The Pricing of Greenhouse Gas Emissions

13.11.2019

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.
 

Publications

Policy Brief: Fragen und Fakten zur Bepreisung von Treibhausgasemissionen (Policy Brief: Questions and Facts on the Pricing of Greenhouse Gas Emissions)
Monographs, November 2019, 30 pages
Study by: Austrian Institute of Economic Research – University of Graz, Wegener Center for Climate and Global Change
Online since: 08.11.2019 0:00
 
Viele Empfehlungen für die Klimapolitik konzentrieren sich auf zwei Schwerpunkte: erstens einen möglichst raschen Ausbau der Nutzung erneuerbarer Energie und zweitens, ergänzend dazu, eine Bepreisung von Treibhausgasemissionen. Der vorliegende Policy Brief legt vor dem Hintergrund der aktuellen Diskussionen über die Energie- und Klimapolitik eine unterstützende Argumentation für die Bepreisung von Treibhausgasemissionen vor.
Please contact

Angela Köppl

Research groups: Environment, Agriculture and Energy

Gerhard Streicher

Research groups: Structural Change and Regional Development

Margit Schratzenstaller-Altzinger

Research groups: Macroeconomics and European Economic Policy
© Martin Adams/Unsplash
© Martin Adams/Unsplash