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33: 923:. 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 4483: 897: 6052: 6040: 679: 6076: 6064: 703: 691: 4497: 1642: 997: 935:
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
2436:, 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. 930:
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
2507:, while carbon taxes do not. Others argue that an enforced cap is the only way to guarantee that carbon emissions will actually be reduced; a carbon tax will not prevent those who can afford to do so from continuing to generate emissions. 3706: 2316:
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
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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:
3699: 2842: 976:. 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. 3944: 3671:
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.
965: 3739: 3349: 2878: 1203:, utility expenses and other components are still the main cause for completely different price levels between countries. 5491: 5269: 5087: 5009: 4999: 4982: 4889: 4696: 2333:(2007) concluded that the competitive losses of then-current mitigation actions, e.g., the EU-ETS, were not significant. 785:. Recent policy changes have led to a steep increase of the carbon price since 2018, exceeding 100€ ($ 118) per ton of CO 367: 314: 5014: 4287:
Kikstra, Jarmo S; Waidelich, Paul; Rising, James; Yumashev, Dmitry; Hope, Chris; Brierley, Chris M (September 6, 2021).
4247: 5920: 5781: 5738: 5234: 4371: 3840: 2199: 1857: 924: 720: 392: 209: 5847: 5723: 5540: 4733: 4266: 3415: 777:, the market for permits will automatically adjust the carbon price to a level that ensures that the cap is met. The 279: 123:
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.
2028: 758: 645: 17: 3914: 3096: 6015: 5550: 5082: 3460: 2421: 2053: 1976: 1752: 630: 4460: 3662: 5998: 5670: 5199: 5194: 5099: 4966: 4523: 2227: 2043: 4438: 4372:"Technical Update of the Social Cost of Carbon for Regulatory Impact Analysis Under Executive Order 12866" 2602: 5209: 5052: 2512: 2448: 1996: 1981: 1862: 635: 397: 148: 6117: 6068: 5832: 5635: 5592: 5365: 5287: 5141: 3466:. German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) / adelphi. 2720: 2376:
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.
5947: 5942: 5932: 5873: 5713: 5219: 5184: 5067: 4994: 4835: 4664: 4600: 4561: 3160: 2933:"Systematic review and meta-analysis of ex-post evaluations on the effectiveness of carbon pricing" 2556: 2504: 2169: 2068: 2001: 1847: 1837: 1812: 1767: 1376: 605: 512: 464: 382: 236: 102: 86: 6102: 6056: 5978: 5888: 5630: 5602: 5282: 4931: 4909: 4516: 2411: 2242: 2093: 2048: 2033: 2018: 2013: 1956: 1879: 1696: 1666: 1661: 1633: 916: 442: 62: 42: 4404: 3639: 2806: 2511:
emissions more than is required by pre-existing regulation. An example of such a program is the
5655: 5475: 5417: 5334: 5319: 5204: 4840: 4786: 4781: 4776: 4771: 4766: 4761: 4289:"The social cost of carbon dioxide under climate-economy feedbacks and temperature variability" 2179: 2083: 2078: 2073: 2023: 1884: 1867: 927:, for example, sets an upper limit on allowance prices through its cost containment provision. 567: 542: 452: 432: 402: 357: 284: 269: 32: 6107: 6044: 5690: 5567: 5375: 4825: 4748: 4488: 3282:"Biogeochemical potential of biomass pyrolysis systems for limiting global warming to 1.5 °C" 2237: 2184: 2113: 1852: 1706: 1111: 797: 683: 502: 457: 274: 167: 4180: 3858:"Can Negotiating a Uniform Carbon Price Help to Internalize the Global Warming Externality?" 5883: 5761: 5422: 4987: 4914: 4300: 3971: 3293: 2759: 2485: 2232: 2103: 1842: 1822: 1807: 1802: 547: 447: 387: 3034: 2470:
for individuals and businesses may also be purchased through carbon offset retailers like
1289:/km, Domestic flight NZ, A320, 173 seats, all occupied, with radiative forcing multiplier 8: 5900: 5675: 4899: 4894: 4333: 3385: 2164: 2108: 2063: 1832: 1827: 748: 660: 625: 620: 332: 4304: 4246:(2018). Masson-Delmotte, V.; Zhai, P.; Pörtner, H.-O.; Roberts, D.; et al. (eds.). 3297: 2965: 2763: 6112: 5728: 5660: 5577: 5427: 5392: 5349: 5344: 5339: 4904: 4357: 4318: 3250: 3221:"Carbon Dividend – An Instrument for a Socially Just Environmental and Climate Policy?" 2775: 2204: 2189: 2088: 2058: 2038: 655: 595: 552: 427: 304: 247: 5962: 5625: 5370: 5136: 4919: 4882: 4669: 4623: 4361: 4347: 4322: 3836: 3787: 3679: 3254: 3199: 3174: 2970: 2952: 2932: 2779: 2690: 2159: 2148: 1971: 1899: 1691: 1686: 1220: 1036: 959: 377: 264: 2364:
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
117: 5957: 5878: 5842: 5771: 5745: 5733: 5650: 5582: 5457: 5314: 4926: 4877: 4855: 4187: 4053: 4023: 2440: 2433: 2120: 1919: 1874: 1762: 905: 869: 858: 782: 774: 497: 492: 482: 352: 4482: 5910: 5766: 5708: 5703: 5545: 5434: 5166: 5161: 5156: 5004: 4941: 4679: 4659: 4618: 4539: 4377:. Interagency Working Group on Social Cost of Greenhouse Gases (US govt.). 2016 4313: 4288: 4117:"Tax carbon, not people: UN chief issues climate plea from Pacific 'frontline'" 3806:"Estimated social cost of climate change not accurate, Stanford scientists say" 3306: 3281: 2948: 2471: 2313: 2257: 2252: 2247: 2222: 2174: 2130: 2008: 1986: 1929: 1894: 1792: 1782: 1671: 753: 640: 590: 437: 407: 362: 259: 226: 197:. Current implementations are only designed to meet certain reduction targets. 113: 106: 94: 4343: 3236: 3170: 2771: 6096: 5983: 5915: 5640: 5462: 5447: 5382: 5277: 3791: 3782: 3765: 3323:"More than half of all CO2 emissions since 1751 emitted in the last 30 years" 2956: 2467: 2344: 1939: 1934: 1924: 1904: 1817: 1797: 1777: 1676: 1656: 972:, the cost for generating negative emissions is about $ 150–165 per ton of CO 769: 610: 572: 289: 194: 158:, a price level of $ 135–$ 5500 in 2030 and $ 245–$ 13,000 per metric ton CO 5868: 5665: 5309: 4946: 4830: 4743: 4121: 2974: 2194: 1909: 1787: 1701: 1011: 931:
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
136: 128: 120:– a detrimental product that is not charged for by any market. 3938:"Carbon Pricing Becomes a Cause for the World Bank and I.M.F." 2879:"A U.S. Cap-and-Trade System to Address Global Climate Change" 2359: 5777:
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
4475:— US focused effort for carbon-pricing commitments 4398:. Ministry for the environment, New Zealand. 2020. 4150:"Additionality in the Clean Development Mechanism" 4024:"For Businesses - Offset Your Corporate Footprint" 1309:5000 km jet aircraft, economy class, per seat 900:Carbon emission trade – allowance prices from 2008 186:(EU-ETS) which exceeded €100 ($ 108) per ton of CO 3770:Socius: Sociological Research for a Dynamic World 2876: 2804: 2320:The leakage rate is defined as the increase in CO 6094: 5994:Intergovernmental Panel on Climate Change (IPCC) 4393:"Measuring Emissions: A Guide for Organisations" 3994:"For Individuals - Offset Your Carbon Footprint" 3444:(in German). ARD. August 2, 2021. Archived from 3007:(Report). German Environment Agency. p. 8. 2717:"What is a carbon price and why do we need one?" 2492: 2439:Similar views have previously been discussed by 1324:5000 km jet aircraft, first class, per seat 89:. This is done to encourage polluters to reduce 3882: 3855: 3824: 3064: 3062: 2405: 1463:$ 33.50 with land-use in tropical rain forests 3660: 3632:"Mitigation from a cross-sectoral perspective" 3035:"Factsheet: Climate, Environment, and the IMF" 2671: 2669: 835:Central estimate for 3% discount rate in 2020 4729:History of climate change policy and politics 4524: 4264: 4147: 4141: 3026: 2999: 2660: 2384:within the time period that the cap applies . 2279: 728: 97:. A carbon price usually takes the form of a 4256:. Intergovernmental Panel on Climate Change. 3876: 3438:"Bund erwartet Rekorderlöse aus CO2-Rechten" 3059: 2872: 2870: 4846:Atlantic meridional overturning circulation 2666: 2596: 2594: 2536:ignoring the riskiness of prices under caps 2360:Interactions with renewable energy policies 1181:transport, buildings, industry, agriculture 1151:$ 8.75 bn (€7.4 bn) expected, launch 2021 6075: 6063: 5520: 4531: 4517: 4402: 4331: 4076: 3903: 3629: 3536: 3371: 3335: 3320: 3158: 2798: 2648: 2600: 2585: 2286: 2272: 1206: 949:return to the public on a per-capita basis 826:Interagency Working Group (US government) 735: 721: 702: 690: 5815: 5621:Adaptation strategies on the German coast 4754:United Nations Climate Change conferences 4312: 4274: 4242: 4228:Cap and trade programs for greenhouse gas 4100: 3968:"Economists' Statement on Climate Change" 3935: 3781: 3766:"Do Carbon Prices Limit Economic Growth?" 3625: 3623: 3347: 3305: 3244: 3125: 2964: 2867: 2625:"State and Trends of Carbon Pricing 2023" 2356:little to the problem of climate change. 1219:equivalents including the high impact of 156:Intergovernmental Panel on Climate Change 85:, in which a monetary cost is applied to 5325:Co-benefits of climate change mitigation 4437:(in German). WWF Germany. Archived from 3849: 3763: 3598: 3596: 3594: 3570: 3568: 3566: 3564: 3562: 3560: 3558: 3556: 3139:Centre for Tax Policy and Administration 2591: 1076:industry, electricity, intra-EU aviation 995: 895: 31: 5681:National Adaptation Programme of Action 5470:Land use, land-use change, and forestry 4391: 4335:State and Trends of Carbon Pricing 2021 4286: 4174: 4155:. Oxford Institute for Energy Studies. 3663:"Introduction: scope of the assessment" 3547: 3524: 3520: 3518: 3509: 3505: 3503: 3494: 3392:from the original on September 13, 2021 3321:Stainforth, Thorfinn (April 29, 2020). 3107:from the original on September 24, 2019 2896: 2697:from the original on September 15, 2021 2675: 2603:"China's National ETS Launches Trading" 1114:, additional taxes and ETS in provinces 563:Land use, land-use change, and forestry 184:European Union Emissions Trading System 149:carbon pricing scheme from 2012 to 2014 131:. On the other hand, top emitters like 14: 6095: 5330:Economics of climate change mitigation 5293:Gold Standard (carbon offset standard) 4806: 4634:Scientific consensus on climate change 4456:Our Climate Put A Price On It campaign 3620: 3458: 3073:. Yale Environment 360. Archived from 3014:from the original on November 10, 2021 2748:"Nudging out support for a carbon tax" 2601:Davies, Paul A.; Westgate, R. Andrew. 2300:Economics of climate change mitigation 373:Economics of climate change mitigation 125:Chinese national carbon trading scheme 5989:Coupled Model Intercomparison Project 5814: 5519: 5255: 4805: 4717: 4598: 4550: 4512: 4469:— Lists national commitments for 2020 4199: 3970:. Redefining Progress. Archived from 3668:. In J.P. Bruce; et al. (eds.). 3591: 3553: 3490: 3488: 2786:from the original on January 28, 2020 1021: 6011:Representative Concentration Pathway 4952:Tipping points in the climate system 4628:Carbon dioxide in Earth's atmosphere 4425:. Environmental Working Group. 2011. 4162:from the original on August 10, 2014 3917:from the original on August 11, 2014 3891:from the original on August 12, 2014 3730: 3661:Goldemberg, J.; et al. (1996). 3515: 3500: 3418:from the original on August 31, 2021 3348:Elkerbout, Milan (October 7, 2021). 3218: 3198:. Geneva: World Trade Organization. 2840: 2819:from the original on August 16, 2014 2685: 2683: 2561:carbonpricingdashboard.worldbank.org 5782:Nationally determined contributions 5492:Individual action on climate change 4697:World energy supply and consumption 4429: 4418: 4370: 3947:from the original on April 24, 2016 3936:Davenport, Coral (April 23, 2016). 3885:"Overcoming the Copenhagen Failure" 3692: 3614: 3602: 3586: 3574: 3473:from the original on April 13, 2021 3047:from the original on August 8, 2014 3032: 2987: 2905:"Cap and Trade: Frequent Questions" 2902: 2567:from the original on March 11, 2021 1294:500 km small aircraft per seat 1268:500 km car travel, 1 passenger 1018:in contrast to high-emission coal. 938: 798:social cost caused by a tonne of CO 368:Economic analysis of climate change 315:World energy supply and consumption 24: 5921:Fixed anvil temperature hypothesis 4538: 4064:from the original on July 21, 2021 4034:from the original on July 21, 2021 4004:from the original on July 16, 2021 3812:from the original on June 24, 2019 3712:from the original on March 4, 2016 3634:. In B. Metz; et al. (eds.). 3485: 2709: 2389:Carbon pricing and economic growth 2200:Renewable energy commercialization 1005:Market price surge in fossil fuels 925:Regional Greenhouse Gas Initiative 904:Cap-and-trade systems can include 393:Environmental full-cost accounting 25: 6129: 5848:Satellite temperature measurement 5453:forestry for carbon sequestration 4734:History of climate change science 4449: 4129:from the original on May 15, 2019 3764:Driscoll, Daniel (January 2020). 3705:. World Bank. 2010. p. 251. 3261:from the original on May 12, 2021 2727:from the original on May 15, 2019 2680: 2549: 2488:asked governments to tax carbon. 2308: 1279:500 km jet aircraft per seat 912:Carbon tax versus emissions trade 891: 796:The exact monetary damage of the 81:) is a method for governments to 65:or carbon tax under consideration 6074: 6062: 6051: 6050: 6038: 5699:Climate Change Performance Index 5078:Destruction of cultural heritage 4495: 4481: 4200:Szabo, Michael (June 14, 2010). 3630:Barker, T.; et al. (2007). 3383: 1640: 1191:Other taxes and price components 701: 689: 677: 5838:Instrumental temperature record 5789:Sustainable Development Goal 13 4221: 4193: 4109: 4046: 4016: 3986: 3929: 3798: 3757: 3654: 3608: 3580: 3541: 3530: 3459:Ackva, Johannes; Hoppe, Janna. 3452: 3430: 3404: 3377: 3341: 3329: 3314: 3273: 3212: 3187: 3159:World Bank (November 6, 2009). 3152: 3119: 3089: 3040:. International Monetary Fund. 2993: 2981: 2923: 2739: 2530: 2497:caps prevent non-price policies 980: 601:Corporate social responsibility 93:combustion, the main driver of 5906:Climate variability and change 5256: 4937:Retreat of glaciers since 1850 4293:Environmental Research Letters 3286:Environmental Research Letters 2654: 2642: 2617: 2579: 2338:Carbon Leakage Exposure Factor 1148:non EU-ETS: transport, heating 759:command and control regulation 13: 1: 6016:Shared Socioeconomic Pathways 5551:Climate emergency declaration 4083:Mutsuyoshi Nishimura (2014). 3966:Nine Nobel Laureates (1997). 3386:"Carbon Taxes in Europe 2020" 3101:Union of Concerned Scientists 2543: 2422:American Economic Association 1977:Socially responsible business 1753:Bright green environmentalism 1093:electricity, district heating 885:Including economic feedbacks 761:less likely to be efficient. 631:Socially responsible business 5999:IPCC Sixth Assessment Report 5225:Middle East and North Africa 4551: 4432:"Klimawandel auf dem Teller" 3860:. World Bank. Archived from 3831:William D. Nordhaus (2013). 2812:. Eastern Economic Journal. 2516:get paid to eliminate them. 2406:Advantages and disadvantages 2228:Environmental pricing reform 1616: 848:German Environmental Agency 7: 5073:Depopulation of settlements 4718: 4467:UN Climate Change Framework 4463:— Defines Kyoto commitments 3137:, Environment Directorate, 3126:Smith, S. (June 11, 2008). 2513:Clean Development Mechanism 2493:economics of carbon pricing 2449:International Monetary Fund 1982:Social return on investment 1274:7 L petrol per 100 km 1213:for a carbon price of $ 100 1000:Carbon prices (USD) in 2021 636:Sustainability organization 398:Environmental impact design 200: 10: 6134: 5833:Global surface temperature 5724:Popular culture depictions 5636:Ecosystem-based adaptation 5366:Carbon capture and storage 5288:Carbon offsets and credits 4599: 4259:Global Warming of 1.5 °C — 4236: 3461:"The carbon tax in Sweden" 2949:10.1038/s41467-024-48512-w 2877:Robert N. Stavins (2007). 2805:N. Gregory Mankiw (2009). 2721:London School of Economics 2409: 2366:renewable energy subsidies 2297: 1967:Pollution haven hypothesis 1962:Natural resource economics 1947:High-performance buildings 815:Carbon price per ton of CO 775:Assuming all else is equal 418:High-performance buildings 338:Carbon offsets and credits 255:Carbon capture and storage 6045:Climate change portal 6032: 5971: 5938:Extreme event attribution 5856: 5825: 5821: 5810: 5754: 5689: 5611: 5561:School Strike for Climate 5533: 5529: 5515: 5484: 5440:Climate-smart agriculture 5401: 5358: 5268: 5264: 5251: 5175: 5028: 4975: 4818: 4814: 4801: 4724: 4713: 4642: 4611: 4607: 4594: 4577:Climate change adaptation 4572:Climate change mitigation 4567:Effects of climate change 4557: 4546: 4473:Pricing Carbon Initiative 4430:Noleppa, Steffen (2012). 4344:10.1596/978-1-4648-1728-1 4186:October 25, 2012, at the 3835:. Yale University Press. 3237:10.1007/s10273-019-2395-y 3227:(in German and English). 3171:10.1596/978-0-8213-7987-5 2772:10.1038/s41558-019-0474-0 2472:Carbonfund.org Foundation 2372:explains this as follows: 2347:by high-income countries 1730:Climate change mitigation 1407:1 KWh from light fuel oil 1211:The table gives examples 850: 847: 828: 825: 616:Effects of climate change 558:Climate-smart agriculture 508:Sustainability accounting 488:Climate change litigation 232:Co-benefits of mitigation 218:Climate change mitigation 5948:Global warming potential 5755:International agreements 5402:Preserving and enhancing 4836:Arctic methane emissions 4758:Years in climate change 4665:Greenhouse gas emissions 4562:Causes of climate change 4314:10.1088/1748-9326/ac1d0b 4054:"Carbon Offset Retailer" 3883:Joseph Stiglitz (2010). 3856:Martin Weitzman (2013). 3783:10.1177/2378023119898326 3307:10.1088/1748-9326/aabb0e 2523: 2170:Environmental technology 1813:Ecological modernization 1768:Corporate sustainability 917:Carbon emissions trading 606:Corporate sustainability 513:Sustainability reporting 465:Verified Carbon Standard 383:Environmental accounting 237:Greenhouse gas emissions 103:emissions trading scheme 87:greenhouse gas emissions 55:implemented or scheduled 45:implemented or scheduled 5979:Climate change scenario 5631:Disaster risk reduction 5283:Carbon emission trading 5093:U.S. insurance industry 5063:Civilizational collapse 4910:sea surface temperature 3219:Held, Benjamin (2019). 2412:Carbon emission trading 2336:Under the EU ETS rules 2243:Green industrial policy 1957:Marginal abatement cost 1880:Fiscal environmentalism 1697:Personal carbon trading 1667:Carbon fee and dividend 1662:Carbon emission trading 1634:Environmental economics 1207:Impact on retail prices 477:Frameworks and treaties 182:. One exception is the 166:. Latest models of the 83:mitigate climate change 63:Carbon emission trading 43:Carbon emission trading 5972:Research and modelling 5656:Nature-based solutions 5476:Nature-based solutions 5418:Carbon dioxide removal 5335:Fossil fuel divestment 5320:Climate risk insurance 5230:Small island countries 4841:Arctic sea ice decline 4148:Benito Müller (2009). 3638:. IPCC. Archived from 2884:. The Hamilton Project 2605:. Latham & Watkins 2461: 2386: 2180:Fossil fuel divestment 1433:life cycle assessment 1399:1 KWh from natural gas 1334:/km, >3700 km 1319:/km, >3700 km 1001: 901: 749:economically efficient 568:Nature-based solutions 543:Carbon dioxide removal 433:Public interest design 403:Fossil fuel divestment 358:Climate risk insurance 285:Low-carbon electricity 270:Fossil fuel divestment 67: 5933:Earth's energy budget 5816:Background and theory 5704:Climate crisis (term) 5376:Fossil fuel phase-out 5270:Economics and finance 5235:by individual country 5177:By country and region 5152:Security and conflict 5147:Psychological impacts 4826:Abrupt climate change 4749:Charles David Keeling 4582:By country and region 4489:Global Warming portal 3887:. Project Syndicate. 2937:Nature Communications 2752:Nature Climate Change 2691:"Carbon Price Viewer" 2456: 2397:below the costs of CO 2374: 2238:Free public transport 2185:Fossil fuel phase-out 1707:Social cost of carbon 1542:salmon / canned tuna 999: 899: 503:Social responsibility 275:Fossil fuel phase-out 168:social cost of carbon 35: 5762:Glasgow Climate Pact 5423:Carbon sequestration 4988:Mass mortality event 4444:on November 1, 2020. 4420:"Meat Eater's Guide" 4403:Quaschning, Volker. 4332:Bank, World (2021). 3808:. January 12, 2015. 3738:. UN. Archived from 3097:"Carbon Pricing 101" 2911:on November 13, 2014 2848:. UN. Archived from 2499:, such as renewable 2486:UN Secretary General 2233:Environmental tariff 1858:full-cost accounting 1823:Efficient energy use 1808:Ecological footprint 1803:Ecological economics 548:Carbon sequestration 388:Environmental design 280:Fossil fuel vehicles 118:negative externality 5901:Climate sensitivity 5676:The Adaptation Fund 5132:Infectious diseases 5029:Social and economic 4305:2021ERL....16i4037K 4278:. pp. 313–443. 3864:on October 20, 2014 3776:: 237802311989832. 3448:on August 17, 2021. 3298:2018ERL....13d4036W 2764:2019NatCC...9..484H 2420:, president of the 2165:Carbon-neutral fuel 1828:Energy conservation 1375:1 kWh natural gas ( 1046: 626:Ethical consumerism 621:Energy conservation 333:Building insulation 27:CO2 Emission Market 5472:(LULUCF and AFOLU) 5444:Forest management 5428:Direct air capture 5393:Sustainable energy 5350:Net zero emissions 5345:Low-carbon economy 5340:Green Climate Fund 5127:Indigenous peoples 5020:Plant biodiversity 4808:Effects and issues 4338:. The World Bank. 3941:The New York Times 3833:The Climate Casino 3388:. Tax Foundation. 3165:. The World Bank. 2661:IPCC SR15 Ch4 2018 2630:. World Bank Group 2426:The Climate Casino 2205:Sustainable energy 2190:Low-carbon economy 2029:consumer behaviour 1601:1 kg potatoes 1436:source / remarks 1415:1 L light fuel oil 1059:coverage / remarks 1042: 1022:Scope and coverage 1002: 902: 789:in February 2023. 646:Consumer behaviour 596:Conscious business 553:Direct air capture 428:Low-carbon economy 305:Sustainable energy 190:in February 2023. 68: 6118:Environmental tax 6090: 6089: 6028: 6027: 6024: 6023: 5963:Radiative forcing 5806: 5805: 5802: 5801: 5626:Adaptive capacity 5511: 5510: 5507: 5506: 5371:Energy transition 5247: 5246: 5243: 5242: 4957:Tropical cyclones 4883:Urban heat island 4797: 4796: 4709: 4708: 4705: 4704: 4670:Carbon accounting 4624:Greenhouse effect 4590: 4589: 4353:978-1-4648-1728-1 4250:eradicate poverty 3685:978-0-521-56854-8 3225:Wirtschaftsdienst 3205:978-92-870-3522-6 3180:978-0-8213-7987-5 3077:on August 2, 2010 2296: 2295: 2160:Carbon neutrality 2149:2000-watt society 2143:Energy transition 2054:development goals 1972:Social accounting 1692:Environmental tax 1687:Emissions trading 1614: 1613: 1520:1 kg chicken 1422: 1421: 1386: 1385: 1367:1 kWh natural gas 1338: 1337: 1252: 1251: 1221:methane emissions 1188: 1187: 1112:pricing in Canada 1037:fluorinated gases 1016:CCGT gas turbines 960:carbon neutrality 889: 888: 745: 744: 378:Emissions trading 265:Energy transition 154:According to the 16:(Redirected from 6125: 6078: 6077: 6066: 6065: 6054: 6053: 6043: 6042: 6041: 6006:Paleoclimatology 5823: 5822: 5812: 5811: 5573:Ecological grief 5556:Climate movement 5531: 5530: 5517: 5516: 5497:Plant-based diet 5388:Renewable energy 5266: 5265: 5253: 5252: 5088:Economic impacts 5010:Invasive species 4866:Coastal flooding 4816: 4815: 4803: 4802: 4739:Svante Arrhenius 4715: 4714: 4685:from agriculture 4675:Carbon footprint 4660:Greenhouse gases 4609: 4608: 4596: 4595: 4548: 4547: 4533: 4526: 4519: 4510: 4509: 4505: 4503:Economics portal 4500: 4499: 4491: 4486: 4485: 4445: 4443: 4436: 4426: 4424: 4415: 4413: 4411: 4399: 4397: 4386: 4384: 4382: 4376: 4365: 4326: 4316: 4279: 4271: 4257: 4255: 4231: 4225: 4219: 4218: 4216: 4214: 4197: 4191: 4181:Types of Trading 4178: 4172: 4171: 4169: 4167: 4161: 4154: 4145: 4139: 4138: 4136: 4134: 4125:. May 15, 2019. 4113: 4107: 4106: 4104: 4102:10.1002/wene.131 4080: 4074: 4073: 4071: 4069: 4050: 4044: 4043: 4041: 4039: 4020: 4014: 4013: 4011: 4009: 3990: 3984: 3983: 3981: 3979: 3974:on March 4, 2016 3963: 3957: 3956: 3954: 3952: 3933: 3927: 3926: 3924: 3922: 3907: 3901: 3900: 3898: 3896: 3880: 3874: 3873: 3871: 3869: 3853: 3847: 3846: 3828: 3822: 3821: 3819: 3817: 3802: 3796: 3795: 3785: 3761: 3755: 3754: 3752: 3750: 3744: 3737: 3728: 3722: 3721: 3719: 3717: 3711: 3704: 3696: 3690: 3689: 3674:. IPCC. p.  3667: 3658: 3652: 3651: 3649: 3647: 3627: 3618: 3612: 3606: 3600: 3589: 3584: 3578: 3572: 3551: 3545: 3539: 3534: 3528: 3522: 3513: 3507: 3498: 3492: 3483: 3482: 3480: 3478: 3472: 3465: 3456: 3450: 3449: 3434: 3428: 3427: 3425: 3423: 3408: 3402: 3401: 3399: 3397: 3381: 3375: 3374:, pp. 29–30 3369: 3358: 3357: 3345: 3339: 3333: 3327: 3326: 3318: 3312: 3311: 3309: 3277: 3271: 3270: 3268: 3266: 3248: 3216: 3210: 3209: 3191: 3185: 3184: 3156: 3150: 3149: 3147: 3145: 3132: 3123: 3117: 3116: 3114: 3112: 3093: 3087: 3086: 3084: 3082: 3066: 3057: 3056: 3054: 3052: 3046: 3039: 3030: 3024: 3023: 3021: 3019: 3013: 3006: 2997: 2991: 2985: 2979: 2978: 2968: 2927: 2921: 2920: 2918: 2916: 2907:. 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6092: 6091: 6086: 6039: 6037: 6020: 5967: 5958:Orbital forcing 5852: 5817: 5798: 5772:Paris Agreement 5750: 5746:Warming stripes 5685: 5651:Managed retreat 5646:Loss and damage 5607: 5541:Business action 5525: 5503: 5480: 5403: 5397: 5354: 5315:Climate finance 5260: 5239: 5171: 5024: 5000:Extinction risk 4976:Flora and fauna 4971: 4932:Permafrost thaw 4927:Ozone depletion 4856:Extreme weather 4810: 4793: 4720: 4701: 4638: 4603: 4586: 4553: 4542: 4537: 4501: 4494: 4487: 4480: 4452: 4441: 4434: 4422: 4409: 4407: 4395: 4380: 4378: 4374: 4354: 4269: 4253: 4239: 4234: 4226: 4222: 4212: 4210: 4198: 4194: 4188:Wayback Machine 4179: 4175: 4165: 4163: 4159: 4152: 4146: 4142: 4132: 4130: 4115: 4114: 4110: 4081: 4077: 4067: 4065: 4052: 4051: 4047: 4037: 4035: 4022: 4021: 4017: 4007: 4005: 3992: 3991: 3987: 3977: 3975: 3964: 3960: 3950: 3948: 3934: 3930: 3920: 3918: 3909: 3908: 3904: 3894: 3892: 3881: 3877: 3867: 3865: 3854: 3850: 3843: 3829: 3825: 3815: 3813: 3804: 3803: 3799: 3762: 3758: 3748: 3746: 3745:on July 2, 2014 3742: 3735: 3729: 3725: 3715: 3713: 3709: 3702: 3698: 3697: 3693: 3686: 3665: 3659: 3655: 3645: 3643: 3642:on June 8, 2011 3628: 3621: 3613: 3609: 3601: 3592: 3585: 3581: 3577:, p. 19,23 3573: 3554: 3546: 3542: 3537:Quaschning 2021 3535: 3531: 3523: 3516: 3508: 3501: 3493: 3486: 3476: 3474: 3470: 3463: 3457: 3453: 3436: 3435: 3431: 3421: 3419: 3410: 3409: 3405: 3395: 3393: 3382: 3378: 3372:World Bank 2021 3370: 3361: 3346: 3342: 3336:World Bank 2021 3334: 3330: 3319: 3315: 3278: 3274: 3264: 3262: 3217: 3213: 3206: 3192: 3188: 3181: 3157: 3153: 3143: 3141: 3130: 3124: 3120: 3110: 3108: 3095: 3094: 3090: 3080: 3078: 3067: 3060: 3050: 3048: 3044: 3037: 3031: 3027: 3017: 3015: 3011: 3004: 2998: 2994: 2986: 2982: 2928: 2924: 2914: 2912: 2901: 2897: 2887: 2885: 2881: 2875: 2868: 2858: 2856: 2852: 2845: 2839: 2832: 2822: 2820: 2816: 2809: 2803: 2799: 2789: 2787: 2744: 2740: 2730: 2728: 2715: 2714: 2710: 2700: 2698: 2689: 2688: 2681: 2674: 2667: 2659: 2655: 2649:World Bank 2021 2647: 2643: 2633: 2631: 2627: 2623: 2622: 2618: 2608: 2606: 2599: 2592: 2586:World Bank 2021 2584: 2580: 2570: 2568: 2555: 2554: 2550: 2546: 2541: 2540: 2535: 2531: 2526: 2441:Joseph Stiglitz 2434:Martin Weitzman 2414: 2408: 2400: 2391: 2362: 2354: 2323: 2311: 2302: 2292: 2263: 2262: 2218: 2210: 2209: 2144: 2136: 2135: 2121:Thermoeconomics 1875:Ethical banking 1763:Climate finance 1748: 1740: 1739: 1720: 1712: 1711: 1652: 1619: 1359:1 kWh hard coal 1333: 1330:0.585 kgCO 1318: 1315:0.153 kgCO 1303: 1300:0.659 kgCO 1288: 1285:0.134 kgCO 1218: 1209: 1193: 1030: 1024: 1007: 992: 988: 983: 975: 941: 914: 906:price stability 894: 876:Kikstra et al. 870:time preference 859:time preference 818: 801: 788: 783:Great Recession 741: 678: 676: 675: 668: 667: 586: 585:Related content 578: 577: 533: 523: 522: 498:Paris Agreement 493:Ethical banking 483:Business ethics 478: 470: 469: 353:Climate finance 328: 320: 319: 250: 203: 189: 181: 173: 164:the 1.5°C limit 161: 110: 78: 66: 58: 56: 48: 46: 38: 28: 23: 22: 15: 12: 11: 5: 6131: 6121: 6120: 6115: 6110: 6105: 6103:Carbon finance 6088: 6087: 6085: 6084: 6072: 6060: 6048: 6033: 6030: 6029: 6026: 6025: 6022: 6021: 6019: 6018: 6013: 6008: 6003: 6002: 6001: 5991: 5986: 5981: 5975: 5973: 5969: 5968: 5966: 5965: 5960: 5955: 5950: 5945: 5940: 5935: 5930: 5925: 5924: 5923: 5913: 5911:Cloud feedback 5908: 5903: 5898: 5893: 5892: 5891: 5886: 5881: 5876: 5866: 5860: 5858: 5854: 5853: 5851: 5850: 5845: 5840: 5835: 5829: 5827: 5819: 5818: 5808: 5807: 5804: 5803: 5800: 5799: 5797: 5796: 5791: 5786: 5785: 5784: 5779: 5769: 5767:Kyoto Protocol 5764: 5758: 5756: 5752: 5751: 5749: 5748: 5743: 5742: 5741: 5736: 5731: 5721: 5719:Media coverage 5716: 5711: 5709:Climate spiral 5706: 5701: 5695: 5693: 5687: 5686: 5684: 5683: 5678: 5673: 5668: 5663: 5658: 5653: 5648: 5643: 5638: 5633: 5628: 5623: 5617: 5615: 5609: 5608: 5606: 5605: 5600: 5598:Public opinion 5595: 5590: 5585: 5580: 5575: 5570: 5565: 5564: 5563: 5553: 5548: 5546:Climate action 5543: 5537: 5535: 5527: 5526: 5513: 5512: 5509: 5508: 5505: 5504: 5502: 5501: 5500: 5499: 5488: 5486: 5482: 5481: 5479: 5478: 5473: 5467: 5466: 5465: 5460: 5458:REDD and REDD+ 5455: 5450: 5442: 5437: 5435:Carbon farming 5432: 5431: 5430: 5425: 5415: 5409: 5407: 5399: 5398: 5396: 5395: 5390: 5385: 5380: 5379: 5378: 5368: 5362: 5360: 5356: 5355: 5353: 5352: 5347: 5342: 5337: 5332: 5327: 5322: 5317: 5312: 5307: 5302: 5297: 5296: 5295: 5285: 5280: 5274: 5272: 5262: 5261: 5249: 5248: 5245: 5244: 5241: 5240: 5238: 5237: 5232: 5227: 5222: 5217: 5212: 5207: 5202: 5197: 5192: 5187: 5181: 5179: 5173: 5172: 5170: 5169: 5167:Water security 5164: 5162:Water scarcity 5159: 5157:Urban flooding 5154: 5149: 5144: 5139: 5134: 5129: 5124: 5119: 5118: 5117: 5107: 5102: 5097: 5096: 5095: 5085: 5080: 5075: 5070: 5065: 5060: 5055: 5050: 5049: 5048: 5043: 5032: 5030: 5026: 5025: 5023: 5022: 5017: 5012: 5007: 5005:Forest dieback 5002: 4997: 4992: 4991: 4990: 4979: 4977: 4973: 4972: 4970: 4969: 4964: 4959: 4954: 4949: 4944: 4942:Sea level rise 4939: 4934: 4929: 4924: 4923: 4922: 4917: 4915:stratification 4912: 4907: 4902: 4897: 4887: 4886: 4885: 4880: 4870: 4869: 4868: 4858: 4853: 4848: 4843: 4838: 4833: 4828: 4822: 4820: 4812: 4811: 4799: 4798: 4795: 4794: 4792: 4791: 4790: 4789: 4784: 4779: 4774: 4769: 4764: 4756: 4751: 4746: 4741: 4736: 4731: 4725: 4722: 4721: 4711: 4710: 4707: 4706: 4703: 4702: 4700: 4699: 4694: 4693: 4692: 4687: 4682: 4680:Carbon leakage 4677: 4672: 4662: 4657: 4652: 4646: 4644: 4640: 4639: 4637: 4636: 4631: 4621: 4619:Climate system 4615: 4613: 4605: 4604: 4592: 4591: 4588: 4587: 4585: 4584: 4579: 4574: 4569: 4564: 4558: 4555: 4554: 4544: 4543: 4540:Climate change 4536: 4535: 4528: 4521: 4513: 4507: 4506: 4492: 4477: 4476: 4470: 4464: 4458: 4451: 4450:External links 4448: 4447: 4446: 4427: 4416: 4400: 4388: 4387: 4367: 4366: 4352: 4328: 4327: 4283: 4282: 4281: 4280: 4275:IPCC SR15 2018 4238: 4235: 4233: 4232: 4220: 4192: 4173: 4140: 4108: 4075: 4058:Carbonfund.org 4045: 4028:Carbonfund.org 4015: 3998:Carbonfund.org 3985: 3958: 3928: 3902: 3875: 3848: 3842:978-0300189773 3841: 3823: 3797: 3756: 3723: 3691: 3684: 3653: 3619: 3607: 3590: 3579: 3552: 3540: 3529: 3514: 3499: 3484: 3451: 3429: 3412:"ICAP ETS-Map" 3403: 3376: 3359: 3340: 3328: 3313: 3272: 3211: 3204: 3186: 3179: 3151: 3118: 3088: 3058: 3025: 2992: 2980: 2922: 2895: 2866: 2830: 2797: 2758:(6): 484–489. 2738: 2708: 2679: 2665: 2653: 2641: 2616: 2590: 2578: 2547: 2545: 2542: 2539: 2538: 2528: 2527: 2525: 2522: 2468:Carbon offsets 2416:In late 2013, 2407: 2404: 2398: 2390: 2387: 2361: 2358: 2352: 2321: 2314:Carbon leakage 2310: 2309:Carbon leakage 2307: 2294: 2293: 2291: 2290: 2283: 2276: 2268: 2265: 2264: 2261: 2260: 2258:Rail subsidies 2255: 2253:Green politics 2250: 2248:Green New Deal 2245: 2240: 2235: 2230: 2225: 2223:Carbon leakage 2219: 2216: 2215: 2212: 2211: 2208: 2207: 2202: 2197: 2192: 2187: 2182: 2177: 2175:Feed-in tariff 2172: 2167: 2162: 2157: 2151: 2145: 2142: 2141: 2138: 2137: 2134: 2133: 2131:Value of Earth 2128: 2123: 2118: 2117: 2116: 2111: 2106: 2101: 2096: 2091: 2086: 2081: 2076: 2071: 2066: 2061: 2056: 2051: 2046: 2041: 2036: 2031: 2026: 2021: 2016: 2006: 2005: 2004: 1999: 1994: 1987:Sustainability 1984: 1979: 1974: 1969: 1964: 1959: 1954: 1949: 1944: 1943: 1942: 1937: 1932: 1927: 1922: 1917: 1912: 1907: 1902: 1897: 1892: 1882: 1877: 1872: 1871: 1870: 1865: 1860: 1855: 1850: 1845: 1840: 1830: 1825: 1820: 1815: 1810: 1805: 1800: 1795: 1793:Eco-innovation 1790: 1785: 1783:Eco-capitalism 1780: 1775: 1770: 1765: 1760: 1755: 1749: 1746: 1745: 1742: 1741: 1738: 1737: 1732: 1727: 1721: 1719:Climate change 1718: 1717: 1714: 1713: 1710: 1709: 1704: 1699: 1694: 1689: 1684: 1679: 1674: 1672:Carbon finance 1669: 1664: 1659: 1653: 1650: 1649: 1646: 1645: 1637: 1636: 1630: 1629: 1618: 1615: 1612: 1611: 1610:Eastern Idaho 1608: 1605: 1602: 1598: 1597: 1595: 1592: 1589: 1588:1 kg tofu 1585: 1584: 1581: 1578: 1575: 1571: 1570: 1568: 1565: 1562: 1561:1 kg nuts 1558: 1557: 1556:100 g per egg 1554: 1551: 1548: 1547:1 kg eggs 1544: 1543: 1540: 1537: 1534: 1533:1 kg fish 1530: 1529: 1527: 1524: 1521: 1517: 1516: 1513: 1510: 1507: 1506:1 kg rice 1503: 1502: 1500: 1497: 1494: 1493:1 kg pork 1490: 1489: 1487: 1484: 1481: 1477: 1476: 1474: 1472: 1469: 1465: 1464: 1461: 1458: 1455: 1454:1 kg beef 1451: 1450: 1448: 1445: 1442: 1441:1 kg lamb 1438: 1437: 1434: 1431: 1428: 1420: 1419: 1416: 1412: 1411: 1408: 1404: 1403: 1400: 1396: 1395: 1392: 1384: 1383: 1380: 1372: 1371: 1368: 1364: 1363: 1360: 1356: 1355: 1352: 1348: 1347: 1344: 1336: 1335: 1331: 1328: 1325: 1321: 1320: 1316: 1313: 1310: 1306: 1305: 1301: 1298: 1295: 1291: 1290: 1286: 1283: 1280: 1276: 1275: 1272: 1269: 1265: 1264: 1261: 1258: 1250: 1249: 1246: 1242: 1241: 1238: 1234: 1233: 1230: 1216: 1208: 1205: 1192: 1189: 1186: 1185: 1182: 1179: 1176: 1173: 1169: 1168: 1165: 1163: 1160: 1157: 1153: 1152: 1149: 1146: 1143: 1140: 1136: 1135: 1132: 1129: 1126: 1123: 1119: 1118: 1115: 1108: 1105: 1102: 1098: 1097: 1096:launched 2021 1094: 1091: 1088: 1085: 1081: 1080: 1077: 1074: 1071: 1068: 1064: 1063: 1060: 1057: 1054: 1051: 1028: 1023: 1020: 1006: 1003: 990: 986: 982: 979: 978: 977: 973: 962: 956: 953: 940: 937: 913: 910: 893: 892:Implementation 890: 887: 886: 883: 880: 877: 873: 872: 866: 865:$ 757 (640 €) 862: 861: 855: 854:$ 213 (180 €) 852: 849: 845: 844: 841: 837: 836: 833: 830: 827: 823: 822: 819: 816: 813: 810: 799: 786: 754:market failure 743: 742: 740: 739: 732: 725: 717: 714: 713: 712: 711: 699: 687: 670: 669: 666: 665: 664: 663: 658: 653: 648: 638: 633: 628: 623: 618: 613: 608: 603: 598: 593: 591:Climate action 587: 584: 583: 580: 579: 576: 575: 570: 565: 560: 555: 550: 545: 540: 534: 529: 528: 525: 524: 521: 520: 515: 510: 505: 500: 495: 490: 485: 479: 476: 475: 472: 471: 468: 467: 462: 461: 460: 455: 450: 445: 438:Sustainability 435: 430: 425: 420: 415: 410: 408:Green building 405: 400: 395: 390: 385: 380: 375: 370: 365: 363:Eco-capitalism 360: 355: 350: 345: 340: 335: 329: 326: 325: 322: 321: 318: 317: 312: 307: 302: 297: 292: 287: 282: 277: 272: 267: 262: 260:Coal phase-out 257: 251: 246: 245: 242: 241: 240: 239: 234: 229: 227:Climate change 221: 220: 214: 213: 202: 199: 187: 179: 171: 159: 108: 95:climate change 76: 71:Carbon pricing 57: 47: 37: 26: 18:Carbon pricing 9: 6: 4: 3: 2: 6130: 6119: 6116: 6114: 6111: 6109: 6106: 6104: 6101: 6100: 6098: 6083: 6082: 6073: 6071: 6070: 6061: 6059: 6058: 6049: 6047: 6046: 6035: 6034: 6031: 6017: 6014: 6012: 6009: 6007: 6004: 6000: 5997: 5996: 5995: 5992: 5990: 5987: 5985: 5984:Climate model 5982: 5980: 5977: 5976: 5974: 5970: 5964: 5961: 5959: 5956: 5954: 5951: 5949: 5946: 5944: 5941: 5939: 5936: 5934: 5931: 5929: 5926: 5922: 5919: 5918: 5917: 5916:Cloud forcing 5914: 5912: 5909: 5907: 5904: 5902: 5899: 5897: 5894: 5890: 5887: 5885: 5882: 5880: 5877: 5875: 5872: 5871: 5870: 5867: 5865: 5862: 5861: 5859: 5855: 5849: 5846: 5844: 5841: 5839: 5836: 5834: 5831: 5830: 5828: 5824: 5820: 5813: 5809: 5795: 5792: 5790: 5787: 5783: 5780: 5778: 5775: 5774: 5773: 5770: 5768: 5765: 5763: 5760: 5759: 5757: 5753: 5747: 5744: 5740: 5737: 5735: 5732: 5730: 5727: 5726: 5725: 5722: 5720: 5717: 5715: 5712: 5710: 5707: 5705: 5702: 5700: 5697: 5696: 5694: 5692: 5691:Communication 5688: 5682: 5679: 5677: 5674: 5672: 5671:Vulnerability 5669: 5667: 5664: 5662: 5659: 5657: 5654: 5652: 5649: 5647: 5644: 5642: 5641:Flood control 5639: 5637: 5634: 5632: 5629: 5627: 5624: 5622: 5619: 5618: 5616: 5614: 5610: 5604: 5601: 5599: 5596: 5594: 5591: 5589: 5586: 5584: 5581: 5579: 5576: 5574: 5571: 5569: 5566: 5562: 5559: 5558: 5557: 5554: 5552: 5549: 5547: 5544: 5542: 5539: 5538: 5536: 5532: 5528: 5524: 5518: 5514: 5498: 5495: 5494: 5493: 5490: 5489: 5487: 5483: 5477: 5474: 5471: 5468: 5464: 5463:reforestation 5461: 5459: 5456: 5454: 5451: 5449: 5448:afforestation 5446: 5445: 5443: 5441: 5438: 5436: 5433: 5429: 5426: 5424: 5421: 5420: 5419: 5416: 5414: 5411: 5410: 5408: 5406: 5400: 5394: 5391: 5389: 5386: 5384: 5383:Nuclear power 5381: 5377: 5374: 5373: 5372: 5369: 5367: 5364: 5363: 5361: 5357: 5351: 5348: 5346: 5343: 5341: 5338: 5336: 5333: 5331: 5328: 5326: 5323: 5321: 5318: 5316: 5313: 5311: 5308: 5306: 5303: 5301: 5298: 5294: 5291: 5290: 5289: 5286: 5284: 5281: 5279: 5278:Carbon budget 5276: 5275: 5273: 5271: 5267: 5263: 5259: 5254: 5250: 5236: 5233: 5231: 5228: 5226: 5223: 5221: 5218: 5216: 5213: 5211: 5208: 5206: 5203: 5201: 5198: 5196: 5193: 5191: 5188: 5186: 5183: 5182: 5180: 5178: 5174: 5168: 5165: 5163: 5160: 5158: 5155: 5153: 5150: 5148: 5145: 5143: 5140: 5138: 5135: 5133: 5130: 5128: 5125: 5123: 5120: 5116: 5115:Mental health 5113: 5112: 5111: 5108: 5106: 5103: 5101: 5098: 5094: 5091: 5090: 5089: 5086: 5084: 5081: 5079: 5076: 5074: 5071: 5069: 5066: 5064: 5061: 5059: 5056: 5054: 5051: 5047: 5046:United States 5044: 5042: 5039: 5038: 5037: 5034: 5033: 5031: 5027: 5021: 5018: 5016: 5013: 5011: 5008: 5006: 5003: 5001: 4998: 4996: 4993: 4989: 4986: 4985: 4984: 4981: 4980: 4978: 4974: 4968: 4965: 4963: 4960: 4958: 4955: 4953: 4950: 4948: 4945: 4943: 4940: 4938: 4935: 4933: 4930: 4928: 4925: 4921: 4918: 4916: 4913: 4911: 4908: 4906: 4903: 4901: 4900:deoxygenation 4898: 4896: 4895:acidification 4893: 4892: 4891: 4888: 4884: 4881: 4879: 4876: 4875: 4874: 4871: 4867: 4864: 4863: 4862: 4859: 4857: 4854: 4852: 4849: 4847: 4844: 4842: 4839: 4837: 4834: 4832: 4829: 4827: 4824: 4823: 4821: 4817: 4813: 4809: 4804: 4800: 4788: 4785: 4783: 4780: 4778: 4775: 4773: 4770: 4768: 4765: 4763: 4760: 4759: 4757: 4755: 4752: 4750: 4747: 4745: 4742: 4740: 4737: 4735: 4732: 4730: 4727: 4726: 4723: 4716: 4712: 4698: 4695: 4691: 4690:from wetlands 4688: 4686: 4683: 4681: 4678: 4676: 4673: 4671: 4668: 4667: 4666: 4663: 4661: 4658: 4656: 4653: 4651: 4650:Deforestation 4648: 4647: 4645: 4641: 4635: 4632: 4629: 4625: 4622: 4620: 4617: 4616: 4614: 4610: 4606: 4602: 4597: 4593: 4583: 4580: 4578: 4575: 4573: 4570: 4568: 4565: 4563: 4560: 4559: 4556: 4549: 4545: 4541: 4534: 4529: 4527: 4522: 4520: 4515: 4514: 4511: 4504: 4498: 4493: 4490: 4484: 4479: 4474: 4471: 4468: 4465: 4462: 4459: 4457: 4454: 4453: 4440: 4433: 4428: 4421: 4417: 4410:September 23, 4406: 4401: 4394: 4390: 4389: 4381:September 12, 4373: 4369: 4368: 4363: 4359: 4355: 4349: 4345: 4341: 4337: 4336: 4330: 4329: 4324: 4320: 4315: 4310: 4306: 4302: 4299:(9): 094037. 4298: 4294: 4290: 4285: 4284: 4277: 4276: 4268: 4263: 4262: 4260: 4252: 4251: 4245: 4241: 4240: 4230:. iasplus.com 4229: 4224: 4209: 4208: 4203: 4196: 4189: 4185: 4182: 4177: 4158: 4151: 4144: 4128: 4124: 4123: 4118: 4112: 4103: 4098: 4094: 4090: 4086: 4079: 4063: 4059: 4055: 4049: 4033: 4029: 4025: 4019: 4003: 3999: 3995: 3989: 3973: 3969: 3962: 3946: 3942: 3939: 3932: 3916: 3912: 3906: 3890: 3886: 3879: 3863: 3859: 3852: 3844: 3838: 3834: 3827: 3811: 3807: 3801: 3793: 3789: 3784: 3779: 3775: 3771: 3767: 3760: 3741: 3734: 3731:IPCC (2014). 3727: 3708: 3701: 3695: 3687: 3681: 3677: 3673: 3672: 3664: 3657: 3641: 3637: 3633: 3626: 3624: 3616: 3611: 3604: 3599: 3597: 3595: 3588: 3583: 3576: 3571: 3569: 3567: 3565: 3563: 3561: 3559: 3557: 3549: 3544: 3538: 3533: 3526: 3521: 3519: 3511: 3506: 3504: 3496: 3491: 3489: 3477:September 13, 3469: 3462: 3455: 3447: 3443: 3439: 3433: 3422:September 13, 3417: 3413: 3407: 3396:September 13, 3391: 3387: 3380: 3373: 3368: 3366: 3364: 3355: 3351: 3344: 3337: 3332: 3324: 3317: 3308: 3303: 3299: 3295: 3292:(4): 044036. 3291: 3287: 3283: 3276: 3260: 3256: 3252: 3247: 3242: 3238: 3234: 3230: 3226: 3222: 3215: 3207: 3201: 3197: 3190: 3182: 3176: 3172: 3168: 3164: 3163: 3155: 3140: 3136: 3129: 3122: 3106: 3102: 3098: 3092: 3076: 3072: 3065: 3063: 3043: 3036: 3029: 3018:September 13, 3010: 3003: 2996: 2989: 2984: 2976: 2972: 2967: 2962: 2958: 2954: 2950: 2946: 2942: 2938: 2934: 2926: 2910: 2906: 2899: 2880: 2873: 2871: 2851: 2844: 2841:IPCC (2014). 2837: 2835: 2815: 2808: 2801: 2785: 2781: 2777: 2773: 2769: 2765: 2761: 2757: 2753: 2749: 2742: 2726: 2722: 2718: 2712: 2696: 2692: 2686: 2684: 2677: 2672: 2670: 2663:, p. 374 2662: 2657: 2650: 2645: 2626: 2620: 2604: 2597: 2595: 2587: 2582: 2566: 2562: 2558: 2552: 2548: 2533: 2529: 2521: 2517: 2514: 2508: 2506: 2502: 2498: 2494: 2489: 2487: 2482: 2480: 2475: 2473: 2469: 2465: 2460: 2455: 2452: 2450: 2446: 2442: 2437: 2435: 2431: 2427: 2423: 2419: 2413: 2403: 2394: 2385: 2383: 2379: 2373: 2371: 2367: 2357: 2350: 2346: 2345:protectionism 2341: 2339: 2334: 2332: 2326: 2318: 2315: 2306: 2301: 2289: 2284: 2282: 2277: 2275: 2270: 2269: 2267: 2266: 2259: 2256: 2254: 2251: 2249: 2246: 2244: 2241: 2239: 2236: 2234: 2231: 2229: 2226: 2224: 2221: 2220: 2214: 2213: 2206: 2203: 2201: 2198: 2196: 2193: 2191: 2188: 2186: 2183: 2181: 2178: 2176: 2173: 2171: 2168: 2166: 2163: 2161: 2158: 2155: 2152: 2150: 2147: 2146: 2140: 2139: 2132: 2129: 2127: 2124: 2122: 2119: 2115: 2112: 2110: 2107: 2105: 2102: 2100: 2099:refurbishment 2097: 2095: 2092: 2090: 2087: 2085: 2082: 2080: 2077: 2075: 2072: 2070: 2067: 2065: 2062: 2060: 2057: 2055: 2052: 2050: 2047: 2045: 2042: 2040: 2037: 2035: 2032: 2030: 2027: 2025: 2022: 2020: 2017: 2015: 2012: 2011: 2010: 2007: 2003: 2000: 1998: 1995: 1993: 1990: 1989: 1988: 1985: 1983: 1980: 1978: 1975: 1973: 1970: 1968: 1965: 1963: 1960: 1958: 1955: 1953: 1950: 1948: 1945: 1941: 1938: 1936: 1933: 1931: 1928: 1926: 1923: 1921: 1918: 1916: 1913: 1911: 1908: 1906: 1903: 1901: 1898: 1896: 1893: 1891: 1888: 1887: 1886: 1883: 1881: 1878: 1876: 1873: 1869: 1866: 1864: 1863:impact design 1861: 1859: 1856: 1854: 1851: 1849: 1846: 1844: 1841: 1839: 1836: 1835: 1834: 1833:Environmental 1831: 1829: 1826: 1824: 1821: 1819: 1818:Ecotechnology 1816: 1814: 1811: 1809: 1806: 1804: 1801: 1799: 1798:Eco-investing 1796: 1794: 1791: 1789: 1786: 1784: 1781: 1779: 1778:Disinvestment 1776: 1774: 1771: 1769: 1766: 1764: 1761: 1759: 1756: 1754: 1751: 1750: 1744: 1743: 1736: 1733: 1731: 1728: 1726: 1723: 1722: 1716: 1715: 1708: 1705: 1703: 1700: 1698: 1695: 1693: 1690: 1688: 1685: 1683: 1680: 1678: 1677:Carbon offset 1675: 1673: 1670: 1668: 1665: 1663: 1660: 1658: 1657:Carbon credit 1655: 1654: 1648: 1647: 1643: 1639: 1638: 1635: 1632: 1631: 1627: 1623: 1622: 1609: 1606: 1603: 1600: 1599: 1596: 1593: 1590: 1587: 1586: 1582: 1579: 1576: 1573: 1572: 1569: 1566: 1563: 1560: 1559: 1555: 1552: 1549: 1546: 1545: 1541: 1538: 1535: 1532: 1531: 1528: 1525: 1522: 1519: 1518: 1514: 1511: 1508: 1505: 1504: 1501: 1498: 1495: 1492: 1491: 1488: 1485: 1482: 1479: 1478: 1475: 1473: 1470: 1467: 1466: 1462: 1459: 1456: 1453: 1452: 1449: 1446: 1443: 1440: 1439: 1435: 1432: 1430:at farm gate 1429: 1426: 1425: 1417: 1414: 1413: 1409: 1406: 1405: 1401: 1398: 1397: 1393: 1390: 1389: 1381: 1378: 1374: 1373: 1369: 1366: 1365: 1361: 1358: 1357: 1353: 1351:1 kWh lignite 1350: 1349: 1345: 1342: 1341: 1329: 1326: 1323: 1322: 1314: 1311: 1308: 1307: 1299: 1296: 1293: 1292: 1284: 1281: 1278: 1277: 1273: 1270: 1267: 1266: 1262: 1259: 1256: 1255: 1247: 1244: 1243: 1239: 1236: 1235: 1231: 1228: 1227: 1224: 1222: 1214: 1204: 1202: 1198: 1183: 1180: 1177: 1174: 1171: 1170: 1166: 1164: 1161: 1158: 1155: 1154: 1150: 1147: 1144: 1141: 1138: 1137: 1133: 1130: 1127: 1124: 1121: 1120: 1116: 1113: 1109: 1106: 1103: 1100: 1099: 1095: 1092: 1089: 1086: 1083: 1082: 1078: 1075: 1072: 1069: 1066: 1065: 1062:revenue 2020 1061: 1058: 1055: 1052: 1049: 1048: 1045: 1040: 1038: 1034: 1019: 1017: 1013: 998: 994: 971: 967: 963: 961: 957: 954: 950: 946: 945: 944: 936: 932: 928: 926: 922: 918: 909: 907: 898: 884: 881: 878: 875: 874: 871: 867: 864: 863: 860: 856: 853: 846: 842: 839: 838: 834: 831: 824: 820: 814: 811: 808: 807: 804: 802: 794: 790: 784: 780: 776: 771: 770:cap-and-trade 767: 762: 760: 755: 750: 738: 733: 731: 726: 724: 719: 718: 716: 715: 710: 709: 700: 698: 697: 688: 685: 674: 673: 672: 671: 662: 659: 657: 654: 652: 649: 647: 644: 643: 642: 639: 637: 634: 632: 629: 627: 624: 622: 619: 617: 614: 612: 611:Disinvestment 609: 607: 604: 602: 599: 597: 594: 592: 589: 588: 582: 581: 574: 573:Reforestation 571: 569: 566: 564: 561: 559: 556: 554: 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5300:Carbon price 5299: 5122:Human rights 4947:Season creep 4905:heat content 4831:Anoxic event 4744:James Hansen 4461:CDM Rulebook 4439:the original 4408:. 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Index

Carbon pricing
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

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