Carbon pricing ethics

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Date
2021-12-04
Authors
Mintz-Woo, Kian
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Publisher
John Wiley & Sons, Inc.
Published Version
10.1111/phc3.12803
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Abstract
The three main types of policies for addressing climate change are command and control regulation, carbon taxes (or price instruments), and cap and trade (or quantity instruments). The first question in the ethics of carbon pricing is whether the latter two (price and quantity instruments) are preferable to command and control regulation. The second question is, if so, how should we evaluate the relative merits of price and quantity instruments. I canvass relevant arguments to explain different ways of addressing these important policy questions, suggesting that carbon pricing is preferable to command and control regulation, and that price instruments have the theoretical edge over quantity instruments.
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Keywords
Cap and trade , Carbon pricing , Carbon taxes , Climate change , Climate ethics , Climate justice , Emissions trading schemes , Revenue recycling
Citation
Mintz-Woo, K (2021) 'Carbon pricing ethics', Philosophy Compass. doi: 10.1111/phc3.12803
Link to publisher’s version
https://onlinelibrary.wiley.com/doi/10.1111/phc3.12803
URI
https://hdl.handle.net/10468/12313
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Philosophy - Journal Articles
Copyright
© 2021, the Author. Philosophy Compass published by John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.