Design issues for a consumption charge and economic impact

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Chapter 3 in Including Consumption in Emissions Trading, 2021, pp 53-67 from Edward Elgar Publishing

Abstract: Chapter 2 suggests the design of a consumption charge, which addresses in combination with an ETS all three emission reduction channels. The charge should be limited to those materials at risk of carbon leakage. For ease of administration, materials-specific but technology-independent emissions benchmarks should determine the carbon content of materials. The carbon price level should be distracted from the auction platform. The charge should be designed as an indirect charge and should be imposed on products when released for consumption. Revenue should be used for the acquisition of allowances at the auction platform and the financing of climate mitigation measures. Economically, a consumption charge combined with free intensity-based allowances allocation is comparable with full auctioning and border carbon adjustments.

Keywords: Economics and Finance; Environment; Law - Academic; Politics and Public Policy (search for similar items in EconPapers)
Date: 2021
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