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Can We Price Carbon?$
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Barry G. Rabe

Print publication date: 2018

Print ISBN-13: 9780262037952

Published to MIT Press Scholarship Online: September 2019

DOI: 10.7551/mitpress/9780262037952.001.0001

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PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 19 September 2021

Why Carbon Pricing Has Often Failed

Why Carbon Pricing Has Often Failed

Chapter:
(p.37) 3 Why Carbon Pricing Has Often Failed
Source:
Can We Price Carbon?
Author(s):

Barry G. Rabe

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262037952.003.0003

This chapter examines nearly two decades of experience (1997-2015) in federal and sub-federal governments in the United States and Canada but also European and Asian nations in attempting to adopt carbon pricing. It explores various stages of the policy life-cycle and concludes that there are many points that challenge the adoption and durability of these policies. Even in cases where a policy is approved, its launch process, survival through a subsequent election and change of leadership, and management over the longer term can pose great challenges, frequently resulting in an erosion of support and reversal of policy. Enduring those stages of the life cycle is no guarantee that a surviving policy actually succeeds in reducing emissions in a cost-effective manner.

Keywords:   carbon, price, pricing, tax, cap and trade, politics, emissions trading scheme, United States, Canada, Australia

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