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- Carbon_price abstract "Carbon pricing — the method favored by many economists for reducing global-warming emissions — charges those who emit carbon dioxide (CO2) for their emissions. That charge, called a carbon price, is the amount that must be paid for the right to emit one tonne of CO2 into the atmosphere. Carbon pricing usually takes the form either of a carbon tax or a requirement to purchase permits to emit, generally known as cap-and-trade, but also called "allowances".Carbon pricing solves the economic problem that CO2, a known greenhouse gas, is what economics calls a negative externality — a detrimental product that is not priced (charged for) by any market. As a consequence of not being priced, there is no market mechanism responsive to the costs of CO2 emitted. The standard economic solution to problems of this type, first proposed by Arthur Pigou in 1920, is for the product - in this case, CO2 emissions - to be charged at a price equal to the monetary value of the damage caused by the emissions. This should result in the economically optimal (efficient) amount of CO2 emissions. Many practical concerns mar the theoretical simplicity of this picture: for example, the exact monetary damage caused by a tonne of CO2 is uncertain.The economics of carbon pricing is much the same for taxes and cap-and-trade. Both prices are efficient; they have the same social cost and the same effect on profits if permits are auctioned. However, some economists argue that caps prevent non-price policies, such as renewable energy subsidies, from reducing carbon emissions, while carbon taxes do not. Others argue that an enforced cap is the only way to guarantee that carbon emissions will actually be reduced; a carbon tax will not prevent those who can afford to do so from continuing to generate emissions.The choice of pricing approach, a tax or cap-and-trade, has been controversial. A carbon tax is generally favored on economic grounds for its simplicity and stability, while cap-and-trade is often favored on political grounds. Recently (2013−14) economic opinion has been shifting more heavily toward taxes as national policy measures, and toward a neutral carbon-price-commitment position for the purpose of international climate negotiations.".
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- Carbon_price wikiPageExternalLink Ecofiscal-Commission-Report-Brief-The-Way-Forward-for-Ontario-Cap-and-Trade-June-2015.pdf.
- Carbon_price wikiPageExternalLink new.citizensclimatelobby.org.
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- Carbon_price wikiPageExternalLink pricingcarbon.org.
- Carbon_price wikiPageExternalLink econstatement.htm.
- Carbon_price wikiPageExternalLink capandtrade.htm.
- Carbon_price wikiPageExternalLink a-carbon-tax-even-republicans-can-support.
- Carbon_price wikiPageExternalLink www.carbontax.org.
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- Carbon_price wikiPageWikiLink American_Economic_Association.
- Carbon_price wikiPageWikiLink Arthur_Cecil_Pigou.
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- Carbon_price wikiPageWikiLink Carbon_tax.
- Carbon_price wikiPageWikiLink Category:Economics.
- Carbon_price wikiPageWikiLink Category:Fossil_fuels.
- Carbon_price wikiPageWikiLink Category:Subsidies.
- Carbon_price wikiPageWikiLink Category:Taxation.
- Carbon_price wikiPageWikiLink Certified_Emission_Reduction.
- Carbon_price wikiPageWikiLink Christine_Lagarde.
- Carbon_price wikiPageWikiLink Clean_Development_Mechanism.
- Carbon_price wikiPageWikiLink Economics_of_climate_change_mitigation.
- Carbon_price wikiPageWikiLink Emissions_trading.
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- Carbon_price wikiPageWikiLink European_Union_Emission_Trading_Scheme.
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- Carbon_price wikiPageWikiLink Great_Recession.
- Carbon_price wikiPageWikiLink Greenhouse_gas.
- Carbon_price wikiPageWikiLink IPCC.
- Carbon_price wikiPageWikiLink Intergovernmental_Panel_on_Climate_Change.
- Carbon_price wikiPageWikiLink International_Monetary_Fund.
- Carbon_price wikiPageWikiLink James_Hansen.
- Carbon_price wikiPageWikiLink Joseph_Stiglitz.
- Carbon_price wikiPageWikiLink Kyoto_Protocol.
- Carbon_price wikiPageWikiLink Martin_Weitzman.
- Carbon_price wikiPageWikiLink William_Nordhaus.
- Carbon_price wikiPageWikiLink World_Bank.
- Carbon_price wikiPageWikiLinkText "Carbon price".
- Carbon_price wikiPageWikiLinkText "caps prevent non-price policies".
- Carbon_price wikiPageWikiLinkText "carbon price".
- Carbon_price wikiPageWikiLinkText "carbon-price-commitment".
- Carbon_price wikiPageWikiLinkText "economics of carbon pricing".
- Carbon_price wikiPageWikiLinkText "price on carbon".
- Carbon_price hasPhotoCollection Carbon_price.
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- Carbon_price subject Category:Economics.
- Carbon_price subject Category:Fossil_fuels.
- Carbon_price subject Category:Subsidies.
- Carbon_price subject Category:Taxation.
- Carbon_price comment "Carbon pricing — the method favored by many economists for reducing global-warming emissions — charges those who emit carbon dioxide (CO2) for their emissions. That charge, called a carbon price, is the amount that must be paid for the right to emit one tonne of CO2 into the atmosphere.".
- Carbon_price label "Carbon price".
- Carbon_price sameAs Prix_du_carbone.
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- Carbon_price sameAs Q20681009.
- Carbon_price sameAs Q20681009.
- Carbon_price wasDerivedFrom Carbon_price?oldid=682827632.
- Carbon_price isPrimaryTopicOf Carbon_price.