Can a carbon price help mitigate the economic and social effects of Covid-19?

by | Jul 6, 2021 | Uncategorized | 0 comments

In the “Climate Change Series in Times of Coronavirus” of the Regional Program for Energy Security and Climate Change in Latin America (EKLA) of KAS, Carlos Trinidad and Daniela Soberón, IPC researchers published a publication on the price of carbon.

The carbon price is an emblematic mechanism that helps to mitigate the effects of climate change, in particular the emissions associated with the burning of fossil fuels, and to promote the energy transition, as it provides a market signal to encourage the use of more energy. clean. However, in some Latin American countries, setting a price on emissions can be more than an environmental instrument, encouraging compensatory policies, helping to close public budget gaps, replacing regressive taxes, as well as optimizing public spending through the elimination of fossil subsidies.

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