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The Relative Merits of Carbon Pricing Instruments: Taxes versus Trading
Author:Robert N. Stavins
Winter 2022
Year PublishedWinter 2022
Abstract in EnglishRobert Stavins closely examines the advantages and disadvantages of two distinct pricing instruments for reducing carbon emissions—carbon taxes and cap-and-trade. Both policy instruments are in common use today in many countries although not in the United States. Stavins looks at the practical challenges, financial implications, and political feasibility of both approaches, concluding that while they are equivalent in many ways, they can perform quite differently along other dimensions, making an apples-to-apples comparison quite difficult.
Source PlatformHarvard Project on Climate Agreements
Document Type科技报告
Recommended Citation
GB/T 7714
Author:Robert N. Stavins. The Relative Merits of Carbon Pricing Instruments: Taxes versus Trading,Wint.
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