Fankhauser, Samuel; Hepburn, Cameron; Park, Jisung - Grantham Research Institute on Climate Change and the … - 2011
Putting a price on carbon is critical for climate change policy. Increasingly, policymakers combine multiple policy … tools to achieve this, for example by complementing cap-and-trade schemes with a carbon tax, or with a feed-in tariff. Often … instruments. We find that price intervention may not always have the desired effect. Simply adding a carbon tax to an existing cap …