Carbon Pricing Forum November 2, 2015 Berkeley CA Peter Barnes
Don’t bet the planet on a carbon price alone.
Percent vs WTI crude $/barrel US petroleum use Aggregate oil use not very price sensitive GLOBAL OIL PRICE v. U.S. OIL CONSUMPTION 1944 = 100
Price of gasoline with carbon tax (over time) Gas $7 $5 $3 $ per gallon $6.65 Tax
Norway$8.56 Italy$8.29 Netherlands$8.21 Turkey$8.07 Denmark$7.75 United Kingdom$7.52 Finland$7.45 Germany$7.06 France$6.74 Switzerland$6.42 Sweden$6.41 Spain$6.37 Prices of gasoline in Europe today
The carbon pricing mechanism that will reduce emissions with the most certainty is an upstream cap with 100% auctions and 0% offsets Aggregate physical limits All permits auctioned Zero offsets Equal dividends So what is the best carbon pricing mechanism? So what is the best carbon pricing mechanism?
The carbon pricing mechanism that will reduce emissions with the most certainty is an upstream cap with 100% auctions and 0% offsets Upstream cap and dividend So what is the best carbon pricing mechanism? So what is the best carbon pricing mechanism?
The carbon pricing mechanism that will reduce emissions with the most certainty is an upstream cap with 100% auctions and 0% offsets Tax shift DIVIDENDS
The carbon pricing mechanism that will reduce emissions with the most certainty is an upstream cap with 100% auctions and 0% offsets
US Cigarette Prices vs. Consumption Billions of packs ConsumptionPrice Average price per pack
Surgeon general’s report: 1964