Carbon Tax and Regulation
In the fourth video on his series of Macroeconomics of Climate Change, Amit touches on the different types of interventions that the government can introduce. The key focus of this video is government policy.
Overview
The climate challenge is so large and urgent that a single instrument such as a carbon tax, will not by itself achieve the necessary reduction in emissions. If we are to limit global warming to less than 2 degree Centigrade, governments will need to supplement carbon taxes with ambitious new regulations and other creative measures.
Key learning objectives:
What are the different types of interventions that the government can introduce?
What is a cap-and-trade system?
Summary
Expert
Amit Kara
Amit is Associate Research Director for Global Macroeconomic Analysis at NIESR. He is a macroeconomist with experience in central banking, investment banking, commercial banking and corporate credit rating. He has most recently worked at HSBC where he helped design the forward economic guidance input for IFRS 9. Amit is currently working on two substantial research projects related to the macroeconomic impact of climate change.
