COMPARATIVE EVALUATION OF EMISSIONS TRADING SYSTEMS AND CARBON TAXES: IMPLEMENTATIONS IN CLIMATE CHANGE MITIGATION THROUGH CARBON PRICING

Sefa Öztürk

Makale detayları

COMPARATIVE EVALUATION OF EMISSIONS TRADING SYSTEMS AND CARBON TAXES: IMPLEMENTATIONS IN CLIMATE CHANGE MITIGATION THROUGH CARBON PRICING

Yazarlar:

Sefa Öztürk

Yayıncı:

Marmara University

Ana Başlıklar:

Siyaset Biliminde Çevre Politikası

Dergi:

Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi Issue Sustainability and Green Economics Special Issue, pp.18-35

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001319404

pISSN:

2587-2672

Anahtar kelimeler:

Özet:

 Climate change, driven by human activities, results in global warming, sea level rise, extreme weather, biodiversity loss, and ecosystem damage. To combat these issues, carbon pricing is being utilized. This policy strategy assigns costs to greenhouse gas GHG emissions, considering their negative impact on society and the environment, thus encouraging reduction of emissions. Two main methods of implementing carbon pricing are emissions trading systems ETS, where the carbon price is market-determined, and carbon tax, where the carbon price is pre-established. This study compares carbon taxes and ETSs as regulatory measures for mitigating climate change. Focusing on aspects of policy design and implementation efficiency, political durability, policy consistency, flexibility and adaptability, predictability, and environmental certaintythe main argument of the study hinges on the distinct nature of price formation in these mechanisms - carbon taxes define prices directly, whereas ETSs rely on market dynamics for price determination. This fundamental divergence significantly shapes the operational dynamics of climate mitigation policies. The study highlights the unique strengths and limitations inherent in ETSs and carbon taxes, underscoring the necessity of viewing these mechanisms not as alternatives but as synergistic strategies for a policy design in combating climate change.

 Climate change, driven by human activities, results in global warming, sea level rise, extreme weather, biodiversity loss, and ecosystem damage. To combat these issues, carbon pricing is being utilized. This policy strategy assigns costs to greenhouse gas GHG emissions, considering their negative impact on society and the environment, thus encouraging reduction of emissions. Two main methods of implementing carbon pricing are emissions trading systems ETS, where the carbon price is market-determined, and carbon tax, where the carbon price is pre-established. This study compares carbon taxes and ETSs as regulatory measures for mitigating climate change. Focusing on aspects of policy design and implementation efficiency, political durability, policy consistency, flexibility and adaptability, predictability, and environmental certaintythe main argument of the study hinges on the distinct nature of price formation in these mechanisms - carbon taxes define prices directly, whereas ETSs rely on market dynamics for price determination. This fundamental divergence significantly shapes the operational dynamics of climate mitigation policies. The study highlights the unique strengths and limitations inherent in ETSs and carbon taxes, underscoring the necessity of viewing these mechanisms not as alternatives but as synergistic strategies for a policy design in combating climate change.

 Climate change, driven by human activities, results in global warming, sea level rise, extreme weather, biodiversity loss, and ecosystem damage. To combat these issues, carbon pricing is being utilized. This policy strategy assigns costs to greenhouse gas GHG emissions, considering their negative impact on society and the environment, thus encouraging reduction of emissions. Two main methods of implementing carbon pricing are emissions trading systems ETS, where the carbon price is market-determined, and carbon tax, where the carbon price is pre-established. This study compares carbon taxes and ETSs as regulatory measures for mitigating climate change. Focusing on aspects of policy design and implementation efficiency, political durability, policy consistency, flexibility and adaptability, predictability, and environmental certaintythe main argument of the study hinges on the distinct nature of price formation in these mechanisms - carbon taxes define prices directly, whereas ETSs rely on market dynamics for price determination. This fundamental divergence significantly shapes the operational dynamics of climate mitigation policies. The study highlights the unique strengths and limitations inherent in ETSs and carbon taxes, underscoring the necessity of viewing these mechanisms not as alternatives but as synergistic strategies for a policy design in combating climate change.

 İnsan kaynaklı iklim değişikliği, küresel ısınmaya, deniz seviyesinin yükselmesine, aşırı hava olaylarına yol açmakta, biyoçeşitlilik kaybına ve ekosistemlere zarar vermektedir. Bu sorunlarla mücadele etmek için bir politika stratejisi olarak karbon fiyatlandırması kullanılmaktadır. Bu strateji, sera gazı emisyonlarına maliyet atfeder ve bu emisyonların toplum ve çevre üzerindeki olumsuz etkilerini göz önünde bulundurarak emisyon azaltımını teşvik eder. Karbon fiyatlandırmasının uygulanmasında iki ana yöntem, karbon fiyatının piyasa tarafından belirlendiği emisyon ticaret sistemleri ETS ve karbon fiyatının önceden belirlendiği karbon vergisidir. Bu çalışma, iklim değişikliğine dönük düzenleyici önlemler olarak karbon vergilerini ve ETSleri karşılaştırmaktadır. Politika tasarımı ve uygulamasının yönleri üzerine odaklanarak - verimlilik, politik dayanıklılık, politika tutarlılığı, esneklik ve uyum kabiliyeti, öngörülebilirlik ve çevresel kesinlik - çalışmanın ana argümanı, bu mekanizmalardaki fiyat oluşumunun farklı doğasına dayanır - karbon vergileri doğrudan fiyat belirlerken, ETSler fiyat belirleme için piyasa dinamiklerine bağlıdır. Bu temel farklılık, iklim değişikliğiyle mücadele politikalarının operasyonel dinamiklerini önemli ölçüde şekillendirir. Çalışma, ETSlerin ve karbon vergilerinin kendine has güçlü ve zayıf yönlerini vurgularken, bu mekanizmaların alternatifler olarak değil, iklim değişikliğiyle mücadelede politika tasarımında sinerjik stratejiler olarak ele alınması gerektiğini ortaya koyar.

Makale detayları

COMPARATIVE EVALUATION OF EMISSIONS TRADING SYSTEMS AND CARBON TAXES: IMPLEMENTATIONS IN CLIMATE CHANGE MITIGATION THROUGH CARBON PRICING

Yazarlar:

Sefa Öztürk

Yayıncı:

Marmara University

Ana Başlıklar:

Siyaset Biliminde Çevre Politikası

Dergi:

Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi Issue Sustainability and Green Economics Special Issue, pp.18-35

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001319404

pISSN:

2587-2672

International Environmental Politics

Policy Design

Climate Change

Emission Trading Systems

Carbon TaxesUluslararası Çevre Politikası

Siyasa Tasarımı

İklim Değişikliği

Emisyon Ticaret Sistemleri

Karbon Vergisi

Sayı

Makale detayları

Yazarlar: Sefa Öztürk

Yayıncı: Marmara University

Ana Başlıklar: Siyaset Biliminde Çevre Politikası

Dergi: Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi Issue Sustainability and Green Economics Special Issue, pp.18-35

Belge Tipi: Makale

Yayın Tarihi: 6/2024

Belge Dili: İngilizce

Document ID (Org No.): 2001319404

pISSN: 2587-2672

Sayı

Yazarlar:

Sefa Öztürk

Yayıncı:

Marmara University

Ana Başlıklar:

Siyaset Biliminde Çevre Politikası

Dergi:

Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi Issue Sustainability and Green Economics Special Issue, pp.18-35

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001319404

pISSN:

2587-2672