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Carbon Pricing Under Pressure: Withering Markets?

Author

Listed:
  • Lars H. Gulbrandsen

    (Fridtjof Nansen Institute, Norway)

  • Jørgen Wettestad

    (Fridtjof Nansen Institute, Norway)

Abstract

Emissions trading systems (ETSs) are operating and developing in many regions and countries. Doubts have been raised about their effectiveness, but the global picture has many nuances, as the contributions to this thematic issue on carbon markets show. In this editorial, we briefly review some of the achievements and limitations of key ETSs, and provide an overview of the assembled articles. The cases examined in this issue include carbon markets rules under the Paris Agreement, the reform of the EU ETS and the proposed expansion of its sectoral coverage to shipping, and emissions trading initiatives in China, the USA, and New Zealand. The evidence indicates that, despite uncertainties related to future developments, carbon markets are continuing to evolve and expand around the world.

Suggested Citation

  • Lars H. Gulbrandsen & Jørgen Wettestad, 2022. "Carbon Pricing Under Pressure: Withering Markets?," Politics and Governance, Cogitatio Press, vol. 10(1), pages 230-234.
    • Handle: RePEc:cog:poango:v:10:y:2022:i:1:p:230-234
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    References listed on IDEAS

    as
    1. Jørgen Wettestad & Lars H. Gulbrandsen, 2022. "On the Process of Including Shipping in EU Emissions Trading: Multi-Level Reinforcement Revisited," Politics and Governance, Cogitatio Press, vol. 10(1), pages 246-255.
    2. Easwaran Narassimhan & Stefan Koester & Kelly Sims Gallagher, 2022. "Carbon Pricing in the US: Examining State-Level Policy Support and Federal Resistance," Politics and Governance, Cogitatio Press, vol. 10(1), pages 275-289.
    3. Tor Håkon Jackson Inderberg & Ian Bailey, 2022. "Anchoring Policies, Alignment Tensions: Reconciling New Zealand’s Climate Change Act and Emissions Trading Scheme," Politics and Governance, Cogitatio Press, vol. 10(1), pages 290-301.
    4. Maximilian Willner & Grischa Perino, 2022. "Beyond Control: Policy Incoherence of the EU Emissions Trading System," Politics and Governance, Cogitatio Press, vol. 10(1), pages 256-264.
    5. Jørgen Wettestad & Torbjørg Jevnaker, 2019. "Smokescreen Politics? Ratcheting Up EU Emissions Trading in 2017," Review of Policy Research, Policy Studies Organization, vol. 36(5), pages 635-659, September.
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    Citations

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    Cited by:

    1. Valentina Bortuzzo & Serena Bertagna & Vittorio Bucci, 2023. "Mitigation of CO 2 Emissions from Commercial Ships: Evaluation of the Technology Readiness Level of Carbon Capture Systems," Energies, MDPI, vol. 16(9), pages 1-15, April.

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