Can We Price Carbon?

Can We Price Carbon?

by Barry G. Rabe

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Overview

A political science analysis of the feasibility and sustainability of carbon pricing, drawing from North American, European, and Asian case studies.

Climate change, economists generally agree, is best addressed by putting a price on the carbon content of fossil fuels—by taxing carbon, by cap-and-trade systems, or other methods. But what about the politics of carbon pricing? Do political realities render carbon pricing impracticable? In this book, Barry Rabe offers the first major political science analysis of the feasibility and sustainability of carbon pricing, drawing upon a series of real-world attempts to price carbon over the last two decades in North America, Europe, and Asia.

Rabe asks whether these policies have proven politically viable and, if adopted, whether they survive political shifts and managerial challenges over time. The entire policy life cycle is examined, from adoption through advanced implementation, on a range of pricing policies including not only carbon taxes and cap-and-trade but also such alternative methods as taxing fossil fuel extraction. These case studies, Rabe argues, show that despite the considerable political difficulties, carbon pricing can be both feasible and durable.

Product Details

ISBN-13: 9780262037952
Publisher: MIT Press
Publication date: 03/30/2018
Series: American and Comparative Environmental Policy
Pages: 376
Product dimensions: 6.00(w) x 9.00(h) x 1.00(d)
Age Range: 18 Years

About the Author

Barry G. Rabe is J. Ira and Nicki Harris Family Professor of Public Policy and Arthur F. Thurnau Professor of Environmental Policy at the University of Michigan, where his primary appointment is in the Gerald R. Ford School of Public Policy. He also directs the Center for Local, State, and Urban Policy at the Ford School and is a Non-Resident Senior Fellow at the Brookings Institution.

Table of Contents

Series Foreword ix

Preface xiii

Acknowledgments xxiii

1 Why Carbon Pricing Is Appealing 1

2 Why Politicians Are Reluctant to Price Carbon 13

3 Why Carbon Pricing Has Often Failed 37

4 When Carbon Taxes Work 83

5 When Cap-and-Trade Works 125

6 A Carbon Pricing Work in Progress 163

7 Carbon Pricing Lessons 185

8 A Second Act for Carbon Pricing? 205

Notes 247

Bibliography 301

Index 339

What People are Saying About This

Dallas Burtraw

Barry Rabe provides the most balanced look to date into the complex realities of carbon pricing. The benefits of pricing carbon are evident, but the pre-conditions for doing so are still under construction. Rabe provides an essential starting point for serious thinking about how to make progress on climate policy. This book is a triumph; the project continues on.

Endorsement

This is an extremely well-written, impressive, balanced, and up-to-date examination of the competing values underlying carbon pricing debates with profound implications for environmental policy around the world.

Rosemary O'Leary, Director and Distinguished Professor, School of Public Affairs, University of Kansas; coeditor of Environmental Policy Reconsidered:Challenge, Choices, Opportunities

From the Publisher

Barry Rabe provides the most balanced look to date into the complex realities of carbon pricing. The benefits of pricing carbon are evident, but the pre-conditions for doing so are still under construction. Rabe provides an essential starting point for serious thinking about how to make progress on climate policy. This book is a triumph; the project continues on.

Dallas Burtraw , Darius Gaskins Senior Fellow, Resources for the Future

This is an extremely well-written, impressive, balanced, and up-to-date examination of the competing values underlying carbon pricing debates with profound implications for environmental policy around the world.

Rosemary O'Leary , Director and Distinguished Professor, School of Public Affairs, University of Kansas; coeditor of Environmental Policy Reconsidered:Challenge, Choices, Opportunities

Rosemary O'Leary

This is an extremely well-written, impressive, balanced, and up-to-date examination of the competing values underlying carbon pricing debates with profound implications for environmental policy around the world.

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Can We Price Carbon? 5 out of 5 based on 0 ratings. 1 reviews.
Anonymous More than 1 year ago
“Can We Price Carbon?” That’s not a rhetorical question. Jurisdictions around the globe have struggled for more than two decades to price carbon emissions. The results are mixed and frankly disappointing, judging by the number of policy failures, the small tonnage of CO2 emissions avoided or the global trend of rising emissions. But failure analysis can be a powerful teacher.[1] The Wright brothers crashed a few airplanes and had to re-think their design before they built one that could stay aloft even for a short distance. Thus, meticulous analysis of carbon pricing policy experiments would be reason enough to recommend “Can We Price Carbon?,” by Barry Rabe, professor of political science at the University of Michigan’s Gerald R. Ford School of Public Policy. But Professor Rabe’s new book offers much more. It’s a thorough, readable, balanced and remarkably well-documented comparative overview of attempts at carbon pricing policy, primarily in North America, with abbreviated examinations of carbon pricing attempts elsewhere, all viewed through the lens of political science. - James Handley More at: https://carbontaxnetwork.org/2018/05/15/book-review-can-we-price-carbon/