Pricing carbon emissions
from theoretical foundations to corporate practice
DOI:
https://doi.org/10.14267/VEZTUD.2023.02.04Keywords:
climate policy , the price of carbon dioxide, internal price, corporate carbon pricingAbstract
Climate economists have long been concerned with setting the price of carbon emissions, which can provide a good basis for making climate policy decisions and be an effective incentive to reduce emissions. Nowadays, more and more countries have to pay for carbon emissions in the form of taxes or quota purchases, and the so-called internal carbon pricing of emissions has appeared and is spreading rapidly in the environmental management tools of large companies. This article provides an overview of the theory and practice of carbon pricing, its different applications and price developments. Official prices are expected to move closer to economically ‘correct’ values as climate policy tightens, and the main goal of corporate carbon pricing is to prepare companies for these changes. This article shows where this process is currently taking place.
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