Skip to main content

Thank you for visiting nature.com. You are using a browser version with limited support for CSS. To obtain the best experience, we recommend you use a more up to date browser (or turn off compatibility mode in Internet Explorer). In the meantime, to ensure continued support, we are displaying the site without styles and JavaScript.

  • Comment
  • Published:

Carbon prices across countries

Nature Climate Change volume 8, pages 648–650 (2018)Cite this article

Subjects

With country-specific development objectives and constraints, multiple market failures and limited international transfers, carbon prices do not need to be uniform across countries, but must be part of broader policy packages.

This is a preview of subscription content, access via your institution

Relevant articles

Open Access articles citing this article.

Access options

Buy this article

  • Purchase on SpringerLink
  • Instant access to full article PDF
Buy now

Prices may be subject to local taxes which are calculated during checkout

Fig. 1: Carbon pricing with and without complementary policies to trigger a transition towards deep decarbonization in Canada.
Fig. 2: Carbon prices in two Indian DDPP scenarios.

References

  1. Report of the High-Level Commission on Carbon Prices (Carbon Pricing Leadership Coalition, 2017).

  2. Chichilnisky, G. & Heal, G. Environmental Markets: Equity and Efficiency (Columbia Univ. Press, 2000).

  3. Sheeran, K. A. Environ. Resour. Econ. 35, 89–98 (2006).

    Article  Google Scholar 

  4. Bataille, C., Rivers, N., Mau, P., Joseph, C. & Tu, J.-J. Energy J. 28, 145–169 (2007).

    Article  Google Scholar 

  5. Waisman, H., Guivarch, C., Grazi, F. & Hourcade, J. C. Climatic Change 114, 101–120 (2012).

  6. Hallegatte, S. et al. Shock Waves: Managing the Impacts of Climate Change on Poverty (World Bank, Washington DC, 2015).

  7. Acemoglu, D., Aghion, P., Bursztyn, L. & Hemous, D. Am. Econ. Rev. 102, 131–166 (2011).

    Article  Google Scholar 

  8. Fay, M. et al. Decarbonizing Development: Three Steps to a Zero-Carbon Future (World Bank, 2015).

  9. Stern, N. Why are we Waiting? The Logic, Urgency, and Promise of Tackling Climate Change (MIT Press, Cambridge, MA, 2015).

  10. Hallegatte, S., Fay, M. & Vogt-Schilb, A. Green Industrial Policies—When and How (World Bank, 2013).

  11. Avner, P., Rentschler, J. & Hallegatte, S. Carbon Price Efficiency: Lock-in and Path Dependence in Urban Forms and Transport Infrastructure Policy Research Working Paper No. 6941 (World Bank, 2014).

  12. Newell, R. G. Oxf. Rev. Econ. Policy 26, 253–269 (2010).

    Article  Google Scholar 

  13. Gerarden, T. D. J. Econ. Lit. 55, 1486–1525 (2015).

  14. World Development Report 2002 (World Bank, 2001); https://doi.org/10.1596/0-1952-1606–7

  15. Bataille, C., Sawyer, D. & Melton, N. Pathways to Deep Decarbonization in Canada (Deep Decarbonization Pathways Project, 2015).

  16. Burtraw, D., Munnings, C., Palmer, K. & Woerman, M. Linking Carbon Markets with Different Initial Conditions (Resources for the Future, 2017).

  17. Leach, A., Adams, A., Cairns, S., Coady, L. & Lambert, G. Alberta Climate Leadership Plan: Report to Minister (Alberta Provincial Government, 2015).

  18. Federal Carbon Pricing Backstop (Environment and Climate Change Canada, 2017).

  19. Shukla, P. R., Dhar, S., Pathak, M., Mahadevia, D. & Garg, A. Pathways to Deep Decarbonization in India (SDSN & IDDRI, 2015).

  20. McCollum, D. L., Krey, V. & Riahi, K. Nat. Clim. Change 1, 428–429 (2011).

    Article  Google Scholar 

  21. Riahi, K. et al. Glob. Environ. Change 42, 153–168 (2017).

    Article  Google Scholar 

  22. Rogelj, J. et al. Environ. Res. Lett. 10, 105007 (2015).

    Article  Google Scholar 

  23. Pye, S., Li, F. G. N., Price, J. & Fais, B. Nat. Energy 2, 17024 (2017).

    Article  Google Scholar 

  24. Bataille, C. et al. Clim. Policy 16, S7–S26 (2016).

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Institute for Sustainable Development and International Relations, Paris, France

    Chris Bataille & Henri Waisman

  2. School of Resource and Environmental Management, Faculty of the Environment, Simon Fraser University, Burnaby, British Columbia, Canada

    Chris Bataille

  3. Centre International de Recherche sur l’Environnement et le Développement (CIRED), Ecole des Ponts ParisTech, Nogent-sur-Marne, France

    Céline Guivarch

  4. Climate Change Group, World Bank, Washington, DC, USA

    Stephane Hallegatte

  5. Grantham Institute, Imperial College London, London, UK

    Joeri Rogelj

  6. Energy Program, International Institute for Applied Systems Analysis (IIASA), Laxenburg, Austria

    Joeri Rogelj

  7. Institute for Atmospheric and Climate Science, ETH Zurich, Zurich, Switzerland

    Joeri Rogelj

  8. Environmental Change Institute, School of Geography and the Environment, University of Oxford, Oxford, UK

    Joeri Rogelj

Authors
  1. Chris Bataille
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Céline Guivarch
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Stephane Hallegatte
    View author publications

    You can also search for this author in PubMed Google Scholar

  4. Joeri Rogelj
    View author publications

    You can also search for this author in PubMed Google Scholar

  5. Henri Waisman
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Stephane Hallegatte.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Bataille, C., Guivarch, C., Hallegatte, S. et al. Carbon prices across countries. Nature Clim Change 8, 648–650 (2018). https://doi.org/10.1038/s41558-018-0239-1

Download citation

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1038/s41558-018-0239-1

This article is cited by

Search

Advanced search

Quick links

Nature Briefing

Sign up for the Nature Briefing newsletter — what matters in science, free to your inbox daily.

Get the most important science stories of the day, free in your inbox. Sign up for Nature Briefing