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22: 912:. A carbon tax is considered easier to enforce on a broad-base scale than cap-and-trade programs. The simplicity and immediacy of a carbon tax has been proven effective in British Columbia, Canada – enacted and implemented in five months. A hybrid cap-and-trade program puts a limit on price increases and, in some cases, sets a floor price as well. The upper limit is set by adding more allowances to the market at a set price while the floor price is maintained by not allowing sales into the market at a price below the floor. The 4472: 886: 6031: 6019: 668: 6055: 6043: 692: 680: 4486: 1631: 986: 924:
climate change. A declining cap gives allowance for firm reduction targets and a system for measuring when targets are met. It also allows for flexibility, unlike rigid taxes. Providing emission permits (also called allowances) under emissions trading is preferred in situations where a more accurate target level of emissions certainty is needed.
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consume less energy compared to wealthier parts of the population. The higher the high carbon price the greater the relief. Looking at individual situations though, the compensation would not apply to commuters in rural areas or people living in houses with poor insulation. They neither have liquidity to invest into solutions using less
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under the Kyoto Protocol. These credits can be traded to other facilities where they can be used for compliance with a cap-and-trade program. Unfortunately the concept of additionality is difficult to define and monitor, with the result that some companies purposefully increased emissions in order to
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could be significant for developing countries. In 2010, World Bank commented that introducing border tariffs could lead to a proliferation of trade measures where the competitive playing field is viewed as being uneven. Tariffs could also be a burden on low-income countries that have contributed very
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Döbbeling-Hildebrandt, Niklas; Miersch, Klaas; Khanna, Tarun M.; Bachelet, Marion; Bruns, Stephan B.; Callaghan, Max; Edenhofer, Ottmar; Flachsland, Christian; Forster, Piers M.; Kalkuhl, Matthias; Koch, Nicolas; Lamb, William F.; Ohlendorf, Nils; Steckel, Jan Christoph; Minx, Jan C. (May 16, 2024).
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Many economic properties of carbon pricing hold regardless of whether carbon is priced with a cap or a tax. However, there are a few important differences. Cap-based prices are more volatile and so they are riskier for investors, consumers and for governments that auction permits. Also, caps tend to
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Most cap and trade programs have a descending cap, usually a fixed percentage every year, which gives certainty to the market and guarantees that emissions will decline over time. With a tax, there can be estimates of reduction in carbon emissions, which may not be sufficient to change the course of
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In order for such a business model to become attractive, the subsidies would therefore have to exceed this value. Here, a technology openness could be the best choice, as a reduction in costs due to technical progress can be expected. Already today, these costs of generating negative emissions are
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Estimates of leakage rates for action under the Kyoto Protocol ranged from 5% to 20% as a result of a loss in price competitiveness, but these leakage rates were considered very uncertain. For energy-intensive industries, the beneficial effects of Annex I actions through technological development
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emissions outside the countries taking domestic mitigation action, divided by the reduction in emissions of countries taking domestic mitigation action. Accordingly, a leakage rate greater than 100% means that actions to reduce emissions within countries had the effect of increasing emissions in
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Unexpected spikes in natural gas prices and commodities such as oil and coal in 2021 caused a debate whether a carbon price increase should be postponed to avoid additional social burden. On the other hand, a redistribution on a per-capita-basis would even release poorer households which tend to
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Global Warming of 1.5°C. An IPCC Special Report on the impacts of global warming of 1.5°C above pre-industrial levels and related global greenhouse gas emission pathways, in the context of strengthening the global response to the threat of climate change, sustainable development, and efforts to
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The most efficient approach to slowing climate change is through market-based policies. In order for the world to achieve its climatic objectives at minimum cost, a cooperative approach among nations is required – such as an international emissions trading agreement. The United States and other
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Besides cap and trade, emission trading can refer to project-based programs, also referred to as a credit or offset programs. Such programs can sell credits for emission reductions provided by approved projects. Generally there is an additionality requirement that states that they must reduce
2425:, a leading climate economist at Harvard, published a theoretical study arguing that such a regime would make it far easier to reach an international agreement, while a focus on national targets would continue to make it nearly impossible. Nordhaus also makes this argument, but less formally. 919:
However, industries may successfully lobby to exempt themselves from a carbon tax. It is therefore argued that with emissions trading, polluters have an incentive to cut emissions, but if they are exempted from a carbon tax, they have no incentive to cut emissions. On the other hand, freely
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Cap-and-trade programs often allow "banking" of permits. This means that permits can be saved and can be used in the future. This allows an entity to over-comply in early periods in anticipation of higher carbon prices in subsequent years. This helps to stabilize the price of permits.
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This statement argues that carbon pricing is a "market mechanism" in contrast to renewable subsidies or direct regulation of individual sources of carbon emissions and hence is the way that the "United States and other nations can most efficiently implement their climate policies."
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of $ 220 per ton, which means that a state-subsidized business model for creating negative emissions already makes economic sense today. In sum, while a carbon price has the potential to reduce future emissions, a carbon subsidy has the potential to reduce past emissions.
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This can compensate the risk of rising energy prices reaching high levels as long as cheap wind and solar power is not available yet. Rich people who tend to have a larger carbon footprint would pay more while poorer people can even benefit from such a
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of the unpriced external costs of carbon emissions at its source. It is regarded as more efficient than renewable energy subsidies given to individual firms, because the difficulties of determining the value of emissions to each firm makes
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is the effect that regulation of emissions in one country/sector has on the emissions in other countries/sectors that are not subject to the same regulation. There is no consensus over the magnitude of long-term carbon leakage.
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design, the government establishes an emissions cap and allocates to firms emission allowances, which can thereafter be privately traded. Emitters without the required allowances face a penalty more than the price of permits.
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In the relevant countries with ETS and taxes, about 40% to 80% of emissions are covered. The schemes differ much in detail. They include or exclude fuels, transport, heating, agriculture or other greenhouse gases apart from
3247: 94:(ETS) that requires firms to purchase allowances to emit. The method is widely agreed to be an efficient policy for reducing greenhouse gas emissions. Carbon pricing seeks to address the economic problem that emissions of 740:
way to reduce emissions, taking into account the costs of both efficiency measures and the inconvenience of lesser fossil fuels. By pricing the externalities of carbon emissions, efficiency comes about by eliminating the
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Evaluations of 21 carbon pricing schemes, show that at least 17 of these have caused reductions in greenhouse gas emissions. The achieved emissions reductions range between 5% and 21% for the studied schemes.
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is much the same for taxes and cap-and-trade. Both prices are efficient; they have the same social cost and the same effect on profits if permits are auctioned. However, some economists argue that
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The "Economists' Statement on Climate Change" was signed by over 2500 economists including nine Nobel Laureates in 1997. This statement summarizes the economic case for carbon pricing as follows:
3688: 2831: 965:. The removal past emissions – 1,700 Gt in total – can theoretically be addressed by auctioning allowances starting with a price that exceeds the removal costs of the proposed emissions. 3933: 3660:
Climate Change 1995: Economic and Social Dimensions of Climate Change. Contribution of Working Group III to the Second Assessment Report of the Intergovernmental Panel on Climate Change
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works by setting a quantitative limit on the emissions produced by emitters. As a result, the price automatically adjusts to this target. This is the main advantage compared to a fixed
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A carbon tax is generally favoured on economic grounds for its simplicity and stability, while cap-and-trade theoretically offers the possibility to limit allowances to the remaining
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emission target. The "assembly of governments" would issue permits in the amount of the global target and all upstream fossil-fuel providers would be forced to buy these permits.
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provisions with floor and ceiling limits. Such designs are often referred to as hybrid designs. To the extent the price is controlled by these limits, it can be considered a tax.
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The final consumer price for fuels and electric energy depends on individual tax regulations and conditions in each country. Though carbon pricing is playing an increasing role,
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and would be dependent on credits or subsidies. On the other hand, a carbon price still helps to provide an incentive to use more effective fossil fuel technologies such as
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Beinecke, Frances; Sachs, Jeffrey D.; Krupp, Fred; Pielke Jr., Roger A.; Stavins, Robert N.; Komanoff, Charles; Claussen, Eileen; Fischhoff, Baruch (May 7, 2009).
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growth rates, while policy recommendations range from about $ 50 to $ 200. Many carbon pricing schemes including the ETS in China remain below $ 10 per ton of CO
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and have previously appeared in a number of papers. The price-commitment view appears to have gained major support from independent positions taken by the
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uses this method. In practice, it has resulted in a fairly strong carbon price from 2005 to 2009, but that was later undermined by an oversupply and the
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were considered possibly substantial. However, this beneficial effect had not been reliably quantified. On the empirical evidence they assessed, Barker
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Climate Change 2007: Mitigation. Contribution of Working Group III to the Fourth Assessment Report of the Intergovernmental Panel on Climate Change
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nations can most efficiently implement their climate policies through market mechanisms, such as carbon taxes or the auction of emissions permits.
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depends on climate and economic feedback effects and remains to some degree uncertain. Latest calculations show an increasing trend:
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Tamiotti, Ludivine; Teh, Robert; Kulaçoğlu, Vesile; Olhoff, Anne; Simmons, Benjamin; UNEP; World Trade Organization, eds. (2009).
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A general perception among developing countries is that discussion of climate change in trade negotiations could lead to green
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to a specific policy. Carbon taxes, caps, and hybrid schemes could all be used to satisfy such a commitment. At the same time
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other countries to a greater extent, i.e., domestic mitigation action had actually led to an increase in global emissions.
954: 3728: 3338: 2867: 1192:, utility expenses and other components are still the main cause for completely different price levels between countries. 5470: 5248: 5066: 4998: 4988: 4971: 4878: 4685: 2322:(2007) concluded that the competitive losses of then-current mitigation actions, e.g., the EU-ETS, were not significant. 774:. Recent policy changes have led to a steep increase of the carbon price since 2018, exceeding 100€ ($ 118) per ton of CO 356: 303: 5003: 4276:
Kikstra, Jarmo S; Waidelich, Paul; Rising, James; Yumashev, Dmitry; Hope, Chris; Brierley, Chris M (September 6, 2021).
4236: 5899: 5760: 5717: 5213: 4360: 3829: 2188: 1846: 913: 709: 381: 198: 5826: 5702: 5519: 4722: 4255: 3404: 766:, the market for permits will automatically adjust the carbon price to a level that ensures that the cap is met. The 268: 112:
21.7% of global GHG emissions are covered by carbon pricing in 2021, a major increase due to the introduction of the
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A new quantity commitment approach, suggested by Mutsuyoshi Nishimura, is for all countries to commit to the same
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Trade and climate change: a report by the United Nations Environment Programme and the World Trade Organization
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According to a 2020 study carbon prices have not harmed economic growth in wealthy industrialized democracies.
2017: 747: 634: 3903: 3085: 5994: 5529: 5061: 3449: 2410: 2042: 1965: 1741: 619: 4449: 3651: 5977: 5649: 5178: 5173: 5078: 4955: 4512: 2216: 2032: 4427: 4361:"Technical Update of the Social Cost of Carbon for Regulatory Impact Analysis Under Executive Order 12866" 2591: 5188: 5041: 2501: 2437: 1985: 1970: 1851: 624: 386: 137: 6096: 6047: 5811: 5614: 5571: 5344: 5266: 5120: 3455:. German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) / adelphi. 2709: 2365:
A carbon tax can have an additive environmental effect to policies such as subsidies for the supply of
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is used to determine the volumes of free allocation of emission permits to industrial installations.
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short-out the effect of non-price policies such as renewables subsidies, while carbon taxes do not.
5926: 5921: 5911: 5852: 5692: 5198: 5163: 5056: 4983: 4824: 4653: 4589: 4550: 3149: 2922:"Systematic review and meta-analysis of ex-post evaluations on the effectiveness of carbon pricing" 2545: 2493: 2158: 2057: 1990: 1836: 1826: 1801: 1756: 1365: 594: 501: 453: 371: 225: 91: 75: 6081: 6035: 5957: 5867: 5609: 5581: 5261: 4920: 4898: 4505: 2400: 2231: 2082: 2037: 2022: 2007: 2002: 1945: 1868: 1685: 1655: 1650: 1622: 905: 431: 51: 31: 4393: 3628: 2795: 2500:
emissions more than is required by pre-existing regulation. An example of such a program is the
5634: 5454: 5396: 5313: 5298: 5183: 4829: 4775: 4770: 4765: 4760: 4755: 4750: 4278:"The social cost of carbon dioxide under climate-economy feedbacks and temperature variability" 2168: 2072: 2067: 2062: 2012: 1873: 1856: 916:, for example, sets an upper limit on allowance prices through its cost containment provision. 556: 531: 441: 421: 391: 346: 273: 258: 21: 6086: 6023: 5669: 5546: 5354: 4814: 4737: 4477: 3271:"Biogeochemical potential of biomass pyrolysis systems for limiting global warming to 1.5 °C" 2226: 2173: 2102: 1841: 1695: 1100: 786: 672: 491: 446: 263: 156: 4169: 3847:"Can Negotiating a Uniform Carbon Price Help to Internalize the Global Warming Externality?" 5862: 5740: 5401: 4976: 4903: 4289: 3960: 3282: 2748: 2474: 2221: 2092: 1831: 1811: 1796: 1791: 536: 436: 376: 3023: 2459:
for individuals and businesses may also be purchased through carbon offset retailers like
1278:/km, Domestic flight NZ, A320, 173 seats, all occupied, with radiative forcing multiplier 8: 5879: 5654: 4888: 4883: 4322: 3374: 2153: 2097: 2052: 1821: 1816: 737: 649: 614: 609: 321: 4293: 4235:(2018). Masson-Delmotte, V.; Zhai, P.; Pörtner, H.-O.; Roberts, D.; et al. (eds.). 3286: 2954: 2752: 6091: 5707: 5639: 5556: 5406: 5371: 5328: 5323: 5318: 4893: 4346: 4307: 3239: 3210:"Carbon Dividend – An Instrument for a Socially Just Environmental and Climate Policy?" 2764: 2193: 2178: 2077: 2047: 2027: 644: 584: 541: 416: 293: 236: 5941: 5604: 5349: 5115: 4908: 4871: 4658: 4612: 4350: 4336: 4311: 3825: 3776: 3668: 3243: 3188: 3163: 2959: 2941: 2921: 2768: 2679: 2148: 2137: 1960: 1888: 1680: 1675: 1209: 1025: 948: 366: 253: 2353:
Cap-and-trade and carbon taxes interact differently with non-price policies such as
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or 100 units of any other currency accordingly. Food calculation is all based on CO
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on imports ("virtual carbon") consistent with a carbon price of $ 50 per ton of CO
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distributing emission permits could potentially lead to corrupt behaviour.
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de Coninck, H.; Revi, A.; Babiker, M.; Bertoldi, P.; et al. (2018).
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research, public transport, car sharing and other policies that promote
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Methodological Convention 3.0 for the Assessment of Environmental Costs
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subsidies for negative emissions: Depending on the technology, such as
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Werner, C.; Schmidt, H-P; Gerten, D.; Lucht, W.; Kammann, C. (2018).
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model, a tax is imposed on carbon emissions produced by a firm. In a
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in 2050 would be needed to drive carbon emissions to stay below
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Carbon pricing is considered by many economists to be the most
125: 117: 109:– a detrimental product that is not charged for by any market. 3927:"Carbon Pricing Becomes a Cause for the World Bank and I.M.F." 2868:"A U.S. Cap-and-Trade System to Address Global Climate Change" 2348: 5756:
Cooperative Mechanisms under Article 6 of the Paris Agreement
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World Development Report 2010: Development and Climate Change
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Hagman, David; Ho, Emily; Loewenstein, George (June 2019).
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High impact value for 2050 / 3% discount / 95th percentile
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Emission trading and carbon taxes around the world (2021)
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Illustrative model of greenhouse effect on climate change
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RE subsidies have no further impact on reducing emissions
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subsidies accelerating the transition to renewable energy
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Wiley Interdisciplinary Reviews: Energy and Environment
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and many US states have not introduced carbon pricing.
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United Nations Framework Convention on Climate Change
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Standard proposals for using carbon revenues include
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Matthey, Astrid; Bünger, Björn (February 11, 2019).
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Carbon pricing schemes with more than $ 2 bn revenue
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as a result of economy feedbacks and falling global
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About one third of the systems stays below $ 10/tCO
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calculate a damage of more than $ 300 per ton of CO
4464:— US focused effort for carbon-pricing commitments 4387:. Ministry for the environment, New Zealand. 2020. 4139:"Additionality in the Clean Development Mechanism" 4013:"For Businesses - Offset Your Corporate Footprint" 1298:5000 km jet aircraft, economy class, per seat 889:Carbon emission trade – allowance prices from 2008 175:(EU-ETS) which exceeded €100 ($ 108) per ton of CO 3759:Socius: Sociological Research for a Dynamic World 2865: 2793: 2309:The leakage rate is defined as the increase in CO 6073: 5973:Intergovernmental Panel on Climate Change (IPCC) 4382:"Measuring Emissions: A Guide for Organisations" 3983:"For Individuals - Offset Your Carbon Footprint" 3433:(in German). ARD. August 2, 2021. Archived from 2996:(Report). German Environment Agency. p. 8. 2706:"What is a carbon price and why do we need one?" 2481: 2428:Similar views have previously been discussed by 1313:5000 km jet aircraft, first class, per seat 78:. This is done to encourage polluters to reduce 3871: 3844: 3813: 3053: 3051: 2394: 1452:$ 33.50 with land-use in tropical rain forests 3649: 3621:"Mitigation from a cross-sectoral perspective" 3024:"Factsheet: Climate, Environment, and the IMF" 2660: 2658: 824:Central estimate for 3% discount rate in 2020 4718:History of climate change policy and politics 4513: 4253: 4136: 4130: 3015: 2988: 2649: 2373:within the time period that the cap applies . 2268: 717: 86:. A carbon price usually takes the form of a 4245:. Intergovernmental Panel on Climate Change. 3865: 3427:"Bund erwartet Rekorderlöse aus CO2-Rechten" 3048: 2861: 2859: 4835:Atlantic meridional overturning circulation 2655: 2585: 2583: 2525:ignoring the riskiness of prices under caps 2349:Interactions with renewable energy policies 1170:transport, buildings, industry, agriculture 1140:$ 8.75 bn (€7.4 bn) expected, launch 2021 6054: 6042: 5499: 4520: 4506: 4391: 4320: 4065: 3892: 3618: 3525: 3360: 3324: 3309: 3147: 2787: 2637: 2589: 2574: 2275: 2261: 1195: 938:return to the public on a per-capita basis 815:Interagency Working Group (US government) 724: 710: 691: 679: 5794: 5600:Adaptation strategies on the German coast 4743:United Nations Climate Change conferences 4301: 4263: 4231: 4217:Cap and trade programs for greenhouse gas 4089: 3957:"Economists' Statement on Climate Change" 3924: 3770: 3755:"Do Carbon Prices Limit Economic Growth?" 3614: 3612: 3336: 3294: 3233: 3114: 2953: 2856: 2614:"State and Trends of Carbon Pricing 2023" 2345:little to the problem of climate change. 1208:equivalents including the high impact of 145:Intergovernmental Panel on Climate Change 74:, in which a monetary cost is applied to 5304:Co-benefits of climate change mitigation 4426:(in German). WWF Germany. Archived from 3838: 3752: 3587: 3585: 3583: 3559: 3557: 3555: 3553: 3551: 3549: 3547: 3545: 3128:Centre for Tax Policy and Administration 2580: 1065:industry, electricity, intra-EU aviation 984: 884: 20: 5660:National Adaptation Programme of Action 5449:Land use, land-use change, and forestry 4380: 4324:State and Trends of Carbon Pricing 2021 4275: 4163: 4144:. Oxford Institute for Energy Studies. 3652:"Introduction: scope of the assessment" 3536: 3513: 3509: 3507: 3498: 3494: 3492: 3483: 3381:from the original on September 13, 2021 3310:Stainforth, Thorfinn (April 29, 2020). 3096:from the original on September 24, 2019 2885: 2686:from the original on September 15, 2021 2664: 2592:"China's National ETS Launches Trading" 1103:, additional taxes and ETS in provinces 552:Land use, land-use change, and forestry 173:European Union Emissions Trading System 138:carbon pricing scheme from 2012 to 2014 120:. On the other hand, top emitters like 6074: 5309:Economics of climate change mitigation 5272:Gold Standard (carbon offset standard) 4795: 4623:Scientific consensus on climate change 4445:Our Climate Put A Price On It campaign 3609: 3447: 3062:. Yale Environment 360. Archived from 3003:from the original on November 10, 2021 2737:"Nudging out support for a carbon tax" 2590:Davies, Paul A.; Westgate, R. Andrew. 2289:Economics of climate change mitigation 362:Economics of climate change mitigation 114:Chinese national carbon trading scheme 5968:Coupled Model Intercomparison Project 5793: 5498: 5234: 4794: 4706: 4587: 4539: 4501: 4458:— Lists national commitments for 2020 4188: 3959:. Redefining Progress. Archived from 3657:. In J.P. Bruce; et al. (eds.). 3580: 3542: 3479: 3477: 2775:from the original on January 28, 2020 1010: 5990:Representative Concentration Pathway 4941:Tipping points in the climate system 4617:Carbon dioxide in Earth's atmosphere 4414:. Environmental Working Group. 2011. 4151:from the original on August 10, 2014 3906:from the original on August 11, 2014 3880:from the original on August 12, 2014 3719: 3650:Goldemberg, J.; et al. (1996). 3504: 3489: 3407:from the original on August 31, 2021 3337:Elkerbout, Milan (October 7, 2021). 3207: 3187:. Geneva: World Trade Organization. 2829: 2808:from the original on August 16, 2014 2674: 2672: 2550:carbonpricingdashboard.worldbank.org 5761:Nationally determined contributions 5471:Individual action on climate change 4686:World energy supply and consumption 4418: 4407: 4359: 3936:from the original on April 24, 2016 3925:Davenport, Coral (April 23, 2016). 3874:"Overcoming the Copenhagen Failure" 3681: 3603: 3591: 3575: 3563: 3462:from the original on April 13, 2021 3036:from the original on August 8, 2014 3021: 2976: 2894:"Cap and Trade: Frequent Questions" 2891: 2556:from the original on March 11, 2021 1283:500 km small aircraft per seat 1257:500 km car travel, 1 passenger 1007:in contrast to high-emission coal. 927: 787:social cost caused by a tonne of CO 357:Economic analysis of climate change 304:World energy supply and consumption 13: 5900:Fixed anvil temperature hypothesis 4527: 4053:from the original on July 21, 2021 4023:from the original on July 21, 2021 3993:from the original on July 16, 2021 3801:from the original on June 24, 2019 3701:from the original on March 4, 2016 3623:. In B. Metz; et al. (eds.). 3474: 2698: 2378:Carbon pricing and economic growth 2189:Renewable energy commercialization 994:Market price surge in fossil fuels 914:Regional Greenhouse Gas Initiative 893:Cap-and-trade systems can include 382:Environmental full-cost accounting 14: 6108: 5827:Satellite temperature measurement 5432:forestry for carbon sequestration 4723:History of climate change science 4438: 4118:from the original on May 15, 2019 3753:Driscoll, Daniel (January 2020). 3694:. World Bank. 2010. p. 251. 3250:from the original on May 12, 2021 2716:from the original on May 15, 2019 2669: 2538: 2477:asked governments to tax carbon. 2297: 1268:500 km jet aircraft per seat 901:Carbon tax versus emissions trade 880: 785:The exact monetary damage of the 70:) is a method for governments to 54:or carbon tax under consideration 6053: 6041: 6030: 6029: 6017: 5678:Climate Change Performance Index 4484: 4470: 4189:Szabo, Michael (June 14, 2010). 3619:Barker, T.; et al. (2007). 3372: 1629: 1180:Other taxes and price components 690: 678: 666: 5817:Instrumental temperature record 5768:Sustainable Development Goal 13 4210: 4182: 4098: 4035: 4005: 3975: 3918: 3787: 3746: 3643: 3597: 3569: 3530: 3519: 3448:Ackva, Johannes; Hoppe, Janna. 3441: 3419: 3393: 3366: 3330: 3318: 3303: 3262: 3201: 3176: 3148:World Bank (November 6, 2009). 3141: 3108: 3078: 3029:. International Monetary Fund. 2982: 2970: 2912: 2728: 2519: 2486:caps prevent non-price policies 969: 590:Corporate social responsibility 82:combustion, the main driver of 5885:Climate variability and change 5235: 4926:Retreat of glaciers since 1850 4282:Environmental Research Letters 3275:Environmental Research Letters 2643: 2631: 2606: 2568: 2327:Carbon Leakage Exposure Factor 1137:non EU-ETS: transport, heating 748:command and control regulation 1: 5995:Shared Socioeconomic Pathways 5530:Climate emergency declaration 4072:Mutsuyoshi Nishimura (2014). 3955:Nine Nobel Laureates (1997). 3375:"Carbon Taxes in Europe 2020" 3090:Union of Concerned Scientists 2532: 2411:American Economic Association 1966:Socially responsible business 1742:Bright green environmentalism 1082:electricity, district heating 874:Including economic feedbacks 750:less likely to be efficient. 620:Socially responsible business 5978:IPCC Sixth Assessment Report 5204:Middle East and North Africa 4540: 4421:"Klimawandel auf dem Teller" 3849:. World Bank. Archived from 3820:William D. Nordhaus (2013). 2801:. Eastern Economic Journal. 2505:get paid to eliminate them. 2395:Advantages and disadvantages 2217:Environmental pricing reform 1605: 837:German Environmental Agency 7: 4707: 4456:UN Climate Change Framework 4452:— Defines Kyoto commitments 3126:, Environment Directorate, 3115:Smith, S. (June 11, 2008). 2502:Clean Development Mechanism 2482:economics of carbon pricing 2438:International Monetary Fund 1971:Social return on investment 1263:7 L petrol per 100 km 1202:for a carbon price of $ 100 989:Carbon prices (USD) in 2021 625:Sustainability organization 387:Environmental impact design 189: 10: 6113: 5812:Global surface temperature 5703:Popular culture depictions 5615:Ecosystem-based adaptation 5345:Carbon capture and storage 5267:Carbon offsets and credits 4588: 4248:Global Warming of 1.5 °C — 4225: 3450:"The carbon tax in Sweden" 2938:10.1038/s41467-024-48512-w 2866:Robert N. Stavins (2007). 2794:N. Gregory Mankiw (2009). 2710:London School of Economics 2398: 2355:renewable energy subsidies 2286: 1956:Pollution haven hypothesis 1951:Natural resource economics 1936:High-performance buildings 804:Carbon price per ton of CO 764:Assuming all else is equal 407:High-performance buildings 327:Carbon offsets and credits 244:Carbon capture and storage 6024:Climate change portal 6011: 5950: 5917:Extreme event attribution 5835: 5804: 5800: 5789: 5733: 5668: 5590: 5540:School Strike for Climate 5512: 5508: 5494: 5463: 5419:Climate-smart agriculture 5380: 5337: 5247: 5243: 5230: 5154: 5017: 4964: 4807: 4803: 4790: 4713: 4702: 4631: 4600: 4596: 4583: 4566:Climate change adaptation 4561:Climate change mitigation 4556:Effects of climate change 4546: 4535: 4462:Pricing Carbon Initiative 4419:Noleppa, Steffen (2012). 4333:10.1596/978-1-4648-1728-1 4175:October 25, 2012, at the 3824:. Yale University Press. 3226:10.1007/s10273-019-2395-y 3216:(in German and English). 3160:10.1596/978-0-8213-7987-5 2761:10.1038/s41558-019-0474-0 2461:Carbonfund.org Foundation 2361:explains this as follows: 2336:by high-income countries 1719:Climate change mitigation 1396:1 KWh from light fuel oil 1200:The table gives examples 839: 836: 817: 814: 605:Effects of climate change 547:Climate-smart agriculture 497:Sustainability accounting 477:Climate change litigation 221:Co-benefits of mitigation 207:Climate change mitigation 5927:Global warming potential 5734:International agreements 5381:Preserving and enhancing 4825:Arctic methane emissions 4747:Years in climate change 4654:Greenhouse gas emissions 4551:Causes of climate change 4303:10.1088/1748-9326/ac1d0b 4043:"Carbon Offset Retailer" 3872:Joseph Stiglitz (2010). 3845:Martin Weitzman (2013). 3772:10.1177/2378023119898326 3296:10.1088/1748-9326/aabb0e 2512: 2159:Environmental technology 1802:Ecological modernization 1757:Corporate sustainability 906:Carbon emissions trading 595:Corporate sustainability 502:Sustainability reporting 454:Verified Carbon Standard 372:Environmental accounting 226:Greenhouse gas emissions 92:emissions trading scheme 76:greenhouse gas emissions 44:implemented or scheduled 34:implemented or scheduled 5958:Climate change scenario 5610:Disaster risk reduction 5262:Carbon emission trading 5072:U.S. insurance industry 5052:Civilizational collapse 4899:sea surface temperature 3208:Held, Benjamin (2019). 2401:Carbon emission trading 2325:Under the EU ETS rules 2232:Green industrial policy 1946:Marginal abatement cost 1869:Fiscal environmentalism 1686:Personal carbon trading 1656:Carbon fee and dividend 1651:Carbon emission trading 1623:Environmental economics 1196:Impact on retail prices 466:Frameworks and treaties 171:. One exception is the 155:. Latest models of the 72:mitigate climate change 52:Carbon emission trading 32:Carbon emission trading 5951:Research and modelling 5635:Nature-based solutions 5455:Nature-based solutions 5397:Carbon dioxide removal 5314:Fossil fuel divestment 5299:Climate risk insurance 5209:Small island countries 4830:Arctic sea ice decline 4137:Benito Müller (2009). 3627:. IPCC. Archived from 2873:. The Hamilton Project 2594:. Latham & Watkins 2450: 2375: 2169:Fossil fuel divestment 1422:life cycle assessment 1388:1 KWh from natural gas 1323:/km, >3700 km 1308:/km, >3700 km 990: 890: 738:economically efficient 557:Nature-based solutions 532:Carbon dioxide removal 422:Public interest design 392:Fossil fuel divestment 347:Climate risk insurance 274:Low-carbon electricity 259:Fossil fuel divestment 56: 5912:Earth's energy budget 5795:Background and theory 5683:Climate crisis (term) 5355:Fossil fuel phase-out 5249:Economics and finance 5214:by individual country 5156:By country and region 5131:Security and conflict 5126:Psychological impacts 4815:Abrupt climate change 4738:Charles David Keeling 4571:By country and region 4478:Global Warming portal 3876:. Project Syndicate. 2926:Nature Communications 2741:Nature Climate Change 2680:"Carbon Price Viewer" 2445: 2386:below the costs of CO 2363: 2227:Free public transport 2174:Fossil fuel phase-out 1696:Social cost of carbon 1531:salmon / canned tuna 988: 888: 492:Social responsibility 264:Fossil fuel phase-out 157:social cost of carbon 24: 5741:Glasgow Climate Pact 5402:Carbon sequestration 4977:Mass mortality event 4433:on November 1, 2020. 4409:"Meat Eater's Guide" 4392:Quaschning, Volker. 4321:Bank, World (2021). 3797:. January 12, 2015. 3727:. UN. Archived from 3086:"Carbon Pricing 101" 2900:on November 13, 2014 2837:. UN. Archived from 2488:, such as renewable 2475:UN Secretary General 2222:Environmental tariff 1847:full-cost accounting 1812:Efficient energy use 1797:Ecological footprint 1792:Ecological economics 537:Carbon sequestration 377:Environmental design 269:Fossil fuel vehicles 107:negative externality 5880:Climate sensitivity 5655:The Adaptation Fund 5111:Infectious diseases 5018:Social and economic 4294:2021ERL....16i4037K 4267:. pp. 313–443. 3853:on October 20, 2014 3765:: 237802311989832. 3437:on August 17, 2021. 3287:2018ERL....13d4036W 2753:2019NatCC...9..484H 2409:, president of the 2154:Carbon-neutral fuel 1817:Energy conservation 1364:1 kWh natural gas ( 1035: 615:Ethical consumerism 610:Energy conservation 322:Building insulation 16:CO2 Emission Market 5451:(LULUCF and AFOLU) 5423:Forest management 5407:Direct air capture 5372:Sustainable energy 5329:Net zero emissions 5324:Low-carbon economy 5319:Green Climate Fund 5106:Indigenous peoples 5009:Plant biodiversity 4797:Effects and issues 4327:. The World Bank. 3930:The New York Times 3822:The Climate Casino 3377:. Tax Foundation. 3154:. The World Bank. 2650:IPCC SR15 Ch4 2018 2619:. World Bank Group 2415:The Climate Casino 2194:Sustainable energy 2179:Low-carbon economy 2018:consumer behaviour 1590:1 kg potatoes 1425:source / remarks 1404:1 L light fuel oil 1048:coverage / remarks 1031: 1011:Scope and coverage 991: 891: 778:in February 2023. 635:Consumer behaviour 585:Conscious business 542:Direct air capture 417:Low-carbon economy 294:Sustainable energy 179:in February 2023. 57: 6097:Environmental tax 6069: 6068: 6007: 6006: 6003: 6002: 5942:Radiative forcing 5785: 5784: 5781: 5780: 5605:Adaptive capacity 5490: 5489: 5486: 5485: 5350:Energy transition 5226: 5225: 5222: 5221: 4946:Tropical cyclones 4872:Urban heat island 4786: 4785: 4698: 4697: 4694: 4693: 4659:Carbon accounting 4613:Greenhouse effect 4579: 4578: 4342:978-1-4648-1728-1 4239:eradicate poverty 3674:978-0-521-56854-8 3214:Wirtschaftsdienst 3194:978-92-870-3522-6 3169:978-0-8213-7987-5 3066:on August 2, 2010 2285: 2284: 2149:Carbon neutrality 2138:2000-watt society 2132:Energy transition 2043:development goals 1961:Social accounting 1681:Environmental tax 1676:Emissions trading 1603: 1602: 1509:1 kg chicken 1411: 1410: 1375: 1374: 1356:1 kWh natural gas 1327: 1326: 1241: 1240: 1210:methane emissions 1177: 1176: 1101:pricing in Canada 1026:fluorinated gases 1005:CCGT gas turbines 949:carbon neutrality 878: 877: 734: 733: 367:Emissions trading 254:Energy transition 143:According to the 6104: 6057: 6056: 6045: 6044: 6033: 6032: 6022: 6021: 6020: 5985:Paleoclimatology 5802: 5801: 5791: 5790: 5552:Ecological grief 5535:Climate movement 5510: 5509: 5496: 5495: 5476:Plant-based diet 5367:Renewable energy 5245: 5244: 5232: 5231: 5067:Economic impacts 4999:Invasive species 4855:Coastal flooding 4805: 4804: 4792: 4791: 4728:Svante Arrhenius 4704: 4703: 4674:from agriculture 4664:Carbon footprint 4649:Greenhouse gases 4598: 4597: 4585: 4584: 4537: 4536: 4522: 4515: 4508: 4499: 4498: 4494: 4492:Economics portal 4489: 4488: 4480: 4475: 4474: 4434: 4432: 4425: 4415: 4413: 4404: 4402: 4400: 4388: 4386: 4375: 4373: 4371: 4365: 4354: 4315: 4305: 4268: 4260: 4246: 4244: 4220: 4214: 4208: 4207: 4205: 4203: 4186: 4180: 4170:Types of Trading 4167: 4161: 4160: 4158: 4156: 4150: 4143: 4134: 4128: 4127: 4125: 4123: 4114:. May 15, 2019. 4102: 4096: 4095: 4093: 4091:10.1002/wene.131 4069: 4063: 4062: 4060: 4058: 4039: 4033: 4032: 4030: 4028: 4009: 4003: 4002: 4000: 3998: 3979: 3973: 3972: 3970: 3968: 3963:on March 4, 2016 3952: 3946: 3945: 3943: 3941: 3922: 3916: 3915: 3913: 3911: 3896: 3890: 3889: 3887: 3885: 3869: 3863: 3862: 3860: 3858: 3842: 3836: 3835: 3817: 3811: 3810: 3808: 3806: 3791: 3785: 3784: 3774: 3750: 3744: 3743: 3741: 3739: 3733: 3726: 3717: 3711: 3710: 3708: 3706: 3700: 3693: 3685: 3679: 3678: 3663:. IPCC. p.  3656: 3647: 3641: 3640: 3638: 3636: 3616: 3607: 3601: 3595: 3589: 3578: 3573: 3567: 3561: 3540: 3534: 3528: 3523: 3517: 3511: 3502: 3496: 3487: 3481: 3472: 3471: 3469: 3467: 3461: 3454: 3445: 3439: 3438: 3423: 3417: 3416: 3414: 3412: 3397: 3391: 3390: 3388: 3386: 3370: 3364: 3363:, pp. 29–30 3358: 3347: 3346: 3334: 3328: 3322: 3316: 3315: 3307: 3301: 3300: 3298: 3266: 3260: 3259: 3257: 3255: 3237: 3205: 3199: 3198: 3180: 3174: 3173: 3145: 3139: 3138: 3136: 3134: 3121: 3112: 3106: 3105: 3103: 3101: 3082: 3076: 3075: 3073: 3071: 3055: 3046: 3045: 3043: 3041: 3035: 3028: 3019: 3013: 3012: 3010: 3008: 3002: 2995: 2986: 2980: 2974: 2968: 2967: 2957: 2916: 2910: 2909: 2907: 2905: 2896:. Archived from 2889: 2883: 2882: 2880: 2878: 2872: 2863: 2854: 2853: 2851: 2849: 2844:on June 29, 2014 2843: 2836: 2827: 2818: 2817: 2815: 2813: 2807: 2800: 2791: 2785: 2784: 2782: 2780: 2732: 2726: 2725: 2723: 2721: 2702: 2696: 2695: 2693: 2691: 2676: 2667: 2662: 2653: 2647: 2641: 2635: 2629: 2628: 2626: 2624: 2618: 2610: 2604: 2603: 2601: 2599: 2587: 2578: 2572: 2566: 2565: 2563: 2561: 2542: 2526: 2523: 2494:carbon emissions 2492:, from reducing 2490:energy subsidies 2407:William Nordhaus 2277: 2270: 2263: 2143:Alternative fuel 2033:design standards 1941:Impact investing 1747:Circular economy 1714:Carbon footprint 1633: 1610: 1609: 1469:1 kg cheese 1457:1 kg butter 1413: 1412: 1377: 1376: 1329: 1328: 1243: 1242: 1215: 1214: 1039:country / region 1036: 1030: 928:Revenue policies 795: 794: 726: 719: 712: 694: 693: 682: 681: 675: 671: 670: 669: 412:Impact investing 284:Renewable energy 194: 193: 103:greenhouse gases 49: 39: 29: 6112: 6111: 6107: 6106: 6105: 6103: 6102: 6101: 6072: 6071: 6070: 6065: 6018: 6016: 5999: 5946: 5937:Orbital forcing 5831: 5796: 5777: 5751:Paris Agreement 5729: 5725:Warming stripes 5664: 5630:Managed retreat 5625:Loss and damage 5586: 5520:Business action 5504: 5482: 5459: 5382: 5376: 5333: 5294:Climate finance 5239: 5218: 5150: 5013: 4989:Extinction risk 4965:Flora and fauna 4960: 4921:Permafrost thaw 4916:Ozone depletion 4845:Extreme weather 4799: 4782: 4709: 4690: 4627: 4592: 4575: 4542: 4531: 4526: 4490: 4483: 4476: 4469: 4441: 4430: 4423: 4411: 4398: 4396: 4384: 4369: 4367: 4363: 4343: 4258: 4242: 4228: 4223: 4215: 4211: 4201: 4199: 4187: 4183: 4177:Wayback Machine 4168: 4164: 4154: 4152: 4148: 4141: 4135: 4131: 4121: 4119: 4104: 4103: 4099: 4070: 4066: 4056: 4054: 4041: 4040: 4036: 4026: 4024: 4011: 4010: 4006: 3996: 3994: 3981: 3980: 3976: 3966: 3964: 3953: 3949: 3939: 3937: 3923: 3919: 3909: 3907: 3898: 3897: 3893: 3883: 3881: 3870: 3866: 3856: 3854: 3843: 3839: 3832: 3818: 3814: 3804: 3802: 3793: 3792: 3788: 3751: 3747: 3737: 3735: 3734:on July 2, 2014 3731: 3724: 3718: 3714: 3704: 3702: 3698: 3691: 3687: 3686: 3682: 3675: 3654: 3648: 3644: 3634: 3632: 3631:on June 8, 2011 3617: 3610: 3602: 3598: 3590: 3581: 3574: 3570: 3566:, p. 19,23 3562: 3543: 3535: 3531: 3526:Quaschning 2021 3524: 3520: 3512: 3505: 3497: 3490: 3482: 3475: 3465: 3463: 3459: 3452: 3446: 3442: 3425: 3424: 3420: 3410: 3408: 3399: 3398: 3394: 3384: 3382: 3371: 3367: 3361:World Bank 2021 3359: 3350: 3335: 3331: 3325:World Bank 2021 3323: 3319: 3308: 3304: 3267: 3263: 3253: 3251: 3206: 3202: 3195: 3181: 3177: 3170: 3146: 3142: 3132: 3130: 3119: 3113: 3109: 3099: 3097: 3084: 3083: 3079: 3069: 3067: 3056: 3049: 3039: 3037: 3033: 3026: 3020: 3016: 3006: 3004: 3000: 2993: 2987: 2983: 2975: 2971: 2917: 2913: 2903: 2901: 2890: 2886: 2876: 2874: 2870: 2864: 2857: 2847: 2845: 2841: 2834: 2828: 2821: 2811: 2809: 2805: 2798: 2792: 2788: 2778: 2776: 2733: 2729: 2719: 2717: 2704: 2703: 2699: 2689: 2687: 2678: 2677: 2670: 2663: 2656: 2648: 2644: 2638:World Bank 2021 2636: 2632: 2622: 2620: 2616: 2612: 2611: 2607: 2597: 2595: 2588: 2581: 2575:World Bank 2021 2573: 2569: 2559: 2557: 2544: 2543: 2539: 2535: 2530: 2529: 2524: 2520: 2515: 2430:Joseph Stiglitz 2423:Martin Weitzman 2403: 2397: 2389: 2380: 2351: 2343: 2312: 2300: 2291: 2281: 2252: 2251: 2207: 2199: 2198: 2133: 2125: 2124: 2110:Thermoeconomics 1864:Ethical banking 1752:Climate finance 1737: 1729: 1728: 1709: 1701: 1700: 1641: 1608: 1348:1 kWh hard coal 1322: 1319:0.585 kgCO 1307: 1304:0.153 kgCO 1292: 1289:0.659 kgCO 1277: 1274:0.134 kgCO 1207: 1198: 1182: 1019: 1013: 996: 981: 977: 972: 964: 930: 903: 895:price stability 883: 865:Kikstra et al. 859:time preference 848:time preference 807: 790: 777: 772:Great Recession 730: 667: 665: 664: 657: 656: 575: 574:Related content 567: 566: 522: 512: 511: 487:Paris Agreement 482:Ethical banking 472:Business ethics 467: 459: 458: 342:Climate finance 317: 309: 308: 239: 192: 178: 170: 162: 153:the 1.5°C limit 150: 99: 67: 55: 47: 45: 37: 35: 27: 17: 12: 11: 5: 6110: 6100: 6099: 6094: 6089: 6084: 6082:Carbon finance 6067: 6066: 6064: 6063: 6051: 6039: 6027: 6012: 6009: 6008: 6005: 6004: 6001: 6000: 5998: 5997: 5992: 5987: 5982: 5981: 5980: 5970: 5965: 5960: 5954: 5952: 5948: 5947: 5945: 5944: 5939: 5934: 5929: 5924: 5919: 5914: 5909: 5904: 5903: 5902: 5892: 5890:Cloud feedback 5887: 5882: 5877: 5872: 5871: 5870: 5865: 5860: 5855: 5845: 5839: 5837: 5833: 5832: 5830: 5829: 5824: 5819: 5814: 5808: 5806: 5798: 5797: 5787: 5786: 5783: 5782: 5779: 5778: 5776: 5775: 5770: 5765: 5764: 5763: 5758: 5748: 5746:Kyoto Protocol 5743: 5737: 5735: 5731: 5730: 5728: 5727: 5722: 5721: 5720: 5715: 5710: 5700: 5698:Media coverage 5695: 5690: 5688:Climate spiral 5685: 5680: 5674: 5672: 5666: 5665: 5663: 5662: 5657: 5652: 5647: 5642: 5637: 5632: 5627: 5622: 5617: 5612: 5607: 5602: 5596: 5594: 5588: 5587: 5585: 5584: 5579: 5577:Public opinion 5574: 5569: 5564: 5559: 5554: 5549: 5544: 5543: 5542: 5532: 5527: 5525:Climate action 5522: 5516: 5514: 5506: 5505: 5492: 5491: 5488: 5487: 5484: 5483: 5481: 5480: 5479: 5478: 5467: 5465: 5461: 5460: 5458: 5457: 5452: 5446: 5445: 5444: 5439: 5437:REDD and REDD+ 5434: 5429: 5421: 5416: 5414:Carbon farming 5411: 5410: 5409: 5404: 5394: 5388: 5386: 5378: 5377: 5375: 5374: 5369: 5364: 5359: 5358: 5357: 5347: 5341: 5339: 5335: 5334: 5332: 5331: 5326: 5321: 5316: 5311: 5306: 5301: 5296: 5291: 5286: 5281: 5276: 5275: 5274: 5264: 5259: 5253: 5251: 5241: 5240: 5228: 5227: 5224: 5223: 5220: 5219: 5217: 5216: 5211: 5206: 5201: 5196: 5191: 5186: 5181: 5176: 5171: 5166: 5160: 5158: 5152: 5151: 5149: 5148: 5146:Water security 5143: 5141:Water scarcity 5138: 5136:Urban flooding 5133: 5128: 5123: 5118: 5113: 5108: 5103: 5098: 5097: 5096: 5086: 5081: 5076: 5075: 5074: 5064: 5059: 5054: 5049: 5044: 5039: 5038: 5037: 5032: 5021: 5019: 5015: 5014: 5012: 5011: 5006: 5001: 4996: 4994:Forest dieback 4991: 4986: 4981: 4980: 4979: 4968: 4966: 4962: 4961: 4959: 4958: 4953: 4948: 4943: 4938: 4933: 4931:Sea level rise 4928: 4923: 4918: 4913: 4912: 4911: 4906: 4904:stratification 4901: 4896: 4891: 4886: 4876: 4875: 4874: 4869: 4859: 4858: 4857: 4847: 4842: 4837: 4832: 4827: 4822: 4817: 4811: 4809: 4801: 4800: 4788: 4787: 4784: 4783: 4781: 4780: 4779: 4778: 4773: 4768: 4763: 4758: 4753: 4745: 4740: 4735: 4730: 4725: 4720: 4714: 4711: 4710: 4700: 4699: 4696: 4695: 4692: 4691: 4689: 4688: 4683: 4682: 4681: 4676: 4671: 4669:Carbon leakage 4666: 4661: 4651: 4646: 4641: 4635: 4633: 4629: 4628: 4626: 4625: 4620: 4610: 4608:Climate system 4604: 4602: 4594: 4593: 4581: 4580: 4577: 4576: 4574: 4573: 4568: 4563: 4558: 4553: 4547: 4544: 4543: 4533: 4532: 4529:Climate change 4525: 4524: 4517: 4510: 4502: 4496: 4495: 4481: 4466: 4465: 4459: 4453: 4447: 4440: 4439:External links 4437: 4436: 4435: 4416: 4405: 4389: 4377: 4376: 4356: 4355: 4341: 4317: 4316: 4272: 4271: 4270: 4269: 4264:IPCC SR15 2018 4227: 4224: 4222: 4221: 4209: 4181: 4162: 4129: 4097: 4064: 4047:Carbonfund.org 4034: 4017:Carbonfund.org 4004: 3987:Carbonfund.org 3974: 3947: 3917: 3891: 3864: 3837: 3831:978-0300189773 3830: 3812: 3786: 3745: 3712: 3680: 3673: 3642: 3608: 3596: 3579: 3568: 3541: 3529: 3518: 3503: 3488: 3473: 3440: 3418: 3401:"ICAP ETS-Map" 3392: 3365: 3348: 3329: 3317: 3302: 3261: 3200: 3193: 3175: 3168: 3140: 3107: 3077: 3047: 3014: 2981: 2969: 2911: 2884: 2855: 2819: 2786: 2747:(6): 484–489. 2727: 2697: 2668: 2654: 2642: 2630: 2605: 2579: 2567: 2536: 2534: 2531: 2528: 2527: 2517: 2516: 2514: 2511: 2457:Carbon offsets 2405:In late 2013, 2396: 2393: 2387: 2379: 2376: 2350: 2347: 2341: 2310: 2303:Carbon leakage 2299: 2298:Carbon leakage 2296: 2283: 2282: 2280: 2279: 2272: 2265: 2257: 2254: 2253: 2250: 2249: 2247:Rail subsidies 2244: 2242:Green politics 2239: 2237:Green New Deal 2234: 2229: 2224: 2219: 2214: 2212:Carbon leakage 2208: 2205: 2204: 2201: 2200: 2197: 2196: 2191: 2186: 2181: 2176: 2171: 2166: 2164:Feed-in tariff 2161: 2156: 2151: 2146: 2140: 2134: 2131: 2130: 2127: 2126: 2123: 2122: 2120:Value of Earth 2117: 2112: 2107: 2106: 2105: 2100: 2095: 2090: 2085: 2080: 2075: 2070: 2065: 2060: 2055: 2050: 2045: 2040: 2035: 2030: 2025: 2020: 2015: 2010: 2005: 1995: 1994: 1993: 1988: 1983: 1976:Sustainability 1973: 1968: 1963: 1958: 1953: 1948: 1943: 1938: 1933: 1932: 1931: 1926: 1921: 1916: 1911: 1906: 1901: 1896: 1891: 1886: 1881: 1871: 1866: 1861: 1860: 1859: 1854: 1849: 1844: 1839: 1834: 1829: 1819: 1814: 1809: 1804: 1799: 1794: 1789: 1784: 1782:Eco-innovation 1779: 1774: 1772:Eco-capitalism 1769: 1764: 1759: 1754: 1749: 1744: 1738: 1735: 1734: 1731: 1730: 1727: 1726: 1721: 1716: 1710: 1708:Climate change 1707: 1706: 1703: 1702: 1699: 1698: 1693: 1688: 1683: 1678: 1673: 1668: 1663: 1661:Carbon finance 1658: 1653: 1648: 1642: 1639: 1638: 1635: 1634: 1626: 1625: 1619: 1618: 1607: 1604: 1601: 1600: 1599:Eastern Idaho 1597: 1594: 1591: 1587: 1586: 1584: 1581: 1578: 1577:1 kg tofu 1574: 1573: 1570: 1567: 1564: 1560: 1559: 1557: 1554: 1551: 1550:1 kg nuts 1547: 1546: 1545:100 g per egg 1543: 1540: 1537: 1536:1 kg eggs 1533: 1532: 1529: 1526: 1523: 1522:1 kg fish 1519: 1518: 1516: 1513: 1510: 1506: 1505: 1502: 1499: 1496: 1495:1 kg rice 1492: 1491: 1489: 1486: 1483: 1482:1 kg pork 1479: 1478: 1476: 1473: 1470: 1466: 1465: 1463: 1461: 1458: 1454: 1453: 1450: 1447: 1444: 1443:1 kg beef 1440: 1439: 1437: 1434: 1431: 1430:1 kg lamb 1427: 1426: 1423: 1420: 1417: 1409: 1408: 1405: 1401: 1400: 1397: 1393: 1392: 1389: 1385: 1384: 1381: 1373: 1372: 1369: 1361: 1360: 1357: 1353: 1352: 1349: 1345: 1344: 1341: 1337: 1336: 1333: 1325: 1324: 1320: 1317: 1314: 1310: 1309: 1305: 1302: 1299: 1295: 1294: 1290: 1287: 1284: 1280: 1279: 1275: 1272: 1269: 1265: 1264: 1261: 1258: 1254: 1253: 1250: 1247: 1239: 1238: 1235: 1231: 1230: 1227: 1223: 1222: 1219: 1205: 1197: 1194: 1181: 1178: 1175: 1174: 1171: 1168: 1165: 1162: 1158: 1157: 1154: 1152: 1149: 1146: 1142: 1141: 1138: 1135: 1132: 1129: 1125: 1124: 1121: 1118: 1115: 1112: 1108: 1107: 1104: 1097: 1094: 1091: 1087: 1086: 1085:launched 2021 1083: 1080: 1077: 1074: 1070: 1069: 1066: 1063: 1060: 1057: 1053: 1052: 1049: 1046: 1043: 1040: 1017: 1012: 1009: 995: 992: 979: 975: 971: 968: 967: 966: 962: 951: 945: 942: 929: 926: 902: 899: 882: 881:Implementation 879: 876: 875: 872: 869: 866: 862: 861: 855: 854:$ 757 (640 €) 851: 850: 844: 843:$ 213 (180 €) 841: 838: 834: 833: 830: 826: 825: 822: 819: 816: 812: 811: 808: 805: 802: 799: 788: 775: 743:market failure 732: 731: 729: 728: 721: 714: 706: 703: 702: 701: 700: 688: 676: 659: 658: 655: 654: 653: 652: 647: 642: 637: 627: 622: 617: 612: 607: 602: 597: 592: 587: 582: 580:Climate action 576: 573: 572: 569: 568: 565: 564: 559: 554: 549: 544: 539: 534: 529: 523: 518: 517: 514: 513: 510: 509: 504: 499: 494: 489: 484: 479: 474: 468: 465: 464: 461: 460: 457: 456: 451: 450: 449: 444: 439: 434: 427:Sustainability 424: 419: 414: 409: 404: 399: 397:Green building 394: 389: 384: 379: 374: 369: 364: 359: 354: 352:Eco-capitalism 349: 344: 339: 334: 329: 324: 318: 315: 314: 311: 310: 307: 306: 301: 296: 291: 286: 281: 276: 271: 266: 261: 256: 251: 249:Coal phase-out 246: 240: 235: 234: 231: 230: 229: 228: 223: 218: 216:Climate change 210: 209: 203: 202: 191: 188: 176: 168: 160: 148: 97: 84:climate change 65: 60:Carbon pricing 46: 36: 26: 15: 9: 6: 4: 3: 2: 6109: 6098: 6095: 6093: 6090: 6088: 6085: 6083: 6080: 6079: 6077: 6062: 6061: 6052: 6050: 6049: 6040: 6038: 6037: 6028: 6026: 6025: 6014: 6013: 6010: 5996: 5993: 5991: 5988: 5986: 5983: 5979: 5976: 5975: 5974: 5971: 5969: 5966: 5964: 5963:Climate model 5961: 5959: 5956: 5955: 5953: 5949: 5943: 5940: 5938: 5935: 5933: 5930: 5928: 5925: 5923: 5920: 5918: 5915: 5913: 5910: 5908: 5905: 5901: 5898: 5897: 5896: 5895:Cloud forcing 5893: 5891: 5888: 5886: 5883: 5881: 5878: 5876: 5873: 5869: 5866: 5864: 5861: 5859: 5856: 5854: 5851: 5850: 5849: 5846: 5844: 5841: 5840: 5838: 5834: 5828: 5825: 5823: 5820: 5818: 5815: 5813: 5810: 5809: 5807: 5803: 5799: 5792: 5788: 5774: 5771: 5769: 5766: 5762: 5759: 5757: 5754: 5753: 5752: 5749: 5747: 5744: 5742: 5739: 5738: 5736: 5732: 5726: 5723: 5719: 5716: 5714: 5711: 5709: 5706: 5705: 5704: 5701: 5699: 5696: 5694: 5691: 5689: 5686: 5684: 5681: 5679: 5676: 5675: 5673: 5671: 5670:Communication 5667: 5661: 5658: 5656: 5653: 5651: 5650:Vulnerability 5648: 5646: 5643: 5641: 5638: 5636: 5633: 5631: 5628: 5626: 5623: 5621: 5620:Flood control 5618: 5616: 5613: 5611: 5608: 5606: 5603: 5601: 5598: 5597: 5595: 5593: 5589: 5583: 5580: 5578: 5575: 5573: 5570: 5568: 5565: 5563: 5560: 5558: 5555: 5553: 5550: 5548: 5545: 5541: 5538: 5537: 5536: 5533: 5531: 5528: 5526: 5523: 5521: 5518: 5517: 5515: 5511: 5507: 5503: 5497: 5493: 5477: 5474: 5473: 5472: 5469: 5468: 5466: 5462: 5456: 5453: 5450: 5447: 5443: 5442:reforestation 5440: 5438: 5435: 5433: 5430: 5428: 5427:afforestation 5425: 5424: 5422: 5420: 5417: 5415: 5412: 5408: 5405: 5403: 5400: 5399: 5398: 5395: 5393: 5390: 5389: 5387: 5385: 5379: 5373: 5370: 5368: 5365: 5363: 5362:Nuclear power 5360: 5356: 5353: 5352: 5351: 5348: 5346: 5343: 5342: 5340: 5336: 5330: 5327: 5325: 5322: 5320: 5317: 5315: 5312: 5310: 5307: 5305: 5302: 5300: 5297: 5295: 5292: 5290: 5287: 5285: 5282: 5280: 5277: 5273: 5270: 5269: 5268: 5265: 5263: 5260: 5258: 5257:Carbon budget 5255: 5254: 5252: 5250: 5246: 5242: 5238: 5233: 5229: 5215: 5212: 5210: 5207: 5205: 5202: 5200: 5197: 5195: 5192: 5190: 5187: 5185: 5182: 5180: 5177: 5175: 5172: 5170: 5167: 5165: 5162: 5161: 5159: 5157: 5153: 5147: 5144: 5142: 5139: 5137: 5134: 5132: 5129: 5127: 5124: 5122: 5119: 5117: 5114: 5112: 5109: 5107: 5104: 5102: 5099: 5095: 5094:Mental health 5092: 5091: 5090: 5087: 5085: 5082: 5080: 5077: 5073: 5070: 5069: 5068: 5065: 5063: 5060: 5058: 5055: 5053: 5050: 5048: 5045: 5043: 5040: 5036: 5035:United States 5033: 5031: 5028: 5027: 5026: 5023: 5022: 5020: 5016: 5010: 5007: 5005: 5002: 5000: 4997: 4995: 4992: 4990: 4987: 4985: 4982: 4978: 4975: 4974: 4973: 4970: 4969: 4967: 4963: 4957: 4954: 4952: 4949: 4947: 4944: 4942: 4939: 4937: 4934: 4932: 4929: 4927: 4924: 4922: 4919: 4917: 4914: 4910: 4907: 4905: 4902: 4900: 4897: 4895: 4892: 4890: 4889:deoxygenation 4887: 4885: 4884:acidification 4882: 4881: 4880: 4877: 4873: 4870: 4868: 4865: 4864: 4863: 4860: 4856: 4853: 4852: 4851: 4848: 4846: 4843: 4841: 4838: 4836: 4833: 4831: 4828: 4826: 4823: 4821: 4818: 4816: 4813: 4812: 4810: 4806: 4802: 4798: 4793: 4789: 4777: 4774: 4772: 4769: 4767: 4764: 4762: 4759: 4757: 4754: 4752: 4749: 4748: 4746: 4744: 4741: 4739: 4736: 4734: 4731: 4729: 4726: 4724: 4721: 4719: 4716: 4715: 4712: 4705: 4701: 4687: 4684: 4680: 4679:from wetlands 4677: 4675: 4672: 4670: 4667: 4665: 4662: 4660: 4657: 4656: 4655: 4652: 4650: 4647: 4645: 4642: 4640: 4639:Deforestation 4637: 4636: 4634: 4630: 4624: 4621: 4618: 4614: 4611: 4609: 4606: 4605: 4603: 4599: 4595: 4591: 4586: 4582: 4572: 4569: 4567: 4564: 4562: 4559: 4557: 4554: 4552: 4549: 4548: 4545: 4538: 4534: 4530: 4523: 4518: 4516: 4511: 4509: 4504: 4503: 4500: 4493: 4487: 4482: 4479: 4473: 4468: 4463: 4460: 4457: 4454: 4451: 4448: 4446: 4443: 4442: 4429: 4422: 4417: 4410: 4406: 4399:September 23, 4395: 4390: 4383: 4379: 4378: 4370:September 12, 4362: 4358: 4357: 4352: 4348: 4344: 4338: 4334: 4330: 4326: 4325: 4319: 4318: 4313: 4309: 4304: 4299: 4295: 4291: 4288:(9): 094037. 4287: 4283: 4279: 4274: 4273: 4266: 4265: 4257: 4252: 4251: 4249: 4241: 4240: 4234: 4230: 4229: 4219:. iasplus.com 4218: 4213: 4198: 4197: 4192: 4185: 4178: 4174: 4171: 4166: 4147: 4140: 4133: 4117: 4113: 4112: 4107: 4101: 4092: 4087: 4083: 4079: 4075: 4068: 4052: 4048: 4044: 4038: 4022: 4018: 4014: 4008: 3992: 3988: 3984: 3978: 3962: 3958: 3951: 3935: 3931: 3928: 3921: 3905: 3901: 3895: 3879: 3875: 3868: 3852: 3848: 3841: 3833: 3827: 3823: 3816: 3800: 3796: 3790: 3782: 3778: 3773: 3768: 3764: 3760: 3756: 3749: 3730: 3723: 3720:IPCC (2014). 3716: 3697: 3690: 3684: 3676: 3670: 3666: 3662: 3661: 3653: 3646: 3630: 3626: 3622: 3615: 3613: 3605: 3600: 3593: 3588: 3586: 3584: 3577: 3572: 3565: 3560: 3558: 3556: 3554: 3552: 3550: 3548: 3546: 3538: 3533: 3527: 3522: 3515: 3510: 3508: 3500: 3495: 3493: 3485: 3480: 3478: 3466:September 13, 3458: 3451: 3444: 3436: 3432: 3428: 3422: 3411:September 13, 3406: 3402: 3396: 3385:September 13, 3380: 3376: 3369: 3362: 3357: 3355: 3353: 3344: 3340: 3333: 3326: 3321: 3313: 3306: 3297: 3292: 3288: 3284: 3281:(4): 044036. 3280: 3276: 3272: 3265: 3249: 3245: 3241: 3236: 3231: 3227: 3223: 3219: 3215: 3211: 3204: 3196: 3190: 3186: 3179: 3171: 3165: 3161: 3157: 3153: 3152: 3144: 3129: 3125: 3118: 3111: 3095: 3091: 3087: 3081: 3065: 3061: 3054: 3052: 3032: 3025: 3018: 3007:September 13, 2999: 2992: 2985: 2978: 2973: 2965: 2961: 2956: 2951: 2947: 2943: 2939: 2935: 2931: 2927: 2923: 2915: 2899: 2895: 2888: 2869: 2862: 2860: 2840: 2833: 2830:IPCC (2014). 2826: 2824: 2804: 2797: 2790: 2774: 2770: 2766: 2762: 2758: 2754: 2750: 2746: 2742: 2738: 2731: 2715: 2711: 2707: 2701: 2685: 2681: 2675: 2673: 2666: 2661: 2659: 2652:, p. 374 2651: 2646: 2639: 2634: 2615: 2609: 2593: 2586: 2584: 2576: 2571: 2555: 2551: 2547: 2541: 2537: 2522: 2518: 2510: 2506: 2503: 2497: 2495: 2491: 2487: 2483: 2478: 2476: 2471: 2469: 2464: 2462: 2458: 2454: 2449: 2444: 2441: 2439: 2435: 2431: 2426: 2424: 2420: 2416: 2412: 2408: 2402: 2392: 2383: 2374: 2372: 2368: 2362: 2360: 2356: 2346: 2339: 2335: 2334:protectionism 2330: 2328: 2323: 2321: 2315: 2307: 2304: 2295: 2290: 2278: 2273: 2271: 2266: 2264: 2259: 2258: 2256: 2255: 2248: 2245: 2243: 2240: 2238: 2235: 2233: 2230: 2228: 2225: 2223: 2220: 2218: 2215: 2213: 2210: 2209: 2203: 2202: 2195: 2192: 2190: 2187: 2185: 2182: 2180: 2177: 2175: 2172: 2170: 2167: 2165: 2162: 2160: 2157: 2155: 2152: 2150: 2147: 2144: 2141: 2139: 2136: 2135: 2129: 2128: 2121: 2118: 2116: 2113: 2111: 2108: 2104: 2101: 2099: 2096: 2094: 2091: 2089: 2088:refurbishment 2086: 2084: 2081: 2079: 2076: 2074: 2071: 2069: 2066: 2064: 2061: 2059: 2056: 2054: 2051: 2049: 2046: 2044: 2041: 2039: 2036: 2034: 2031: 2029: 2026: 2024: 2021: 2019: 2016: 2014: 2011: 2009: 2006: 2004: 2001: 2000: 1999: 1996: 1992: 1989: 1987: 1984: 1982: 1979: 1978: 1977: 1974: 1972: 1969: 1967: 1964: 1962: 1959: 1957: 1954: 1952: 1949: 1947: 1944: 1942: 1939: 1937: 1934: 1930: 1927: 1925: 1922: 1920: 1917: 1915: 1912: 1910: 1907: 1905: 1902: 1900: 1897: 1895: 1892: 1890: 1887: 1885: 1882: 1880: 1877: 1876: 1875: 1872: 1870: 1867: 1865: 1862: 1858: 1855: 1853: 1852:impact design 1850: 1848: 1845: 1843: 1840: 1838: 1835: 1833: 1830: 1828: 1825: 1824: 1823: 1822:Environmental 1820: 1818: 1815: 1813: 1810: 1808: 1807:Ecotechnology 1805: 1803: 1800: 1798: 1795: 1793: 1790: 1788: 1787:Eco-investing 1785: 1783: 1780: 1778: 1775: 1773: 1770: 1768: 1767:Disinvestment 1765: 1763: 1760: 1758: 1755: 1753: 1750: 1748: 1745: 1743: 1740: 1739: 1733: 1732: 1725: 1722: 1720: 1717: 1715: 1712: 1711: 1705: 1704: 1697: 1694: 1692: 1689: 1687: 1684: 1682: 1679: 1677: 1674: 1672: 1669: 1667: 1666:Carbon offset 1664: 1662: 1659: 1657: 1654: 1652: 1649: 1647: 1646:Carbon credit 1644: 1643: 1637: 1636: 1632: 1628: 1627: 1624: 1621: 1620: 1616: 1612: 1611: 1598: 1595: 1592: 1589: 1588: 1585: 1582: 1579: 1576: 1575: 1571: 1568: 1565: 1562: 1561: 1558: 1555: 1552: 1549: 1548: 1544: 1541: 1538: 1535: 1534: 1530: 1527: 1524: 1521: 1520: 1517: 1514: 1511: 1508: 1507: 1503: 1500: 1497: 1494: 1493: 1490: 1487: 1484: 1481: 1480: 1477: 1474: 1471: 1468: 1467: 1464: 1462: 1459: 1456: 1455: 1451: 1448: 1445: 1442: 1441: 1438: 1435: 1432: 1429: 1428: 1424: 1421: 1419:at farm gate 1418: 1415: 1414: 1406: 1403: 1402: 1398: 1395: 1394: 1390: 1387: 1386: 1382: 1379: 1378: 1370: 1367: 1363: 1362: 1358: 1355: 1354: 1350: 1347: 1346: 1342: 1340:1 kWh lignite 1339: 1338: 1334: 1331: 1330: 1318: 1315: 1312: 1311: 1303: 1300: 1297: 1296: 1288: 1285: 1282: 1281: 1273: 1270: 1267: 1266: 1262: 1259: 1256: 1255: 1251: 1248: 1245: 1244: 1236: 1233: 1232: 1228: 1225: 1224: 1220: 1217: 1216: 1213: 1211: 1203: 1193: 1191: 1187: 1172: 1169: 1166: 1163: 1160: 1159: 1155: 1153: 1150: 1147: 1144: 1143: 1139: 1136: 1133: 1130: 1127: 1126: 1122: 1119: 1116: 1113: 1110: 1109: 1105: 1102: 1098: 1095: 1092: 1089: 1088: 1084: 1081: 1078: 1075: 1072: 1071: 1067: 1064: 1061: 1058: 1055: 1054: 1051:revenue 2020 1050: 1047: 1044: 1041: 1038: 1037: 1034: 1029: 1027: 1023: 1008: 1006: 1002: 987: 983: 960: 956: 952: 950: 946: 943: 939: 935: 934: 933: 925: 921: 917: 915: 911: 907: 898: 896: 887: 873: 870: 867: 864: 863: 860: 856: 853: 852: 849: 845: 842: 835: 831: 828: 827: 823: 820: 813: 809: 803: 800: 797: 796: 793: 791: 783: 779: 773: 769: 765: 760: 759:cap-and-trade 756: 751: 749: 744: 739: 727: 722: 720: 715: 713: 708: 707: 705: 704: 699: 698: 689: 687: 686: 677: 674: 663: 662: 661: 660: 651: 648: 646: 643: 641: 638: 636: 633: 632: 631: 628: 626: 623: 621: 618: 616: 613: 611: 608: 606: 603: 601: 600:Disinvestment 598: 596: 593: 591: 588: 586: 583: 581: 578: 577: 571: 570: 563: 562:Reforestation 560: 558: 555: 553: 550: 548: 545: 543: 540: 538: 535: 533: 530: 528: 525: 524: 521: 516: 515: 508: 505: 503: 500: 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event 4733:James Hansen 4450:CDM Rulebook 4428:the original 4397:. 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Index

Carbon taxes and emission trading worldwide
Carbon emission trading
Carbon tax
Carbon emission trading
mitigate climate change
greenhouse gas emissions
fossil fuel
climate change
carbon tax
emissions trading scheme
CO2
greenhouse gases
negative externality
Chinese national carbon trading scheme
Canada
India
Russia
Gulf states
Australia
carbon pricing scheme from 2012 to 2014
Intergovernmental Panel on Climate Change
the 1.5°C limit
social cost of carbon
GDP
European Union Emissions Trading System
carbon budget
a series
Climate change mitigation
Climate change
Co-benefits of mitigation

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