Introducing carbon taxes – issues and barriers

Weishaar, Stefan

doi:10.4337/9781788973366.00012

Cited by 2 publications

(2 citation statements)

References 6 publications

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“…During the 1980s and 1990s, the EU failed to establish any European-wide energy or climate taxes, with several initiatives failing to secure the unanimity across EU Member States required for measures "primarily of a fiscal nature" (Article 192 of the Lisbon Treaty (EU, 2007)). Although there is still disagreement on what "primarily of a fiscal nature" means (Weishaar, 2018), the EU resorted to a non-fiscal measure in form of the EU ETS, as laid out in a green paper in 2000 which became the ETS Directive (Directive 2003/87/EC). The EU ETS now affects some 13,500 stationary sources in the power sector (for installations above 20 MW) and major energy-intensive industrial sectors, encompassing some 2 GtCO 2 annually from EU Member States as well as Norway, Iceland and Liechtenstein (Ellerman et al, 2016).…”

Section: The Eu Emissions Trading Scheme: Background Challenges and R...mentioning

confidence: 99%

The Political Economy of a Carbon Price Floor for Power Generation

Newbery¹,

Reiner²,

Ritz³

2019

The Energy Journal

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The EU carbon price lies well below estimates of the social cost of carbon and "targetconsistent" carbon prices needed to deliver ambitious targets such as the 40% reduction target for 2030. In light of this, the UK introduced a carbon price floor (CPF) for its electricity sector in 2013 and the new Dutch Government has recently made a similar commitment, while successive French Governments have called for an EU-wide CPF. This paper analyzes the impacts and design of a power-sector CPF, both at the EU and national level, using a political-economy approach. We find a good case for introducing such a price-based instrument into the EU ETS. We suggest that a CPF should be designed to "top up" the EUA price to €25-30/tCO 2 , rising annually at 3-5% above inflation, at least until 2030. We argue that the new EU Market Stability Reserve enhances the value of a CPF in terms of delivering climate benefits, and discuss the potential for a regional CPF in North-West Europe. We also review international policy experience with price floors (and ceilings).

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Section: The Eu Emissions Trading Scheme: Background Challenges and R...mentioning

confidence: 99%

The Political Economy of a Carbon Price Floor for Power Generation

Newbery¹,

Reiner²,

Ritz³

2019

The Energy Journal

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“…The implementation of different CPIs in Canada emphasizes that all provinces in Canada have jurisdiction over natural resources and energy. This demonstrates that the political resilience of CO2 tax is ensured by frequent adaptations of the carbon tax at federal and provincial levels [14]. As a result, a robust national carbon pricing policy that allows provincial governments to change their policies is a crucial combination in implementing both the carbon tax and the ETS.…”

Section: Practice Inmentioning

confidence: 93%

Reflecting on REDD+: Challenges Towards Indonesia’s Carbon Pricing

Dirgantara

2022

IOP Conf. Ser.: Earth Environ. Sci.

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Indonesia, as one of many countries committed to implementing climate action frameworks, sees the need to develop solid carbon pricing regulations and expand the scope using its REDD+ (Reducing Emission from Deforestation and Forest Degradation Plus) experience. As a result-based payment for carbon trading, REDD+ can be a beneficial learning lesson for it. Prior to the United Nations Climate Change Conference 26 (COP), Indonesia demonstrated its political resolve to advance its climate policy by issuing a regulation on carbon pricing through Presidential Regulation No. 98/2021. Indonesia’s involvement in REDD+ has resulted in strong foundation accomplishments for carbon pricing implementation in terms of institutionalization, technicalities, and socioeconomic outcomes. However, not all REDD+ projects in Indonesia achieve the desired results. This paper aims to reflect on REDD+ as a lesson learned to identify the challenges towards Indonesia’s carbon pricing. A literature review and comparative study of carbon pricing implementation in Brazil, Canada, China, Colombia, and New Zealand were used to support this paper. This paper highlights several potential challenges to carbon pricing implementation in Indonesia such as determining the right instruments, strengthening government’s political will, transparency and public involvement, distribution of carbon price choices for subnational capacities, and the multi-nature of carbon pricing.

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Introducing carbon taxes – issues and barriers

Cited by 2 publications

References 6 publications

The Political Economy of a Carbon Price Floor for Power Generation

The Political Economy of a Carbon Price Floor for Power Generation

Reflecting on REDD+: Challenges Towards Indonesia’s Carbon Pricing

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