How do you price carbon?. Carbon Pricing Elements Emissions Included Revenue Use How Do You Price Carbon? Price on Carbon Pricing Mechanism.

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Presentation transcript:

How do you price carbon?

Carbon Pricing Elements Emissions Included Revenue Use How Do You Price Carbon? Price on Carbon Pricing Mechanism

Carbon Pricing Elements Pricing Mechanism Carbon Tax or Fee Cap and Trade Emissions Included Revenue Use How Do You Price Carbon? Price on Carbon

Both mechanisms have been tried; both can be effective. Pricing Mechanism Price on Carbon

Carbon Pricing Elements Revenue Use How Do You Price Carbon? Price on Carbon Pricing Mechanism Carbon Tax or Fee Cap and Trade Emissions Included Electricity generation Transportation Industrial

EIA Emissions Included Price on Carbon

Carbon Pricing Elements Revenue Use Government Programs Mitigate/adapt Reduce deficit Infrastructure, etc Revenue Neutral Return to people Reduce other taxes How Do You Price Carbon? Price on Carbon Pricing Mechanism Carbon Tax or Fee Cap and Trade Emissions Included Electricity generation Transportation Industrial

Carbon Pricing Elements How Do You Price Carbon? Price on Carbon California Pricing Mechanism Carbon Tax or Fee Cap and Trade Revenue Use Government Programs Mitigate/adapt Reduce deficit Infrastructure, etc Revenue Neutral Return to people Reduce other taxes

Carbon Pricing Elements How Do You Price Carbon? Price on Carbon Van Hollen Bill Pricing Mechanism Carbon Tax or Fee Cap and Trade Revenue Use Government Programs Mitigate/adapt Reduce deficit Infrastructure, etc Revenue Neutral Return to people Reduce other taxes

Carbon Pricing Elements How Do You Price Carbon? Price on Carbon British Columbia Pricing Mechanism Carbon Tax or Fee Cap and Trade Revenue Use Government Programs Mitigate/adapt Reduce deficit Infrastructure, etc Revenue Neutral Return to people Reduce other taxes

Carbon Pricing Elements How Do You Price Carbon? Price on Carbon CCL Pricing Mechanism Carbon Tax or Fee Cap and Trade Revenue Use Government Programs Mitigate/adapt Reduce deficit Infrastructure, etc Revenue Neutral Return to people Reduce other taxes