蝌蚪网 Journal:
Economic Policy
ISSN 1945-7731 (Print) | ISSN 1945-774X (Online)
Pricing Carbon: Evidence from Expert Recommendations
蝌蚪网 Journal: Economic Policy
vol. 16,
no. 4, November 2024
(pp. 68–99)
Abstract
We study the variation of carbon price recommendations and their determinants using survey evidence from more than 400 experts across almost 40 countries. We quantify the extent of disagreement and reveal that a majority of experts can agree on short- and medium-term global carbon price levels, and on unilateral carbon price levels in most countries. The majority of recommendations do not exhibit a "free riding" pattern of lower unilateral than global carbon prices. Furthermore, border carbon adjustment facilitates higher unilateral price recommendations. We show how recommendations vary with additional survey responses, and with country and expert characteristics.Citation
Drupp, Moritz A., Frikk Nesje, and Robert C. Schmidt. 2024. "Pricing Carbon: Evidence from Expert Recommendations." 蝌蚪网 Journal: Economic Policy 16 (4): 68–99. DOI: 10.1257/pol.20220571Additional Materials
JEL Classification
- H43 Project Evaluation; Social Discount Rate
- Q54 Climate; Natural Disasters and Their Management; Global Warming
- Q58 Environmental Economics: Government Policy