State and Regional Comprehensive Carbon Pricing and Greenhouse Gas Regulation in the Power Sector Under EPA's Clean Power Plan: Workshop Summary

In the context of transition to low-carbon development, carbon price is rapidly gaining ground all over the world. Discussions on its implementation are under way in Russia as well. However, the use of carbon price as an indicator can be compounded by certain risks. In practice, to overcome them depends on the ability of carbon price designing to take into account the specifics of a country or industries where the regulation is introduced. The regulator needs to determine the specifics of carbon pricing, identify the acceptable degree of regulation and coverage of carbon price; consider the consequences for vulnerable sectors of population, companies, etc. The study aims at systematizing theory and practice of carbon pricing across various countries and regions of the world economy. Drawing on the analysis of fundamental and empirical works, the authors identify the factors that limit the effective use of carbon price; classify the key elements of carbon pricing design. Based on the analysis of international experience, the article provides recommendations on the development of a system for regulating carbon in Russia.

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Carbon price: theory and practice of greenhouse gas emissions regulation

Moscow University Economics Bulletin ◽

10.38050/01300105202145 ◽

2021 ◽

pp. 95-116

Author(s):

Ilya Stepanov ◽

Karina Galimova

Keyword(s):

Greenhouse Gas ◽

World Economy ◽

Carbon Price ◽

Theory And Practice ◽

Low Carbon ◽

Price Theory ◽

Carbon Pricing ◽

The World ◽

Low Carbon Development ◽

Effective Use

In the context of transition to low-carbon development, carbon price is rapidly gaining ground all over the world. Discussions on its implementation are under way in Russia as well. However, the use of carbon price as an indicator can be compounded by certain risks. In practice, to overcome them depends on the ability of carbon price designing to take into account the specifics of a country or industries where the regulation is introduced. The regulator needs to determine the specifics of carbon pricing, identify the acceptable degree of regulation and coverage of carbon price; consider the consequences for vulnerable sectors of population, companies, etc. The study aims at systematizing theory and practice of carbon pricing across various countries and regions of the world economy. Drawing on the analysis of fundamental and empirical works, the authors identify the factors that limit the effective use of carbon price; classify the key elements of carbon pricing design. Based on the analysis of international experience, the article provides recommendations on the development of a system for regulating carbon in Russia.

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A Carbon Pricing Work in Progress

Can We Price Carbon? ◽

10.7551/mitpress/9780262037952.003.0006 ◽

2018 ◽

pp. 163-184

Author(s):

Barry G. Rabe

Keyword(s):

Greenhouse Gas ◽

Political Support ◽

Cap And Trade ◽

Canadian Province ◽

Carbon Pricing ◽

Strong Base ◽

Work In Progress ◽

Early Stages ◽

Full Operation ◽

The Way

California may be on the way toward replicating the experience of the Regional Greenhouse Gas Initiative, as it moves beyond early stages into full operation as a cap-and-trade system. It formally partners with one Canadian province, Quebec, and has begun to expand beyond its original focus on electricity. The program has experienced a number of significant challenges to longer-term operations but has retained a strong base of political support and could be poised to become a leading example of cap-and-trade effectiveness.

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Carbon tax or emissions trading? An analysis of economic and political feasibility of policy mechanisms for greenhouse gas emissions reduction in the Mexican power sector

Energy Policy ◽

10.1016/j.enpol.2018.07.010 ◽

2018 ◽

Vol 122 ◽

pp. 287-299 ◽

Cited By ~ 16

Author(s):

Camila Barragán-Beaud ◽

Amalia Pizarro-Alonso ◽

Maria Xylia ◽

Sanna Syri ◽

Semida Silveira

Keyword(s):

Greenhouse Gas Emissions ◽

Greenhouse Gas ◽

Emissions Trading ◽

Carbon Tax ◽

Emissions Reduction ◽

Power Sector ◽

Gas Emissions ◽

Political Feasibility ◽

Policy Mechanisms

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Solar energy policy to boost Brazilian power sector

International Journal of Climate Change Strategies and Management ◽

10.1108/ijccsm-07-2019-0039 ◽

2020 ◽

Vol 12 (3) ◽

pp. 349-367

Author(s):

Juliana Pacheco Barbosa ◽

Joisa Dutra Saraiva ◽

Julia Seixas

Keyword(s):

Climate Change ◽

Solar Energy ◽

Power System ◽

Greenhouse Gas Emissions ◽

Greenhouse Gas ◽

Energy Policy ◽

Power Sector ◽

Gas Emissions ◽

Incentive Mechanisms ◽

Content Type

Purpose The purpose of this paper is to highlight the opportunity for the energy policy in Brazil to tackle the very high cost-effectiveness potencial of solar energy to the power system. Three mechanisms to achieve ambitious reductions in the greenhouse gas emissions from the power sector by 2030 and 2040 are assessed wherein treated as solar targets under ambitious reductions in the greenhouse gas emissions from the power sector. Then, three mechanisms to achieve these selected solar targets are suggested. Design/methodology/approach This paper reviews current and future incentive mechanisms to promote solar energy. An integrated energy system optimization model shows the most cost-efficient deployment level. Incentive mechanisms can promote renewable sources, aiming to tackle climate change and ensuring energy security, while taking advantage of endogenous energy resources potential. Based on a literature review, as well as on the specific characteristics of the Brazilian power system, under restrictions for the expansion of hydroelectricity and ambitious limitation in the emissions of greenhouse gases from the power sector. Findings The potential unexploited of solar energy is huge but it needs the appropriate incentive mechanism to be deployed. These mechanisms would be more effective if they have a specific technological and temporal focus. The solar energy deployment in large scale is important to the mitigation of climate change. Originality/value The value of the research is twofold: estimations of the cost-effective potential of solar technologies, generated from an integrated optimization energy model, fully calibrated for the Brazilian power system, while tacking the increasing electricity demand, the expected reduction of greenhouse gas emissions and the need to increase the access to clean and affordable energy, up to 2040; proposals of three mechanisms to deploy centralized PV, distributed PV and solar thermal power, taking the best experiences in several countries and the recent Brazilian cases.

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