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Shifting Paradigms in Carbon Pricing

Author

Listed:
  • Brigitte Knopf

    (Mercator Research Institute on Global Commons and Climate Change (MCC) gGmbH)

  • Kerstin Burghaus

    (Mercator Research Institute on Global Commons and Climate Change (MCC) gGmbH)

  • Christian Flachsland

    (Mercator Research Institute on Global Commons and Climate Change (MCC) gGmbH)

  • Michael Jakob

    (Mercator Research Institute on Global Commons and Climate Change (MCC) gGmbH)

  • Nicolas Koch

    (Mercator Research Institute on Global Commons and Climate Change (MCC) gGmbH)

  • Ottmar Edenhofer

    (Mercator Research Institute on Global Commons and Climate Change (MCC) gGmbH)

Abstract

The first pillar of the old paradigm of carbon pricing is the assumption that an emissions trading scheme is the most cost-efficient way to achieve a certain emission reduction target. However, it has become obvious that the old paradigm is unable to solve a number of challenges, e.g. market participants’ myopia.

Suggested Citation

  • Brigitte Knopf & Kerstin Burghaus & Christian Flachsland & Michael Jakob & Nicolas Koch & Ottmar Edenhofer, 2018. "Shifting Paradigms in Carbon Pricing," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 53(3), pages 135-140, May.
    • Handle: RePEc:spr:intere:v:53:y:2018:i:3:d:10.1007_s10272-018-0735-6
    DOI: 10.1007/s10272-018-0735-6
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    Cited by:

    1. Sitarz, Joanna & Pahle, Michael & Osorio, Sebastian & Luderer, Gunnar & Pietzcker, Robert, 2023. "EU carbon prices signal high policy credibility and farsighted actors," EconStor Preprints 280455, ZBW - Leibniz Information Centre for Economics.
    2. Osorio, Sebastian & Pietzcker, Robert Carl & Pahle, Michael & Edenhofer, Ottmar, 2018. "How to deal with the risks of phasing out coal in Germany through national carbon pricing," EconStor Preprints 190771, ZBW - Leibniz Information Centre for Economics.

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