Pricing Carbon: Evidence from Expert Recommendations

• 成果类型: Article
• 署名作者: Drupp, Moritz A.; Nesje, Frikk; Schmidt, Robert C.
• 署名单位: University of Hamburg; University of Hamburg; University of Copenhagen; Fern University Hagen
• 刊物名称: AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY
• ISSN/ISSBN: 1945-7731
• DOI: 10.1257/pol.20220571
• 发表日期: 2024
• 页码: 68-99
• 关键词: social cost; CLIMATE-CHANGE; GROWTH; models; damage

摘要

We study the variation of carbon price recommendations and their determinants using survey evidence from more than 400 experts across almost 40 countries. We quantify the extent of disagreement and reveal that a majority of experts can agree on short- and medium-term global carbon price levels, and on unilateral carbon price levels in most countries. The majority of recommendations do not exhibit a free riding pattern of lower unilateral than global carbon prices. Furthermore, border carbon adjustment facilitates higher unilateral price recommendations. We show how recommendations vary with additional survey responses, and with country and expert characteristics.