Publication:
Measuring Total Carbon Pricing

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dc.contributor.authorAgnolucci, Paolo
dc.contributor.authorFischer, Carolyn
dc.contributor.authorHeine, Dirk
dc.contributor.authorMontes de Oca Leon, Mariza
dc.contributor.authorPryor, Joseph
dc.contributor.authorPatroni, Kathleen
dc.contributor.authorHallegatte, Stéphane
dc.date.accessioned2024-07-23T19:27:28Z
dc.date.available2024-07-23T19:27:28Z
dc.date.issued2023-09-27
dc.description.abstractWhile countries increasingly commit to pricing greenhouse gases directly through carbon taxes or emissions trading systems, indirect forms of carbon pricing - such as fuel excise taxes and fuel subsidy reforms - remain important factors affecting the mitigation incentives in an economy. Taken together, how can policy makers think about the overall price signal for carbon emissions and the incentive it creates We develop a methodology for calculating a total carbon price applied to carbon emissions in a sector, a fuel, or the whole economy. We recognize that rarely is a single carbon price applied across an economy; many direct carbon pricing instruments target specific sectors or even fuels, much like indirect taxes on fossil fuels; and carbon and fuel taxes can be substituted for one another. Tracking progress on carbon pricing thus requires following both kinds of price interventions, their coverage, and specific exemptions. This inclusive total carbon pricing measure can facilitate progress in discussions on minimum carbon price commitments and inform assessments of the pricing of carbon embodied in traded goods. Calculations across 142 countries from 1991 to 2021 indicate that although direct carbon pricing now covers roughly one-quarter of global emissions, the global total carbon price is not that much higher than it was in 1994 when the United Nations Framework Convention on Climate Change entered into force. Indirect carbon pricing still comprises the lion's share of the global total carbon price, and it has stagnated. Taking these policy measures into account reveals that many developing countries - particularly net fuel importers - contribute substantially to global carbon pricing. Tackling fuel subsidy reform and pricing coal and natural gas emissions more fully would have a profound effect on aligning carbon prices across countries and sectors and with their climate costs.en
dc.identifierhttp://documents.worldbank.org/curated/en/099629307192420510/IDU19f28410d15003143dc19c2814b8be2ca21ea
dc.identifier.citationThe World Bank Research Observer
dc.identifier.doi10.1596/41936
dc.identifier.issn0257-3032 (print)
dc.identifier.issn1564-6971 (online)
dc.identifier.urihttps://hdl.handle.net/10986/41936
dc.languageEnglish
dc.language.isoen_US
dc.publisherPublished by Oxford University Press on behalf of the World Bank
dc.relation.ispartofseriesWorld Bank Research Observer
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subjectREDISTRIBUTIVE EFFECTS
dc.subjectENVIRONMENTAL TAXES AND SUBSIDIES
dc.subjectGOVERNMENT POLICY
dc.subjectLIFE ON LAND
dc.subjectSDG 15
dc.subjectPEACE, JUSTICE AND STRONG INSTITUTIONS
dc.titleMeasuring Total Carbon Pricingen
dc.typeJournal Article
dspace.entity.typePublication
okr.associatedcontenthttps://academic.oup.com/wbro/article/39/2/227/7283905 Journal article (version of record)
okr.crossref.titleMeasuring Total Carbon Pricing
okr.date.disclosure2024-07-23
okr.date.lastmodified2024-07-19T00:00:00Zen
okr.doctypeJournal Article
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099629307192420510/IDU19f28410d15003143dc19c2814b8be2ca21ea
okr.guid099629307192420510
okr.identifier.docmidIDU-9f28410d-5003-43dc-9c28-4b8be2ca21ea
okr.identifier.doi10.1093/wbro/lkad009
okr.identifier.doihttps://doi.org/10.1596/41936
okr.identifier.externaldocumentum34366669
okr.identifier.internaldocumentum34366669
okr.identifier.report192643
okr.import.id4873
okr.importedtrueen
okr.language.supporteden
okr.pagenumber227-258
okr.pdfurlhttp://documents.worldbank.org/curated/en/099629307192420510/pdf/IDU19f28410d15003143dc19c2814b8be2ca21ea.pdfen
okr.peerreviewAcademic Peer Review
okr.region.geographicalWorld
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicEnvironment::Carbon Policy and Trading
okr.topicEnvironment::Adaptation to Climate Change
okr.topicEnergy::Fuels
okr.unitProspects Group (DECPG)
relation.isJournalIssueOfPublicationd54a6ba4-dbfa-4195-93fa-bcbb0682b88c
relation.isJournalIssueOfPublication.latestForDiscoveryd54a6ba4-dbfa-4195-93fa-bcbb0682b88c
relation.isJournalOfPublication9e5fbe82-492f-4142-8378-17d50245d9de
relation.isJournalVolumeOfPublicationfbbdbd74-015d-4dca-8d68-eb9588330540
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