Abstract
Many analysts agree that we need to put a price on carbon through either a carbon tax or a cap-and-trade program. And yet, some of the most dramatic successes in carbon abatement have come from policies that do not put a price on carbon. This article considers some of the limits to price as an effective mechanism for transformation of the fossil fuel economy.
Original language | English (US) |
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Pages (from-to) | 107-118 |
Number of pages | 12 |
Journal | Climate Law |
Volume | 4 |
Issue number | 1-2 |
DOIs | |
State | Published - Jul 25 2014 |
Keywords
- Cap-and-trade
- Carbon price
- Carbon tax
- Economic incentives
- Emission trading
- European Union Emission Trading Scheme
- Free market ideology
- Kyoto Protocol
- Technological change
- Technological transformation
ASJC Scopus subject areas
- Management, Monitoring, Policy and Law
- Law