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Title: Parallel tracks towards a global treaty on carbon pricing
Author: Bergh, Jeroen C. J. M. van den
Angelsen, Arild
Baranzini, Andrea
Botzen, W.J., Wouter
Carattini, Stefano
Drews, Stefan
Dunlop, Tessa
Galbraith, Eric D.
Gsottbauer, Elisabeth
Howarth, Richard B.
Padilla Rosa, Emilio
Roca Jusmet, Jordi
Schmidt, Robert
Keywords: Carboni
Diòxid de carboni atmosfèric
Compensació d'emissions
Canvis climàtics
Atmospheric carbon dioxide
Carbon offset
Climatic changesting
Issue Date: 2018
Publisher: Institut d’Economia de Barcelona
Series/Report no: [WP E-IEB18/12]
Abstract: We argue that a global carbon price is the only way to effectively tackle free riding in international climate policy, required to substantially reduce greenhouse gas emissions. We briefly review the main reasons behind the essential role of carbon pricing, address common misunderstandings and scepticism, and identify key complementary policy instruments. Negotiating global carbon pricing is argued to be much easier than negotiating binding country-level targets, especially if it includes equitable revenue recycling. Moreover, a global carbon price can be more readily adapted to new data and insights of climate science. We propose a political strategy towards a global carbon price that consists of two tracks. The first entails assembly of a carbon-pricing club, a specific case of a climate club, to gradually move towards a full participatory agreement on carbon pricing. The second track involves putting time and energy into re-focusing UNFCCC negotiations on a carbon-pricing agreement. The two tracks reinforce one another, increasing the likelihood of a successful outcome.
Note: Reproducció del document publicat a:
It is part of: IEB Working Paper 2018/12
Appears in Collections:IEB (Institut d’Economia de Barcelona) – Working Papers

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