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Make carbon pricing a priority

Author

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  • Cameron Hepburn

    (Cameron Hepburn is at the Smith School of Enterprise and the Environment, University of Oxford, South Parks Road, Oxford OX1 3QY, UK, and at the Institute for New Economic Thinking, University of Oxford, Walton Well Road, Oxford OX2 6ED, UK, and at the Grantham Research Institute, at the London School of Economics and Political Science, Houghton Street, London WC2A 2AE, UK)

Abstract

Estimates of the social cost of carbon vary widely as a function of different ethical parameters. Faced with values ranging from US$10 to US$1,000 per tCO2 and above, some perplexed policymakers have adopted 'target-consistent' carbon pricing instead.

Suggested Citation

  • Cameron Hepburn, 2017. "Make carbon pricing a priority," Nature Climate Change, Nature, vol. 7(6), pages 389-390, June.
    • Handle: RePEc:nat:natcli:v:7:y:2017:i:6:d:10.1038_nclimate3302
    DOI: 10.1038/nclimate3302
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    Citations

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    Cited by:

    1. Rohan Best & Paul J. Burke, 2020. "Energy mix persistence and the effect of carbon pricing," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(3), pages 555-574, July.
    2. Best, Rohan & Zhang, Qiu Yue, 2020. "What explains carbon-pricing variation between countries?," Energy Policy, Elsevier, vol. 143(C).
    3. Newbery, David, 2018. "Policies for decarbonizing a liberalized power sector," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 12, pages 1-24.
    4. Best, Rohan & Burke, Paul J. & Nishitateno, Shuhei, 2019. "Evaluating the effectiveness of Australia's Small-scale Renewable Energy Scheme for rooftop solar," Energy Economics, Elsevier, vol. 84(C).
    5. Rafaty, R. & Dolphin, G. & Pretis, F., 2020. "Carbon pricing and the elasticity of CO2 emissions," Cambridge Working Papers in Economics 20116, Faculty of Economics, University of Cambridge.
    6. Best, Rohan, 2023. "Equitable reverse auctions supporting household energy investments," Energy Policy, Elsevier, vol. 177(C).
    7. Best, Rohan & Burke, Paul J., 2018. "Adoption of solar and wind energy: The roles of carbon pricing and aggregate policy support," Energy Policy, Elsevier, vol. 118(C), pages 404-417.
    8. Vermeulen, Robert & Schets, Edo & Lohuis, Melanie & Kölbl, Barbara & Jansen, David-Jan & Heeringa, Willem, 2021. "The heat is on: A framework for measuring financial stress under disruptive energy transition scenarios," Ecological Economics, Elsevier, vol. 190(C).
    9. Jianfeng Guo & Bin Su & Guang Yang & Lianyong Feng & Yinpeng Liu & Fu Gu, 2018. "How Do Verified Emissions Announcements Affect the Comoves between Trading Behaviors and Carbon Prices? Evidence from EU ETS," Sustainability, MDPI, vol. 10(9), pages 1-17, September.
    10. Hao, Xinyu & Sun, Wen & Zhang, Xiaoling, 2023. "How does a scarcer allowance remake the carbon market? An evolutionary game analysis from the perspective of stakeholders," Energy, Elsevier, vol. 280(C).

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