Étiqueté : carbon pricing

A simple formula for the social cost of carbon

The social cost of carbon (SCC), commonly referred to as the carbon price, is the monetized damage from emitting one unit of CO2 to the atmosphere. The SCC is typically obtained from large-scale computational Integrated Assessment Models (IAMs) that consolidate interdisciplinary climate research inputs to obtain a carbon price  estimate relevant for policy-making…

The European Union Emissions Trading System : should we throw the flagship out with the bathwater ?

The European Union Emissions Trading System (EU-ETS), presented as the “flagship’’ of European climate policy, is subject to many criticisms from different stakeholders. Criticisms include the insufficient carbon emissions reduction, the competitiveness losses and the induced carbon leakages, the unfair distributional effects, the frauds and the existence of several other overlapping climate policy instruments…

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