1. Carbon Pricing During an Energy Crisis
- Author:
- Harrison Fell and Pierre Noel
- Publication Date:
- 03-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Center on Global Energy Policy (CGEP), Columbia University
- Abstract:
- The European energy crisis, aggravated by the Russian invasion of Ukraine, amplifies the tension between climate mitigation action and energy affordability. Introducing a more effective safety valve to the EU carbon market could reduce affordability concerns and the political pressure associated with extreme price spikes, making the system more resilient. It could be accompanied by a more effective price floor too.
- Topic:
- Energy Policy, International Trade and Finance, Conflict, Carbon Emissions, and Energy Crisis
- Political Geography:
- Europe