Do rebates for carbon prices incentivize a reduction in emissions?
Credit: CC0 Public Domain
Only about one-fifth of global carbon dioxide emissions are currently covered by carbon pricing, a strategy in which fees are imposed on emissions and are often paired with rebates paid back to the emitters. In the new paper "Intensity-based rebating of emissions pricing revenues," published in the Journal of the Association of Environmental and Resource Economists, authors Christoph Böhringer,…