Comparing Carbon Pricing Models - www.kas.de
Facts and Findings
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- Given the simultaneous abolition and/or reform of existing regulations, subsidies, fees and levies, both a carbon tax and emissions trading systemare preferable to the status quo in terms of climate change policy. Social compensation is essential for both.
- Introducing a carbon tax that is economically efficient, ecologically effective and socially viable is possible, but depends on two conditions: firstly compensation for the population and companies, secondly the integration of existing energy and carbon-related taxes. By its very nature, however, a carbon tax merely reduces emissions indirectly via price incentives.
- An emissions trading system is technically the most effective way to limit carbon emissions by setting a limit. A national emissions trading system (ETS) for the transport and buildings sectors could be a transitional solution.
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About this series
The series informs in a concentrated form about important positions of the Konrad-Adenauer-Stiftung on current topics. The individual issues present key findings and recommendations, offer brief analyses, explain the Foundation's further plans and name KAS contact persons.