This report sets out the importance of pricing carbon as a key component of any strategy to reach net-zero emissions in the UK – that is, balancing carbon emissions with carbon removal. read more »
To achieve ‘net zero’ greenhouse gas emissions by 2050, the Government should create a market for so-called ‘negative emissions’ that result from the removal of greenhouse gases from the atmosphere, … read more »
Ruth Jihyung Joo is a PhD student at Sustainability Research Institute, studying international linkage of emission trading schemes, the market-based policy instrument to reduce greenhouse gas. In her research she tries to evaluate functioning of the global carbon markets including EU and South Korea, and analyzes prospects for linkages. She previously worked as a researcher […]
Arturo has a multi-disciplinary background in environmental engineering, economics and governance. He is an European Commission Marie Skłodowska-Curie Action Fellow, in the Centre for Climate Change Economics and Policy at the School of Earth and Environment, University of Leeds, developing the project “e-Lection: Evaluating the performance of local climate policies in Mexico (2009-2018)” from April 2017 to March […]
This paper focuses on the role of political institutions, particularly electoral rules, and state–business relationships, to ask why some countries take strong action to address long-term problems like climate change while others do very little. read more »
This paper estimates the global distribution of the costs to consumers from carbon pricing, finding that some policies may be considered regressive for their burden on poorer consumers – but that the benefits from mitigating climate change may weaken or reverse the regressive effect. read more »
This paper describes the benefits of a game created as an active learning method to teach current and future decision-makers about the ‘cap and trade’ system, one of the most innovative policy options developed by environmental economists. read more »
A patchwork of emissions trading systems (ETSs) currently operate in several jurisdictions, including the EU, Switzerland, South Korea and several US states and Canadian provinces. China has also been experimenting with emissions trading in seven provinces and cities and is setting up a national system that will be much larger than the current largest system, […]
The authors of this paper develop a model to assess the market stability reserve, a key feature of reforming the European Union’s emissions trading system (EU ETS), concluding that it is successful in raising the allowance price, but is limited in its ability to improve the system’s resilience to allowance demand shocks. read more »
The authors of this comment respond to a recent argument put forward by Lemoine and Rudik (2017), that it is efficient to delay reducing carbon emissions because there is substantial inertia in the climate system. Mattauch et al. show that there is no such inertia, which means there is no lag between carbon emissions and warming. read more »
