Tradable instruments to fight climate change: A disappointing outcome - Archive ouverte HAL
Article Dans Une Revue WIREs Climate Change Année : 2021

Tradable instruments to fight climate change: A disappointing outcome

Résumé

Various tradable instruments have been implemented for climate change mitigation: emission trading systems, tradable energy-efficiency obligations, and tradable renewable energy quotas. Their track record has been disappointing so far: almost every emission trading has suffered from over-allocation which has undermined its effectiveness; tradable energy-efficiency obligations seem to have mostly co-financed investments that would have taken place anyway; tradable renewable energy quotas suffer from several shortcomings compared to alternative support systems, i.e., feed-in tariffs and premiums. I discuss the reasons for these failures (especially too superficial a reading of the work of researchers by policy makers) and ways to improve the situation (including encouraging systematic syntheses of academic work).
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Dates et versions

hal-03495904 , version 1 (20-12-2021)

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Philippe Quirion. Tradable instruments to fight climate change: A disappointing outcome. WIREs Climate Change, 2021, 12 (3), ⟨10.1002/wcc.705⟩. ⟨hal-03495904⟩
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