Project description
Understanding the global system of carbon pricing policies
Carbon pricing policies aim to reduce greenhouse gas emissions either through a tax or through an emissions trading system. They can be an important tool in the transition to a low-carbon economy and a number of countries globally have adopted a carbon pricing policy. Those policies can mutually influence each other. The EU-funded PolyCarbon project conceptualises the interacting carbon pricing policies as a polycentric system. It aims to investigate when and why this system expands and contracts by developing and testing an analytical framework that captures the entire picture of local and transnational processes.
Objective
The PolyCarbon project’s objective is to uncover, investigate and understand the underlying mechanisms and conditions for the expansion and contraction of the global system of carbon pricing governance. It will (1) chart the entire global system of carbon pricing policies, (2) explain the causes of adoption and rejection of (ambitious) carbon pricing policies, and (3) analyse the interaction amongst the various carbon pricing policies globally.
The global system of carbon pricing policies will become exponentially more effective as it expands since carbon leakage is reduced. Carefully crafted and ambitious carbon pricing policies can be powerful tools for transitioning to a low-carbon economy in the urgent pursuit of international climate goals. Understanding the underlying mechanisms and conditions for the expansion and contraction of the global system of carbon pricing governance can provide insights for fast-tracking its formation; thus, accelerating the transition to a low-carbon economy.
The PolyCarbon project will develop a novel analytical framework that captures the complexity of local and transnational processes and their interaction. This framework will guide the creation of a unique and expansive database of carbon pricing policies. The database will be used for a comprehensive multi-method analysis, combining qualitative network analysis and case studies.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques.
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Programme(s)
Topic(s)
Funding Scheme
ERC-STG - Starting GrantHost institution
3000 Leuven
Belgium