Following the introduction, important terms will be defined. Arguments about the advantages and disadvantages of both approaches will be discussed briefly, followed by a closer look into some scholarly evidence.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Definitions
- Drawbacks of Global Carbon Taxes (GCT)
- Drawbacks of Emission Trading Scheme (ETS)
- Evidences
- Evidences of (Global) Carbon Tax
- Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This essay aims to compare and contrast two policy instruments, Emission Trading Schemes (ETS) and Global Carbon Taxes (GCT), in the context of climate change mitigation. It focuses specifically on the North-South divide, considering the differing perspectives of developing and developed countries on climate change and emission reduction.
- Comparison of ETS and GCT in terms of administrative costs, emission reduction, and price volatility
- The North-South divide in climate change policy and its impact on the feasibility of GCT
- The role of market mechanisms and economic incentives in driving emission reduction
- The potential for price volatility and its influence on investment in low-emission technologies
- The challenges of implementing and enforcing a global carbon tax
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: Introduces the issue of climate change and the need for global action. Highlights the challenges of negotiating and implementing international climate agreements due to differing views on responsibility and cost-sharing.
- Definitions: Defines the key terms: Carbon Emission Trading Scheme (ETS) and Global Carbon Tax (GCT). Explains the workings of the EU ETS as an example of a regional scheme.
- Drawbacks of Global Carbon Taxes (GCT): Discusses the challenges of implementing and enforcing a GCT, including distributional equity issues, potential for relocation of energy-intensive companies, and lobbying efforts from large corporations.
- Drawbacks of Emission Trading Scheme (ETS): Examines the drawbacks of ETS, such as price volatility, which can de-incentivize investment in low-emission technologies, and the potential for higher emissions during periods of economic recession.
Schlüsselwörter (Keywords)
Climate change, emission reduction, Emission Trading Scheme (ETS), Global Carbon Tax (GCT), North-South divide, carbon pricing, market mechanisms, price volatility, environmental policy, international cooperation.
- Citar trabajo
- Bikal Dhungel (Autor), 2015, Emission Trading or Global Carbon Tax? An Examination of Drawbacks and Advantages in both models, Múnich, GRIN Verlag, https://www.grin.com/document/305980
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