Designing optimal carbon policies
To reach Net Zero by 2050 significant reductions in carbon emissions are required. Looking at the current policy landscape there is a mixture of overlapping policies , a mixture of consumer- and producer-based taxes, emission standards etc.
In this essay, answer the question “Is the use of a mix of policy instruments effective or detrimental to reduce carbon emissions?”
Integrate the theory and real world examples together to answer the question.
Theory from :
Perman et al. (2011) Chapter 9
Carbon Brief (2018) Q&A: How integrated assessment models are used to study climate change
Review of Environmental Economics and Policy (2017) Symposium: The Use of Integrated Assessment Models for Climate Policy
Pindyck (2019) The social cost of carbon revisited
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