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Intereconomics

, Volume 53, Issue 3, pp 135–140 | Cite as

Shifting Paradigms in Carbon Pricing

  • Brigitte KnopfEmail author
  • Kerstin Burghaus
  • Christian Flachsland
  • Michael Jakob
  • Nicolas Koch
  • Ottmar Edenhofer
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Abstract

The first pillar of the old paradigm of carbon pricing is the assumption that an emissions trading scheme is the most cost-efficient way to achieve a certain emission reduction target. However, it has become obvious that the old paradigm is unable to solve a number of challenges, e.g. market participants’ myopia.

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Copyright information

© ZBW and Springer-Verlag GmbH Germany, part of Springer Nature 2018

Authors and Affiliations

  • Brigitte Knopf
    • 1
    Email author
  • Kerstin Burghaus
    • 2
  • Christian Flachsland
    • 3
  • Michael Jakob
    • 2
  • Nicolas Koch
    • 4
  • Ottmar Edenhofer
    • 5
  1. 1.GeneralsekretärinMercator Research Institute on Global Commons and Climate Change (MCC) gGmbHBerlinGermany
  2. 2.Task Force Public EconomicsMercator Research Institute on Global Commons and Climate Change (MCC) gGmbHBerlinGermany
  3. 3.Arbeitsgruppe GovernanceMercator Research Institute on Global Commons and Climate Change (MCC) gGmbHBerlinGermany
  4. 4.Nachhaltiges Ressourcenmanagement u.a.Mercator Research Institute on Global Commons and Climate Change (MCC) gGmbHBerlinGermany
  5. 5.DirektorMercator Research Institute on Global Commons and Climate Change (MCC) gGmbHBerlinGermany

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