Comparison of Emissions Trading and Carbon Taxation in South Africa

Goldblatt, Michael, Climate Policy

There is consensus that carbon pricing is required to support a lower carbon pathway for South Africa. However, a debate remains on the most appropriate mechanism to introduce such a price. Although theoretically similar under restrictive assumptions, carbon taxes and emissions trading have very different environmental and economic implications in practice. The differences between price and quantity instruments remain fundamental, but there are other important criteria when comparing instruments. On the basis of a broad set of public policy criteria, carbon taxation appears to have many merits for a middle-income developing country like South Africa. The concentrated market structure of …

Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Comparison of Emissions Trading and Carbon Taxation in South Africa. Contributors: Goldblatt, Michael - Author. Journal title: Climate Policy. Volume: 10. Issue: 5 Publication date: September 1, 2010. Page number: 511+. © Earthscan 2009. Provided by ProQuest LLC. All Rights Reserved.

This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.