impacts French organisers will accelerate negotiations, set to be intensive, as the first Bonn meeting did not produce the expected result. China's official commitment to climate change mitigation could pave the way for a strong agreement in Paris. Carbon pricing will be discussed and progress in harmonising carbon markets is not excluded anymore.

The Case for Carbon Pricing

2021 ◽  
pp. 149-181
Author(s):  
Joseph Heath
Keyword(s):  
Climate Change ◽  
Carbon Emissions ◽  
Food Supply ◽  
Future Generations ◽  
Negative Externality ◽  
Gas Emissions ◽  
Carbon Pricing ◽  
Policy Alternative ◽  
Carbon Taxation ◽  
Central Claim

When it comes to responding to the problem of anthropogenic climate change, the overwhelming preference among policy experts is for a system of carbon pricing. This is normally justified on the grounds that it maximizes the welfare of future generations. The objective of this chapter is to provide a philosophical defense of carbon pricing based instead on contractualist foundations. The central claim is that the negative externality of greenhouse gas emissions violates a reciprocity condition that is a central normative constraint in the system of cooperation in our society. A system of carbon taxation is recommended on the grounds that it addresses this externality problem more directly than any other policy alternative. The merits of such a regime are illustrated using the example of agricultural production and the carbon emissions associated with food supply.

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