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Contribution of car...
Contribution of carbon pricing to meeting a mid-century net zero target
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- Haites, Erik (författare)
- Margaree Consultants Inc.
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- Bertoldi, Paolo (författare)
- European Commission Joint Research Centre, Brussels
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König, Michael (författare)
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visa fler...
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- Bataille, Christopher (författare)
- Columbia University,Sciences Po Paris
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- Creutzig, Felix (författare)
- Technical University of Berlin
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- Dasgupta, Dipak (författare)
- The Energy and Resources Institute India
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- de la rue du Can, Stéphane (författare)
- Lawrence Berkeley National Laboratory
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Khennas, Smail (författare)
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- Kim, Yong Gun (författare)
- Korea Environment Institute (KEI)
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- Nilsson, Lars J. (författare)
- Lund University,Lunds universitet,Miljö- och energisystem,Institutionen för teknik och samhälle,Institutioner vid LTH,Lunds Tekniska Högskola,LTH profilområde: Energiomställningen,LTH profilområden,Environmental and Energy Systems Studies,Department of Technology and Society,Departments at LTH,Faculty of Engineering, LTH,LTH Profile Area: The Energy Transition,LTH Profile areas,Faculty of Engineering, LTH
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- Roy, Joyashree (författare)
- Asian Institute of Technology Thailand,Jadavpur University
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- Sari, Agus (författare)
- Bandung Institute of Technology
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Margaree Consultants Inc European Commission Joint Research Centre, Brussels (creator_code:org_t)
- Informa UK Limited, 2024
- 2024
- Engelska.
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Ingår i: Climate Policy. - : Informa UK Limited. - 1469-3062 .- 1752-7457.
- Relaterad länk:
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http://dx.doi.org/10... (free)
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https://lup.lub.lu.s...
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https://doi.org/10.1...
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Abstract
Ämnesord
Stäng
- A mid-century net zero target creates a challenge for reducing the emissions of emissions-intensive, trade-exposed sectors with high cost mitigation options. These sectors include aluminium, cement, chemicals, iron and steel, lime, pulp and paper and petroleum refining. Available studies agree that decarbonization of these sectors is possible by mid-century if more ambitious policies are implemented soon. Existing carbon pricing policies have had limited impact on the emissions of these sectors because their marginal abatement costs almost always exceed the tax rate or allowance price. But emissions trading systems with free allowance allocations to emissions-intensive, trade-exposed sectors have minimized the adverse economic impacts and associated leakage. Internationally coordinated policies are unlikely, so implementing more ambitious policies creates a risk of leakage. This paper presents policy packages a country can implement to accelerate emission reduction by these sectors with minimal risk of leakage. To comply with international trade law the policy packages differ for producers whose goods compete with imports in the domestic market and producers whose goods are exported. Carbon pricing is a critical component of each package due its ability to minimize the risk of adverse economic impacts on domestic industry, support innovation and generate revenue. The revenue can be used to assist groups adversely impacted by the domestic price and production changes due to carbon pricing and to build public support for the policies. Key policy insights A country with a mid-century net zero GHG emission target likely will need to implement more ambitious mitigation policies soon for emission-intensive sectors such as aluminium, cement, chemicals, iron and steel, lime, pulp and paper and petroleum refining. More ambitious mitigation policies are likely to vary by country and be implemented at different times, creating a risk of leakage due to industrial production shifts to other jurisdictions. More ambitious mitigation policy packages, compatible with international trade law, that a country can implement to reduce emissions from these sectors with minimal risk of leakage are available but differ for producers whose goods compete with imports in the domestic market and those whose goods are exported. Carbon pricing is a critical component of each package due its ability to minimize the risk of adverse economic impacts on domestic producers, support innovation and generate revenue.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Nyckelord
- Carbon pricing
- carbon tax
- emissions trading schemes
- emissions-intensive
- policy instruments
- trade-exposed (EITE) sectors
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Haites, Erik
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Bertoldi, Paolo
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König, Michael
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Bataille, Christ ...
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Creutzig, Felix
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Dasgupta, Dipak
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visa fler...
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de la rue du Can ...
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Khennas, Smail
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Kim, Yong Gun
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Nilsson, Lars J.
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Roy, Joyashree
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Sari, Agus
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visa färre...
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