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Fighting global warming with carbon pricing: how it works, field experiments and elements for the Belgian economy

Author

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  • Koen Burggraeve

    (National Bank of Belgium)

  • Jan De Mulder

    (National Bank of Belgium)

  • Gregory De Walque

    (National Bank of Belgium)

Abstract

Economists believe that introducing carbon pricing is the best policy for effectively tackling global warming in a decentralised manner. However, its implementation is hampered by the concerns that it raises for household purchasing power and business competitiveness. Applied examples nevertheless show that such criticism is not justified if the proceeds from a carbon tax are wisely redistributed.

Suggested Citation

  • Koen Burggraeve & Jan De Mulder & Gregory De Walque, 2020. "Fighting global warming with carbon pricing: how it works, field experiments and elements for the Belgian economy," Economic Review, National Bank of Belgium, issue iv, pages 99-130, december.
    • Handle: RePEc:nbb:ecrart:y:2020:m:december:i:iv:p:99-130
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    References listed on IDEAS

    as
    1. Gert Peersman, 2022. "International Food Commodity Prices and Missing (Dis)Inflation in the Euro Area," The Review of Economics and Statistics, MIT Press, vol. 104(1), pages 85-100, March.
    2. Degryse, Hans & Goncharenko, Roman & Theunisz, Carola & Vadasz, Tamas, 2023. "When green meets green," Journal of Corporate Finance, Elsevier, vol. 78(C).
    3. Alberto Cavallo, 2020. "Inflation with Covid Consumption Baskets," NBER Working Papers 27352, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Ivan Faiella & Luciano Lavecchia, 2021. "Households' energy demand and the effects of carbon pricing in Italy," Questioni di Economia e Finanza (Occasional Papers) 614, Bank of Italy, Economic Research and International Relations Area.

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