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13.11.2019
The Pricing of Greenhouse Gas Emissions
Policy Brief with Questions and Facts by Angela Köppl, Stefan Schleicher and Margit Schratzenstaller
In this Policy Brief by the WIFO economists Angela Köppl, Stefan Schleicher and Margit Schratzenstaller a supporting argumentation for the pricing of greenhouse gas emissions as instrument for climate policy is presented.
The paper places CO2 pricing in a broader context and outlines how a CO2 pricing package could be designed. Such a reform programme should pursue several objectives. One would be to reduce greenhouse gas emissions, especially CO2. At the same time, a more productive use of other raw materials and a transition to a circular economy should also be encouraged. In addition, there is a need to create incentives for innovation. A policy package on CO2 pricing should include compensatory measures that on the one hand mitigate undesirable distribution effects and on the other hand provide incentives for structural changes.
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08.11.2019
Finalization: November 2019
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