Knowledge Tree
climate policy instruments
Also known as: climate policy instrument
Facts (15)
Sources
Designing Carbon Pricing Policies Across the Globe link.springer.com 10 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.
claimThe authors of the study 'Designing Carbon Pricing Policies Across the Globe' found that among six climate policy instruments, direct regulation received the highest rating from experts, while cap-and-trade schemes received the lowest.
measurementSupport for cap-and-trade as a climate policy instrument decreases as the recommended stringency of global emission reduction targets increases (univariate logistic regression, 1% significance level).
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.
claimSurvey questions regarding 'determinants' have little predictive power on experts' views regarding the choice of climate policy instruments.
claimThe authors found no evidence of non-response bias or strategic response bias in their survey of experts regarding climate policy instruments.
measurementFemale experts recommend a mix of climate policy instruments more often (30%) than male experts (16%).
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.
measurementExperts who responded to the second invitation in the study were more likely to recommend cap-and-trade systems over other climate policy instruments compared to those who responded to the first invitation (36% vs. 27%; χ2-test: p = 0.020).
How governments address climate change through carbon pricing ... nature.com Apr 15, 2025 4 facts
claimThe impact of political parties and their ideological positions on the specific design of climate policy instruments remains unknown.
claimThe effectiveness of less coercive climate policy instruments, such as subsidies or information-based initiatives, is generally questioned by experts.
claimThe effectiveness of less coercive climate policy instruments, such as subsidies or information-based initiatives, is generally questioned.
claimPolitical parties may hold different preferences for specific climate policy instruments, which can cause correlations to remain hidden when analyzing only aggregated measures of climate policy output.
Carbon Pricing for Inclusive Prosperity: The Role of Public Support econfip.org 1 fact
claimEmissions trading systems (ETS) and fossil fuel subsidy reforms are two climate policy instruments used globally, with fossil fuel subsidies functioning essentially as a negative price on carbon.