Publication: New and old market-based instruments for climate change policy
New and old market-based instruments for climate change policy
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Goers, S. R., Wagner, A. F., & Wegmayr, J. (2010). New and old market-based instruments for climate change policy. Environmental Economics and Policy Studies, 12(1/2), 1–30. https://doi.org/10.1007/s10018-010-0161-x
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We review and examine three market-based instruments to address the challenge of climate change: emission trading, emission taxes, and hybrid instruments. Our main contribution is the illustration and comparison of these instruments using recent results from theoretical research and practical policy experience. Hybrid policies that aim to combine taxes and permits emerge as a promising way forward. An additional contribution is that we also comment on two other related concepts, namely, innovation strategies and prediction markets. Fo
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- Goers, Sebastian R
- Wegmayr, Jürgen
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Goers, S. R., Wagner, A. F., & Wegmayr, J. (2010). New and old market-based instruments for climate change policy. Environmental Economics and Policy Studies, 12(1/2), 1–30. https://doi.org/10.1007/s10018-010-0161-x
