CO2-beprijzing en duurzaamheid

Translated title of the contribution: Carbon Pricing and Sustainability

Research output: Chapter in Book/Report/Conference proceedingChapterAcademicpeer-review

Abstract

In principle: the higher a CO2 tax (or climate-friendly subsidy), the more sustainable the consumer. However, it is a misconception to think that this principle also applies to an emissions trading system (ETS). In an ETS, the rate of emissions reduction is not determined by the level of the CO2 price, but by the speed at which the emission ceiling decreases. The CO2 price then ensures an optimal distribution of emission reduction options below the emission ceiling: the market price shows at what cost emissions can be reduced and thus prevents unnecessary investments in relatively expensive reduction technology. Therefore: the lower the emissions ceiling in an ETS, the more sustainable the consumer.
Translated title of the contributionCarbon Pricing and Sustainability
Original languageDutch
Title of host publicationPrivaatrecht 2050
Subtitle of host publicationDe weg naar ecologische duurzaamheid
EditorsBram Akkermans, Björn Hoops, Elsabe van der Sijde, Benjamin Verheye
Place of PublicationBrugge
PublisherDie Keure (B&E)
Pages67-75
Number of pages9
ISBN (Print)9789048644254
Publication statusPublished - 15-Nov-2022

Keywords

  • private law
  • sustainability
  • emissions trading
  • carbon pricing

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