Published by the ippr in September 2009 this report examines the case for and against personal carbon trading (PCT) and setting out the conditions under which this approach might become a realistic proposition.
The report identifies how the often implicit assumptions made by proponents and opponents of PCT affect conclusions about the efficiency and environmental effectiveness of the policy. These include assumptions about:
- How the shadow price of carbon is defined and calculated
- What the impact of PCT is likely to be
- How set up and running costs are defined and calibrated
- How effective existing policies will be in reducing emissions
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