10501. A whole-economy carbon price for Europe and how to get there
- Author:
- Ottmar Edenhofer, Mirjam Kosch, Michael Pahle, and Georg Zachmann
- Publication Date:
- 03-2021
- Content Type:
- Policy Brief
- Institution:
- Bruegel
- Abstract:
- Putting carbon pricing at the centre of the EU climate policy architecture would provide major benefits. Obtaining these benefits requires a uniform, credible and durable carbon price – the economic first-best solution, however, several preconditions required to attain this solution are not yet met. This paper proposes a sequenced approach to ensure convergence of the policy mix on the first-best in the long run.
- Topic:
- Climate Change, Energy Policy, European Union, Carbon Tax, and Carbon Emissions
- Political Geography:
- Europe