Pricing Carbon Emissions Economic Reality and Utopia

Pricing Carbon Emissions provides an economic critique on the utopian idea of a uniform carbon price for addressing rising carbon emissions, exposing the flaws in the economic propositions with a key focus on the EU's Emissions Trading System (ETS). After an Executive Summary of the contents, t...

Full description

Saved in:
Bibliographic Details
Main Author: Verbruggen, Aviel (auth)
Format: Electronic Book Chapter
Language:English
Published: Taylor & Francis 2021
Series:Routledge Explorations in Environmental Economics
Subjects:
Online Access:OAPEN Library: download the publication
OAPEN Library: description of the publication
Tags: Add Tag
No Tags, Be the first to tag this record!

MARC

LEADER 00000naaaa2200000uu 4500
001 oapen_2024_20_500_12657_76005
005 20230831
003 oapen
006 m o d
007 cr|mn|---annan
008 20230831s2021 xx |||||o ||| 0|eng d
020 |a 9781003173816 
020 |a 9781000415445 
020 |a 9781003173816 
020 |a 9781032003627 
020 |a 9781032003641 
040 |a oapen  |c oapen 
024 7 |a 10.4324/9781003173816  |c doi 
041 0 |a eng 
042 |a dc 
072 7 |a KCN  |2 bicssc 
100 1 |a Verbruggen, Aviel  |4 auth 
245 1 0 |a Pricing Carbon Emissions  |b Economic Reality and Utopia 
260 |b Taylor & Francis  |c 2021 
300 |a 1 electronic resource (262 p.) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a Routledge Explorations in Environmental Economics 
506 0 |a Open Access  |2 star  |f Unrestricted online access 
520 |a Pricing Carbon Emissions provides an economic critique on the utopian idea of a uniform carbon price for addressing rising carbon emissions, exposing the flaws in the economic propositions with a key focus on the EU's Emissions Trading System (ETS). After an Executive Summary of the contents, the chapters build up understanding of orthodox economics' role in protecting the neoliberal paradigm. A salient case, the ETS is successful in shielding the Business-as-Usual activities of the EU's industry, however this book argues that the system fails in creating innovation for decarbonizing production technologies. A subsequent political economy analysis by the author points to the discursive power of giant fossil fuel and electricity companies keeping up a façade of Cap-and-Trade utopia and hiding the reality of free permit donations and administrative price control, concealing financial bills mostly paid by household electricity customers. The twilights between reality and utopia in the EU's ETS are exposed, concluding an immediate end of the system is necessary for effective and just climate policy. The work argues that the proposition of shifting to a global uniform carbon tax is equally utopian. In practice, a uniform price applied on heterogeneous cases is not a source of benefits but one of ad-hoc adjustments, exceptions, and exemptions. Carbon pricing does not induce innovation, however assumed by the economic models used by IPCC for advising global climate policy. Thus, it is persuasively demonstrated by the author that these schemes are doomed to failure and room and resources need to be created for more effective and just climate politics. The book's conclusion is based on economic arguments, complementing the critique of political scientists. This book is written for a broad audience interested in climate policy eager to understand why decarbonizing progress is slow as it is. It marks a significant addition to the literature on climate politics, carbon pricing and the political economy of the environment more broadly. The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license. 
540 |a Creative Commons  |f by-nc-nd/4.0  |2 cc  |4 http://creativecommons.org/licenses/by-nc-nd/4.0 
546 |a English 
650 7 |a Environmental economics  |2 bicssc 
653 |a carbon emissions 
653 |a carbon pricing 
653 |a carbon-free power 
653 |a decarbonizing 
653 |a Emissions Trading System (ETS) 
653 |a EU 
653 |a global sustainable development 
653 |a orthodox economics 
653 |a political economy 
653 |a renewable energy 
856 4 0 |a www.oapen.org  |u https://library.oapen.org/bitstream/id/9f5e0447-e26d-4022-bf3b-e0a318fdb6d8/9781000415445.pdf  |7 0  |z OAPEN Library: download the publication 
856 4 0 |a www.oapen.org  |u https://library.oapen.org/handle/20.500.12657/76005  |7 0  |z OAPEN Library: description of the publication