Towards sustainable carbon markets: requirements for effective, efficient, and fair emissions trading schemes

Rudolph, Sven; Lenz, Christine; Lerch, Achim; Volmert, Barbara

doi:10.4337/9781781952191.00024

Cited by 1 publication

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“…Earlier papers have already shown how sustainability criteria and design elements can be specified and how design recommendations for sustainable carbon market can be derived (Rudolph et al 2012 ; table 1). However, in the case of climate policy taxes, this task is still to be done.…”

Section: Design Elements and Criteria For Sustainable Market-based CLmentioning

confidence: 99%

“…• Monitoring and penalties Applying basic arguments on sustainability criteria for climate policy instruments (Rudolph et al 2012) to the design elements of a carbon or energy tax, the following design recommendations for ecologically effective, economically efficient, and socially just climate policy taxes can be derived.…”

Section: Design Elements and Criteria For Sustainable Market-based CLmentioning

confidence: 99%

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Regional market-based climate policy in North America: efficient, effective, fair?

Rudolph

Kawakatsu²,

Lerch³

2014

Environmental Taxation and Green Fiscal Reform

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Despite President Obama's current interest in climate policy, market-based climate policy on the US federal level still appears to be deadlocked. The same is true for Canada, which has aligned its climate policy to the US. However, regional activities are more promising as British Columbia and California have started using market-based approaches recently. Against this background, the paper asks: Can state level market-based climate policy be a sustainable alternative or supplement to federal action? Terms of use: Documents inWhich of the two programs does better in terms of fulfilling ambitious sustainability criteria? How can the programs be improved? In order to answer these questions, in a comparative fashion, the paper analyzes the design and the results of the British Columbia Carbon Tax and the California Cap-andTrade Program and evaluates them based on sustainability criteria. By doing so, the paper provides a comparative evaluation of two North American sub-national level market-based climate policy programs, shows the significance and the challenges of such regional initiatives, identifies best-practice design elements, and provides recommendations for regional market-based climate policy design.JEL-Classification: D62, D63, Q48, Q54, Q58

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Section: Design Elements and Criteria For Sustainable Market-based CLmentioning

confidence: 99%

Section: Design Elements and Criteria For Sustainable Market-based CLmentioning

confidence: 99%

Regional market-based climate policy in North America: efficient, effective, fair?

Rudolph

Kawakatsu²,

Lerch³

2014

Environmental Taxation and Green Fiscal Reform

View full text Add to dashboard Cite

show abstract

Towards sustainable carbon markets: requirements for effective, efficient, and fair emissions trading schemes

Cited by 1 publication

References 0 publications

Regional market-based climate policy in North America: efficient, effective, fair?

Regional market-based climate policy in North America: efficient, effective, fair?

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