concept

global emission reduction targets

Also known as: global emission reduction target

Facts (10)

Sources

Designing Carbon Pricing Policies Across the Globe link.springer.com Springer 10 facts

claimExperts who recommend more stringent global emission reduction targets tend to recommend carbon taxes over cap-and-trade systems.

claimIn the multivariate analysis of expert recommendations for equal lump-sum transfers, the positive relation with the global emission reduction target is preserved, while the relation with emission reduction costs becomes insignificant.

measurementIn the multivariate analysis, the impact of the global emission reduction target on experts' recommendations for cap-and-trade systems is statistically insignificant.

measurementIn the univariate analysis, the global emission reduction target has a strongly significant negative impact on experts' recommendations for cap-and-trade systems.

measurementSupport for Border Carbon Adjustment (BCA) is positively related to the recommendation of more stringent global emission reduction targets (at the 10% significance level).

claimRecommending equal lump-sum transfers to households is positively related to recommending more stringent global emission reduction targets.

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).

claimThe survey on carbon pricing design included questions on instrument choice, border carbon adjustment, revenue usage, and potential determinants of experts' recommendations such as global emission reduction targets or expected climate damages.

measurementRevenue usage categories positively related to more stringent global emission reduction targets include transfers to particularly affected households, international transfers to countries particularly affected by climate change, and international transfers to support climate policy in other countries (p < 0.024).

claimThe expert survey recorded several determinants of carbon pricing to analyze drivers of expert recommendations, including global emission reduction targets, reduction costs, expected climate damages (in percent), and utility discounting.