CLIMATE  |  INTERECONOMICS

Shifting Paradigms in Carbon Pricing

by Ottmar Edenhofer, Brigitte Knopf, Kerstin Burghaus, Christian Flachsland, Michael Jakob & Nicolas Koch

PUBLISHED

1. MAY 2018
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ABOUT CLIMATE

KNOWLEDGE BASE

During the high point of market orthodoxy, economists argued that the most 'efficient' way to combat climate change was to simply let markets determine the price of carbon emissions. Today, there is a growing consensus that prices need to be regulated and that a carbon price on its own might not be enough.

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