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The Carbon Crunch$
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Dieter Helm

Print publication date: 2012

Print ISBN-13: 9780300186598

Published to Yale Scholarship Online: October 2013

DOI: 10.12987/yale/9780300186598.001.0001

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PRINTED FROM YALE SCHOLARSHIP ONLINE (www.yale.universitypressscholarship.com). (c) Copyright Yale University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in YSO for personal use.date: 17 September 2021

Fixing the carbon price

Fixing the carbon price

Chapter:
(p.175) Chapter 9 Fixing the carbon price
Source:
The Carbon Crunch
Author(s):

Dieter Helm

Publisher:
Yale University Press
DOI:10.12987/yale/9780300186598.003.0010

This chapter discusses carbon pricing, which implies that the inputs with a lot of embedded carbon which a company uses to make things and deliver services will become more costly. Companies will therefore strive to substitute carbon-intensive inputs for non-carbon inputs. Politicians may oppose carbon pricing when it exposes the technologies they have supported. The aim of a market-based mechanism such as the carbon tax is to change the incentives on both the demand and supply sides. In order to be effective, it needs to be targeted as close to the externality as possible. The border carbon tax provides a fairer way of distributing the costs. With a carbon price in place, focused on what matters the market would then be properly incentivized to start the serious business of decarbonizing.

Keywords:   carbon pricing, carbon, carbon-intensive inputs, non-carbon inputs, decarbonizing, costs

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