Dr. Leigh S. Raymond: Beyond carbon dividends

Thursday, 15 November 2018 - 1:30 am
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Despite being favored by economists, carbon pricing policies to reduce carbon pollution have become more politically controversial in the past 15 years, with prominent political failures or reversals globally. These policies raise complicated political economy questions about the allocation of carbon revenue. In the last few years, academics and political leaders have seized upon providing the public with equal shares of carbon revenue, or a “carbon dividend,” as a promising strategy to build public and political support for carbon pricing. This talk reviews prominent existing and proposed carbon pricing policies globally and in Canada to evaluate the ability of the carbon dividend approach to build political support compared to other carbon revenue strategies.