Add a Member Publication

Oxford Economic Papers, 72(2): 472–500
Article Title: The political economy of carbon pricing: a panel analysis
Specialization Codes: 8.1 - Climate Change and Greenhouse Gases, 8.6 - Environmental Market Design,
Authors: Dolphin, G., Pollitt, M. and Newbery, D.
Publication Date: 2020
Description: In virtually all jurisdictions that explicitly price carbon, its average (emissions-weighted) price remains low. Our analysis focuses on the political economy of its introduction as well as its stringency in an international panel of national and North American subnational jurisdictions. Results suggest that political economy factors primarily affected the former and that policy stringency is a highly persistent process. This has two important policy implications. First, successful passage of carbon pricing legislation will either come with contemporaneous compensation of incumbent, CO2-intensive, sectors or occur after their relative weakening. Second, if political economy constraints continue to prevail, climate change mitigation strategies will require multiple instruments.
More Information: https://doi.org/10.1093/oep/gpz042

Click here to return to the list of Member Publications.

 

© 2024 International Association for Energy Economics | Privacy Policy | Return Policy