Proposal for an International Carbon Price Floor Among Large Emitters /

Proposal for an International Carbon Price Floor Among Large Emitters /

Countries are increasingly committing to midcentury 'net-zero' emissions targets under the Paris Agreement, but limiting global warming to 1.5 to 2 degree C requires cutting emissions by a quarter to a half in this decade. Making sufficient progress to stabilizing the climate therefore req...

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Bibliografiske detaljer
Hovedforfatter: Parry, Ian
Andre forfattere: Black, Simon, Roaf, James
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2021.
Fag:
Climate
Energy
Environmental Economics
Global Warming
Natural Disasters and Their Management
Online adgang:Full text available on IMF
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245 1 0 |a Proposal for an International Carbon Price Floor Among Large Emitters /  |c Ian Parry, Simon Black, James Roaf. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2021. 
300 |a 1 online resource (18 pages) 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Countries are increasingly committing to midcentury 'net-zero' emissions targets under the Paris Agreement, but limiting global warming to 1.5 to 2 degree C requires cutting emissions by a quarter to a half in this decade. Making sufficient progress to stabilizing the climate therefore requires ratcheting up near-term mitigation action but doing so among 195 parties simultaneously is proving challenging. Reinforcing the Paris Agreement with an international carbon price floor (ICPF) could jump-start emissions reductions through substantive policy action, while circumventing emerging pressure for border carbon adjustments. The ICPF has two elements: (1) a small number of key large-emitting countries, and (2) the minimum carbon price each commits to implement. The arrangement can be pragmatically designed to accommodate equity considerations and emissions-equivalent alternatives to carbon pricing. The paper discusses the rationale for an ICPF, considers design issues, compares it with alternative global regimes, and quantifies its impacts. 
538 |a Mode of access: Internet 
650 7 |a Climate  |2 imf 
650 7 |a Energy  |2 imf 
650 7 |a Environmental Economics  |2 imf 
650 7 |a Global Warming  |2 imf 
650 7 |a Natural Disasters and Their Management  |2 imf 
700 1 |a Black, Simon. 
700 1 |a Roaf, James. 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/066/2021/001/066.2021.issue-001-en.xml  |z IMF e-Library 

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