Carbon Taxes vs. Cap and Trade: A Critical Review

By D. Revel. 2013

258 citations recorded by the source corpus.

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The effect of carbon pricing on technological change for full energy decarbonization: A review of empirical ex‐post evidence (2020, background): “…(Hassler, Krusell, & Nycander, 2016; Metcalf & Weisbach, 2009; Weitzman, 1974), also because the carbon tax can be directly controlled whereas a cap-and-trade system yields a fluctuating, and hence uncertain, carbon price that interacts stronger with other climate policies (Goulder & Schein, 2013).”
The impact of cap-and-trade mechanism and consumers’ environmental preferences on a retailer-led supply Chain (2019, methodology): “After implementing the Kyoto Protocol in 1997 and the Paris Climate Agreement in 2015, Europe, China, and Korea have attempted to enact a variety of policies and legislation to reduce carbon emissions (Goulder and Schen, 2013; Zhang and Xu, 2013).”
Designing an effective climate-policy mix: accounting for instrument synergy (2021, background): “This can be done through a carbon tax or emissions trading (market creation or tradable permits), which do not necessarily generate identical outcomes (Foramitti et al., 2021; Goulder & Schein, 2013).2 3.”