Shifting Paradigms in Carbon Pricing
By Ottmar Edenhofer, Brigitte Knopf et al., Mercator Research Institute for Climate Change
BYFORUM NEW ECONOMY
PUBLISHED1. NOVEMBER 2019
READING TIME1 MIN.
The authors stress that carbon prices are a cost-efficient way to cut emissions, but that emission trading schemes have failed to generate high enough prices. Carbon prices also need to be augmented by a range of other policies.