Christian Gollier, Maureen Cropper, 27 September 2021

The Fourth CEPR/EAERE Webinar on Climate Policy takes place on 30 September 2021. The subject is carbon pricing, and to preview the session Maureen Cropper of the University of Maryland and Christian Gollier Toulouse School of Economics and RPN director talk to Tim Phillips about the issues for economists – and how COP26 can help. Register for the webinar: cepr.online/carbonpricing.

Christoph Schmidt, Marcel Fratzscher, Nicola Fuchs-Schündeln, Clemens Fuest, Christian Gollier, Philippe Martin, Isabelle Mejean, Xavier Ragot, Katheline Schubert, Beatrice Weder di Mauro, 06 May 2021

The EU has announced reaching carbon neutrality by 2050 as the key target of its Green Deal strategy. The best coordination signal in this endeavour would be a uniform and encompassing price on carbon. To ascertain that all goods consumed in the EU face the same carbon price, it would be sensible to credibly prepare the implementation of border carbon adjustments  applied to imported goods. This column argues, however, that the EU should refrain from exempting exports from carbon pricing, and should consider a border carbon adjustment mechanism only after having established a credible uniform carbon-pricing mechanism within its jurisdiction. This could provide incentives to other countries to join a far-reaching international alliance for carbon pricing.

Events

CEPR Policy Research