Policy sequencing toward decarbonization

@article{Meckling2017PolicyST,
  title={Policy sequencing toward decarbonization},
  author={Jonas Meckling and Thomas Sterner and Gernot Wagner},
  journal={Nature Energy},
  year={2017},
  volume={2},
  pages={918-922}
}
Many economists have long held that carbon pricing—either through a carbon tax or cap-and-trade—is the most cost-effective way to decarbonize energy systems, along with subsidies for basic research and development. Meanwhile, green innovation and industrial policies aimed at fostering low-carbon energy technologies have proliferated widely. Most of these predate direct carbon pricing. Low-carbon leaders such as California and the European Union (EU) have followed a distinct policy sequence that… 

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