Environmental and economic sustainability in pricing strategy of carbon tax: application of environmental Kuznets curve and real options approach

Ko, Chuan-Chuan; Liu, Chunmei; Yuan, Xiangyong; Li, Yuanshan

doi:10.1088/1755-1315/865/1/012041

Cited by 1 publication

(1 citation statement)

References 11 publications

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“…The strategic integration of carbon pricing into national economic policies can also drive sustainable economic development without compromising the firms' profitability or the broader economic goals. Ko et al (2021) discuss the application of the Environmental Kuznets Curve (EKC) and dynamic real options approach (ROA) in formulating a carbon tax pricing strategy that aligns with economic sustainability . This approach allows governments to levy carbon taxes in a way that controls emissions within a reasonable range while encouraging industries to invest in clean energy technologies.…”

Section: Integrating Carbon Pricing Into Environmental and Economic S...mentioning

confidence: 99%

Strategic implications of carbon pricing on global environmental sustainability and economic development: A conceptual framework

Peter Simpa,

Nko Okina Solomon,

Olubunmi Adeolu Adenekan

et al. 2024

Int. j. adv. economics

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This study critically evaluates the strategic implications of carbon pricing mechanisms on global environmental sustainability and economic development. Employing a systematic literature review and content analysis, the research synthesizes recent findings from peer-reviewed articles, reports, and policy documents published between 2010 and 2024. The study's objectives include analyzing the effectiveness of carbon pricing in reducing greenhouse gas emissions, assessing its economic impacts, exploring environmental benefits, and understanding the role of international cooperation in enhancing the efficacy of carbon pricing policies. The methodology hinges on a structured search strategy, applying rigorous inclusion and exclusion criteria to ensure the relevance and quality of the literature reviewed. The analysis reveals that carbon pricing, encompassing both carbon taxes and cap-and-trade systems, serves as a pivotal tool for mitigating climate change while fostering economic growth and structural transformation. Key findings highlight the potential of carbon pricing to drive innovation in green technologies, the importance of addressing social equity concerns, and the critical role of international policy coordination in mitigating cross-border carbon leakage and competitiveness issues. The study concludes that carbon pricing mechanisms, when effectively designed and equitably implemented, can align environmental sustainability with economic development goals. Recommendations for policymakers emphasize the need for comprehensive strategies that integrate carbon pricing with broader economic and environmental policies, underscore the importance of international cooperation, and advocate for continued research to refine carbon pricing models and strategies. This research contributes to the ongoing discourse on carbon pricing, offering insights into its potential as a cornerstone of global climate governance and sustainable economic policy. Keywords: Carbon Pricing Mechanisms, Environmental Sustainability, Economic Development, International Cooperation.

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Section: Integrating Carbon Pricing Into Environmental and Economic S...mentioning

confidence: 99%

Strategic implications of carbon pricing on global environmental sustainability and economic development: A conceptual framework

Peter Simpa,

Nko Okina Solomon,

Olubunmi Adeolu Adenekan

et al. 2024

Int. j. adv. economics

View full text Add to dashboard Cite

show abstract

Environmental and economic sustainability in pricing strategy of carbon tax: application of environmental Kuznets curve and real options approach

Cited by 1 publication

References 11 publications

Strategic implications of carbon pricing on global environmental sustainability and economic development: A conceptual framework

Strategic implications of carbon pricing on global environmental sustainability and economic development: A conceptual framework

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