Online Discussion - Carbon Pricing: Guiding instrument of climate policy?

For about two decades, many countries have been experimenting with an instrument that economists have praised as the "guiding instrument" of climate policy: CO2 pricing. Whether in the form of CO2 taxes or emissions trading, the results are often rather sobering.

In their book "Making Climate Policy Work" , Danny Cullenward and David Victor analyse these experiences and formulate a critique of an uniform CO2 price covering the entire economy as the central guiding instrument of climate policy. Too often, they write, a highly watered-down result emerges at the end of the political process. They call it "potemkin CO2 markets", i.e. markets that simulate climate protection but contribute little to real emission reductions.

With this event, the Heinrich Böll Foundation invites the two authors to present their findings in Germany, and to discuss them with PIK Director Ottmar Edenhofer, Germany's leading climate economist and advocate of carbon pricing.

• Danny Cullenward (CarbonPlan & Stanford Law School)
• David Victor (University of California San Diego & Brookings Institution)
• Ottmar Edenhofer (The Potsdam Institute for Climate Impact Research (PIK))
• Moderation: Petra Pinzler (DIE ZEIT)

The event will be held digitally with simultaneous German-English translation.
Registration is required: https://calendar.boell.de/de/civi_register/149373