Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/281157 
Year of Publication: 
2023
Citation: 
[Journal:] EconPol Forum [ISSN:] 2752-1184 [Volume:] 24 [Issue:] 6 [Year:] 2023 [Pages:] 32-36
Publisher: 
CESifo GmbH, Munich
Abstract: 
Carbon pricing is a central part of climate policy, but is politically difficult while the economy is still reliant on fossil fuels. The long-lived green investments required to break the carbon lock-in depend on expected taxes, not current taxes. Policies which target the expectations of the private sector can shock the economy and move it onto a green path. Green industrial policy can leverage technological/political feedbacks to kick-start the transition. Fossil fuel bans can help break the technological and political lock-in into carbon reliance.
Document Type: 
Article

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