carbon tax ↔ climate policy instruments

Relations (1)

related 2.32 — strongly supporting 4 facts

A carbon tax is explicitly categorized as a type of climate policy instrument in academic studies [1], [2], and [3], with experts frequently comparing its efficacy and preference against other climate policy instruments [4].

Facts (4)

Sources

Designing Carbon Pricing Policies Across the Globe link.springer.com Springer 4 facts

referenceLarry Karp and Christian Traeger (2024) revisited the debate on climate policy instruments and found that the persistence of greenhouse gases and the presence of technological innovations tend to favor cap-and-trade schemes over carbon taxes.

measurementExperts in North America show the strongest preference for carbon taxes over other climate policy instruments, a finding supported by a two-sided t-test with p < 0.000.

claimThe study 'Designing Carbon Pricing Policies Across the Globe' documents strong support among academic experts for the use of carbon taxes and border carbon adjustment as climate policy instruments.

claimA carbon tax is the most strongly preferred climate policy instrument among experts in North America.