Working jointly with the World Bank (including the Stern-Stiglitz Commisison on Carbon Prices), this project examines the economic rationality, political feasibility and public acceptability of carbon pricing in the context of national economic objectives and fiscal policy. A special emphasis is put on the potential of revenue recycling and instrument design as possibilities for generating political support for carbon prices. The contributions focus on policy implications, but are also grounded in state-of-the-art economic theory or empirical analysis.
Project Leader / Primary Investigator
Prof Cameron Hepburn
Recent Publications
Jan 2025
No. 2025-03 - Securing Public Support for Fuel Subsidy Reform: Experimental and Policymaker Insights from Malaysia
Preethika Bharadwaj , Stefania Innocenti
Preethika Bharadwaj , Stefania Innocenti
Aug 2024
Jun 2024
Mar 2024
No. 2023-25 - Increasing the acceptability of carbon taxation: The role of social norms and economic reasoning
Ximeng Fang , Stefania Innocenti
Ximeng Fang , Stefania Innocenti
Nov 2023
Nov 2023
How are climate policies assessed in emerging economies? A study of ex-ante policy appraisal in Brazil, China, and India
in Climate Policy
Jin Qin , Cormac Lynch , Peter Barbrook-Johnson , Pablo Salas , Guanyu Yang , Michel Ferreira Cardia Haddad , Roberto Pasqualino , Jean-Francois Mercure
in Climate Policy
Jin Qin , Cormac Lynch , Peter Barbrook-Johnson , Pablo Salas , Guanyu Yang , Michel Ferreira Cardia Haddad , Roberto Pasqualino , Jean-Francois Mercure
Oct 2023
Healthy Climate, Healthy Bodies: Optimal Fuel Taxation and Physical Activity
in Economica
Inge van den Bijgaart , David Klenert , Linus Mattauch , Simona Sulikova
in Economica
Inge van den Bijgaart , David Klenert , Linus Mattauch , Simona Sulikova
Mar 2023
Sept 2022
Attributing agnostically detected large reductions in road CO2 emissions to policy mixes
in Nature Energy
Nicolas Koch , Lennard Naumann , Felix Pretis , Nolan Ritter , Moritz Schwarz
in Nature Energy
Nicolas Koch , Lennard Naumann , Felix Pretis , Nolan Ritter , Moritz Schwarz
Mar 2022
Supporting carbon taxes: The role of fairness
in Ecological Economics
Stephan Sommer , Linus Mattauch , Michael Pahle
in Ecological Economics
Stephan Sommer , Linus Mattauch , Michael Pahle
Jan 2022
No. 2022-01 - Is Meat Too Cheap? Towards Optimal Meat Taxation
Franziska Funke , Linus Mattauch , Inge van den Bijgaart , Charles Godfray , Cameron Hepburn , David Klenert , Marco Springmann , Nicolas Treich
Franziska Funke , Linus Mattauch , Inge van den Bijgaart , Charles Godfray , Cameron Hepburn , David Klenert , Marco Springmann , Nicolas Treich
Oct 2021
A global inventory of photovoltaic solar energy generating units
in Nature
Lucas Kruitwagen , K. T. Story , J. Friedrich , L. Byers , S. Skillman , Cameron Hepburn
in Nature
Lucas Kruitwagen , K. T. Story , J. Friedrich , L. Byers , S. Skillman , Cameron Hepburn
Jun 2021
Zero-Emissions Shipping: Contracts-for-difference as incentives for the decarbonisation of international shipping
Alex Clark , Matthew Ives , Byron Fay , Ronan Lambe , Johanna Schiele , Lukas Larsson , Jessica Krejcie , Leah Tillmann-Morris , Peter Barbrook-Johnson , Cameron Hepburn
Alex Clark , Matthew Ives , Byron Fay , Ronan Lambe , Johanna Schiele , Lukas Larsson , Jessica Krejcie , Leah Tillmann-Morris , Peter Barbrook-Johnson , Cameron Hepburn
Feb 2021
No. 2020-25 - When standards have better distributional consequences than carbon taxes
Jiaxin Zhao , Linus Mattauch
Jiaxin Zhao , Linus Mattauch
Oct 2020
No. 2020-22 - Optimal fuel taxation with suboptimal health choices
Simona Sulikova , David Klenert , Linus Mattauch , Inge van den Bijgaart
Simona Sulikova , David Klenert , Linus Mattauch , Inge van den Bijgaart
Oct 2019
Targeted carbon tax reforms
in European Economic Review
Alexander Teytelboym , Maia King , Bassel Tarbush
in European Economic Review
Alexander Teytelboym , Maia King , Bassel Tarbush
Aug 2019
Dec 2018
No. 2018-16 - Pigou pushes preferences: decarbonisation and endogenous values
Cameron Hepburn , Nicholas Stern , Linus Mattauch
Cameron Hepburn , Nicholas Stern , Linus Mattauch
Jul 2018
Making Carbon Pricing Work for Citizens
in Nature Climate Change
Cameron Hepburn , Nicholas Stern , Linus Mattauch , David Klenert , Ottmar Edenhofer , Emmanuel Combet , Ryan Rafaty
in Nature Climate Change
Cameron Hepburn , Nicholas Stern , Linus Mattauch , David Klenert , Ottmar Edenhofer , Emmanuel Combet , Ryan Rafaty
Aug 2017
Oct 2016
Environmental Taxation, Inequality and Engel’s Law: The Double Dividend of Redistribution
Linus Mattauch , David Klenert , Gregor Schwerhoff , Ottmar Edenhofer
Linus Mattauch , David Klenert , Gregor Schwerhoff , Ottmar Edenhofer
Sept 2016
The Economics of the EU ETS Market Stability Reserve
Cameron Hepburn , Frank Jotzo , Karsten Neuhoff , William Acworth , Dallas Burtraw
Cameron Hepburn , Frank Jotzo , Karsten Neuhoff , William Acworth , Dallas Burtraw
Feb 2016
Trading Networks with Bilateral Contracts
Alexander Teytelboym , Tamás Fleiner , Zsuzsanna Jankó , Akihisa Tamura
Alexander Teytelboym , Tamás Fleiner , Zsuzsanna Jankó , Akihisa Tamura
Aug 2013
Aug 2013
Feb 2013
Emissions trading with profit-neutral permit allocations
Cameron Hepburn , John K.-H. Quah , Robert A. Ritz
Cameron Hepburn , John K.-H. Quah , Robert A. Ritz
Oct 2012
Oct 2012
Carbon Markets and Climate Policy in China: China’s pursuit of a clean energy future
Cameron Hepburn , Richard Scotney , Sarah Chapman , Cui Jie
Cameron Hepburn , Richard Scotney , Sarah Chapman , Cui Jie
Jul 2012
Jun 2012
Jan 2012
The surrender charge on international units in the Australian ETS
Cameron Hepburn , Sarah Chapman , Baran Doda , Chris Duffy , Samuel Fankhauser , James Rydge , Kathryn Smith , Luca Taschini , Alessandro Vitelli
Cameron Hepburn , Sarah Chapman , Baran Doda , Chris Duffy , Samuel Fankhauser , James Rydge , Kathryn Smith , Luca Taschini , Alessandro Vitelli
Dec 2010
Combining multiple climate policy instruments: how not to do it
Cameron Hepburn , Samuel Fankhauser , Jisung Park
Cameron Hepburn , Samuel Fankhauser , Jisung Park
Aug 2010
Aug 2010
Jun 2010
International Air Travel and Greenhouse Gas Emissions: A Proposal for an Adaptation Levy
in The World Economy
Cameron Hepburn , Benito Müller
in The World Economy
Cameron Hepburn , Benito Müller
Oct 2009