A whole-economy carbon price for Europe and how to get there

Edenhofer, Ottmar; Kosch, Mirjam; Pahle, Michael; Zachmann, Georg

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A whole-economy carbon price for Europe and how to get there

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/persons/resource/Ottmar.Edenhofer

Edenhofer, Ottmar
Potsdam Institute for Climate Impact Research;

/persons/resource/mirjam.kosch

Kosch, Mirjam
Potsdam Institute for Climate Impact Research;

/persons/resource/Michael.Pahle

Pahle, Michael
Potsdam Institute for Climate Impact Research;

Zachmann, Georg
External Organizations;

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https://www.bruegel.org/2021/03/a-whole-economy-carbon-price-for-europe-and-how-to-get-there/
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Edenhofer, O., Kosch, M., Pahle, M., Zachmann, G. (2021): A whole-economy carbon price for Europe and how to get there, (Policy Contribution ; 06/21), Brussels : Bruegel Think Tank, 13 p.

Cite as: https://publications.pik-potsdam.de/pubman/item/item_25410

Abstract

Putting carbon pricing at the centre of the EU climate policy architecture would provide major benefits. Obtaining these benefits requires a uniform, credible and durable carbon price – the economic first-best solution, however, several preconditions required to attain this solution are not yet met. This paper proposes a sequenced approach to ensure convergence of the policy mix on the first-best in the long run.