Carbon pricing

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.