The Economic Effectiveness of Different Carbon Pricing Options to Reduce Carbon Dioxide Emissions
Published On: August 05, 2020
This report sheds light on the effectiveness of carbon management policies in terms of their effect on the economy and/or sector-level emissions and economic performance and adds to the growing volume of other empirical studies. Studies based on empirical evidence of the effectiveness of different carbon policies were sparse and hard to find, with most researchers taking a qualitative approach to the evaluation of the various systems in place.
This Canadian Energy Research Institute (CERI) study takes the quantitative approach and analyzes the impact of major carbon management initiatives across the globe. It reviews the design, analyzes the impact, and identifies the lessons learned from key carbon management policies/systems for the four case studies in terms of their impacts on emissions efficiency, emissions reduction, and economic output.
The four case studies include the European Union Emissions Trading System, California (linked with Quebec) Cap-and-Trade System, British Columbia Carbon Tax System, and Alberta Specified Gas Emitters Regulation.