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, Carolyn Fischer, and Nicholas Rivers investigate the effectiveness and incentives offered by novel approaches to carbon price rebating.
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Source: Phys.org