NEWS RELEASE: July 16, 2019
Contact: Brian Gumm
(202) 747-0698 x4
New Issue Brief Explains Why Carbon Pricing Is Essential – But Not Sufficient on Its Own – to Combat Climate Change
In a new issue brief released today, Center for Progressive Reform Member Scholar and Board Member Alice Kaswan explains that while setting a price on carbon emissions is essential to addressing climate change, it's not sufficient on its own. Rather, we need a comprehensive, visionary approach to a green transition that includes but does not rely on carbon pricing.
"Carbon pricing alone is unlikely to be effective, would sacrifice core democratic values, and, as we’ve seen, may be less politically viable than once thought," said Kaswan. "To avoid setting a price on carbon, a group of Oregon legislators fled the state and hid just a few weeks ago, and Washington State twice failed to pass a cap-and-trade program at the ballot box. We need a more nuanced and inspiring approach."
In the brief, Carbon Pricing: Essential But Insufficient, Kaswan looks at the advantages and shortcomings of carbon pricing, explains why relying solely on a market-based approach is not enough, and lays out the need for an overarching approach to climate change and the energy transition that addresses environmental, socioeconomic, and social justice factors, among others.
Key takeaways from the issue brief include the following:
"Compared with a price sticker, climate policies that more fully embrace the environmental and socioeconomic implications of transitioning to a green economy are more likely to provide a thoughtfully planned, deliberative, and inspiring path forward," Kaswan concluded.
The issue brief is available online at http://www.progressivereform.org/carbonpricing.cfm. It is based on a law review article, "Energy, Governance, and Market Mechanisms."
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The Center for Progressive Reform is a network of more than 60 Member Scholars with a shared vision of thriving communities and a resilient planet. We drive policy reform with rigorous and accessible legal analysis designed for changemakers.