Supporting carbon pricing when interest rates are higher

Funke, Franziska; Mattauch, Linus; Douenne, Thomas; Fabre, Adrien; Stiglitz, Joseph E.

doi:10.1038/s41558-024-02040-z

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Supporting carbon pricing when interest rates are higher

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/persons/resource/franziska.funke

Funke, Franziska
Potsdam Institute for Climate Impact Research;

/persons/resource/Linus.Mattauch

Mattauch, Linus
Potsdam Institute for Climate Impact Research;

Douenne, Thomas
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Fabre, Adrien
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Stiglitz, Joseph E.
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Funke, F., Mattauch, L., Douenne, T., Fabre, A., Stiglitz, J. E. (2024): Supporting carbon pricing when interest rates are higher. - Nature Climate Change, 14, 665-667.
https://doi.org/10.1038/s41558-024-02040-z

Cite as: https://publications.pik-potsdam.de/pubman/item/item_29924

Abstract

To accept carbon pricing, citizens desire viable alternatives to fossil-fuel based options, especially as inflation and higher interest rates have exacerbated access barriers for capital-intensive green substitutes. In this comment, we argue that the political success of carbon pricing will be measured by how well policy design enables consumers to switch.