Carbon Pricing: Guiding instrument of climate policy?

For about two decades, many countries have been experimenting with an instrument that economists have praised as the "guiding instrument" of climate policy: CO2 pricing. Whether in the form of CO2 taxes or emissions trading, the results are often rather sobering.

In their book "Making Climate Policy Work“ , Danny Cullenward and David Victor analyse these experiences and formulate a critique of an uniform CO2 price covering the entire economy as the central guiding instrument of climate policy. Too often, they write, a highly watered-down result emerges at the end of the political process. They call it "potemkin CO2 markets", i.e. markets that simulate climate protection but contribute little to real emission reductions.

With this event, we invite the two authors to present their findings in Germany and discuss them with Ottmar Edenhofer, Germany's leading climate economist and one of the most visible advocates of CO2 pricing.

With

• Danny Cullenward, CarbonPlan & Stanford Law School
• David G. Victor, University of California San Diego & Brookings Institution
• Ottmar Edenhofer, The Potsdam Institute for Climate Impact Research (PIK)

Moderation: Petra Pinzler, DIE ZEIT

The event will be held digitally with simultaneous English-German translation.

Information: 
Sarah Ribbert
Project Officer Division International Politics
Heinrich Böll Foundation
E-mail: ribbert@boell.de

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