The Relative Merits of Carbon Pricing Instruments: Taxes versus Trading

Robert N. Stavins

Chapter 12 in Economics of Environment, Climate Change, and Wine:Selected Papers of Robert N Stavins, Volume 3 (2011–2023), 2025, pp 367-396 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:IntroductionSimilarities between Carbon Taxes and Cap-and-TradeDifferences between Carbon Taxes and Cap-and-TradeHybrid Policy Instruments and a Policy ContinuumLessons Learned from Experience with Carbon Pricing PoliciesSummary and ConclusionsAcknowledgmentsReferences

Keywords: Climate Change Economics; Climate Change Policy; Wine Economics; Environmental Economics; Energy Economics; Natural Resource Economics; Energy-Efficiency Gap; Climate Negotiators; Carbon Pricing; Carbon Pricing Policy; Greenhouse; SO2 Allowance Trading System; Clean Air Act; Intergovernmental Panel on Climate Change; Durban Climate Talks; The Paris Agreement; Terroir (search for similar items in EconPapers)
JEL-codes: Q5 Q54 Q56 Q58 (search for similar items in EconPapers)
Date: 2025
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