Political Economy Determinants of Carbon Pricing

  title={Political Economy Determinants of Carbon Pricing},
  author={Sebastian Levi and Christian Flachsland and Michael Jakob},
  journal={Global Environmental Politics},
Carbon pricing is widely considered a key policy instrument for achieving substantial climate change mitigation. However, implementation remains patchy and price levels vary significantly across countries and regions. In this article, we analyze the structural social, political, and economic conditions under which carbon prices have been implemented so far. We estimate a Tobit regression model to investigate variations in explicit carbon prices over 262 national and subnational jurisdictions… 
The Potential of Co-benefits to Spur Subnational Carbon Pricing in North America: A Qualitative Comparative Analysis
Abstract We only partially understand the rise of subnational North American governments as carbon-pricing pioneers because fewer than half of the jurisdictions that consider a carbon-pricing policy
Governance of Fragmented Compliance and Voluntary Carbon Markets Under the Paris Agreement
Over the past two decades, the emergence of multiple carbon market segments has led to fragmentation of governance of international carbon markets. International baseline-and-credit systems for
Ten new insights in climate science 2021: a horizon scan
Some of the past year's most important findings within climate change-related research are summarized and new insights about what to expect if the authors fail to include a new dimension of fire extremes and the prospect of cascading climate tipping elements are considered.
Pigou in the 21st Century: a tribute on the occasion of the 100th anniversary of the publication of The Economics of Welfare
It is argued that a widespread consensus having emerged among economists that Pigouvian taxes or subsidies are theoretically desirable, but politically infeasible is somewhat spurious, and a research agenda for addressing the remaining barriers that need to be overcome to make PigouVian pricing a common political practice is presented.
Lowering the Consumption of Animal Products without Sacrificing Consumer Freedom – A Pragmatic Proposal
It is well-established that policy aiming to change individual consumption patterns for environmental or other ethical reasons faces a trade-off between effectiveness and public acceptance. The mor...
Policy Sequencing Towards Carbon Pricing, WP/22/66, April 2022
  • 2022


The political economy of carbon pricing: a panel analysis
In virtually all jurisdictions that explicitly price carbon, its average (emissions-weighted) price remains low. Our analysis focuses on the political economy of its introduction as well as its
Making Carbon Pricing Work
Carbon-pricing initiatives are spreading at an unprecedented rate, but a considerable gap remains between actual prices and those required to achieve ambitious climate change mitigation. This
Making carbon pricing work for citizens
The gap between actual carbon prices and those required to achieve ambitious climate change mitigation could be closed by enhancing the public acceptability of carbon pricing through appropriate use
Policy sequencing toward decarbonization
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
Challenges to the development of carbon markets in China
China has introduced several pilot emission trading schemes to build the basis for a national scheme. The potential scale of this initiative raises prospects for a regional carbon trading network as
The Globalization of Carbon Trading: Transnational Business Coalitions in Climate Politics
Over the past decade, carbon trading has emerged as the policy instrument of choice in the industrialized world to address global climate change. In this article I argue that a transnational business