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|z 9781513583204
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|a 10.5089/9781513583204.066
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|a Parry, Ian.
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|a Proposal for an International Carbon Price Floor Among Large Emitters /
|c Ian Parry, Simon Black, James Roaf.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2021.
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|a Countries are increasingly committing to midcentury 'net-zero' emissions targets under the Paris Agreement, but limiting global warming to 1.5 to 2 degree C requires cutting emissions by a quarter to a half in this decade. Making sufficient progress to stabilizing the climate therefore requires ratcheting up near-term mitigation action but doing so among 195 parties simultaneously is proving challenging. Reinforcing the Paris Agreement with an international carbon price floor (ICPF) could jump-start emissions reductions through substantive policy action, while circumventing emerging pressure for border carbon adjustments. The ICPF has two elements: (1) a small number of key large-emitting countries, and (2) the minimum carbon price each commits to implement. The arrangement can be pragmatically designed to accommodate equity considerations and emissions-equivalent alternatives to carbon pricing. The paper discusses the rationale for an ICPF, considers design issues, compares it with alternative global regimes, and quantifies its impacts.
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|a Description based on print version record.
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|a Energy
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|a Environmental Economics
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|a Global Warming
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|a Black, Simon.
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|a Roaf, James.
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|i Print Version:
|a Parry, Ian
|t Proposal for an International Carbon Price Floor Among Large Emitters
|d Washington, D.C. : International Monetary Fund, 2021.
|z 9781513583204.
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| 856 |
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