{"id":15485,"date":"2016-12-21T13:35:27","date_gmt":"2016-12-21T12:35:27","guid":{"rendered":"https:\/\/preprod.i4ce.org\/2016\/12\/21\/which-prices-for-carbon\/"},"modified":"2022-10-10T10:40:36","modified_gmt":"2022-10-10T08:40:36","slug":"which-prices-for-carbon","status":"publish","type":"post","link":"https:\/\/staging.i4ce.org\/en\/which-prices-for-carbon\/","title":{"rendered":"Which price(s) for carbon\u00a0?"},"content":{"rendered":"<p>On December 1<sup>st<\/sup>, 2016, Beno\u00eet Leguet concluded the \u201cD\u00e9fi Climat\u201d session entitled \u201cWhich price(s) for carbon?\u201d. Beno\u00eet\u2019s speech was devoted to the social value of carbon, as defined in the Paris Agreement, and its links to the price(s) of carbon.<\/p>\n<p>In summary of this speech, consider the following four ideas that justify the need to define a &#8220;confidence interval&#8221; of social carbon values \u200b\u200bconsistent with the net-zero objective set by the Paris Agreement:<\/p>\n<p><strong>1. Carbon Price signals are necessary but insufficient. There are many obstacles to move forward a low-carbon economy:<\/strong><\/p>\n<ul>\n<li>Carbon prices rather than one carbon price to take account of national and sectoral circumstances and dynamics.<\/li>\n<li>Need for strong political signals to avoid ending up in technological and economic &#8220;dead ends&#8221;.<\/li>\n<\/ul>\n<p><strong>2. Decarbonising our economy in the short term according to optimal economic choices depends on the long-term objective and speed of implementation<\/strong><\/p>\n<ul>\n<li>Targeting more expensive low-carbon investment options now makes sense: reasoning on average and non-marginal abatement costs.<\/li>\n<\/ul>\n<p><strong>3. Policy-makers and economic players need a carbon value &#8220;compass&#8221; to guide investment decisions:<\/strong><\/p>\n<ul>\n<li>Role of the social value of carbon to make the policy framework more coherent and effective<\/li>\n<li>Towards an operational declination of this carbon social value (states, communities, companies &#8230;).<\/li>\n<\/ul>\n<p><strong>4. To meet this need, a &#8220;confidence interval&#8221; for carbon values \u200b\u200bshould be institutionalized to coordinate short-term decisions towards the end point of the low-carbon transition.<\/strong><\/p>\n<ul>\n<li>The Stern-Stiglitz Commission, launched in November 2016, will deliver the first recommendations expected in April 2017<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>On December 1st, 2016, Beno\u00eet Leguet concluded the \u201cD\u00e9fi Climat\u201d session entitled \u201cWhich price(s) for carbon?\u201d. Beno\u00eet\u2019s speech was devoted to the social value of carbon, as defined in the Paris Agreement, and its links to the price(s) of carbon. In summary of this speech, consider the following four ideas that justify the need to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":51455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-15485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreword-of-the-week"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which price(s) for carbon\u00a0? - I4CE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.i4ce.org\/en\/which-prices-for-carbon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which price(s) for carbon\u00a0? - I4CE\" \/>\n<meta property=\"og:description\" content=\"On December 1st, 2016, Beno\u00eet Leguet concluded the \u201cD\u00e9fi Climat\u201d session entitled \u201cWhich price(s) for carbon?\u201d. 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