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Emissions trading vs carbon tax: which is better? Video 7/7

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Published on Oct 4, 2017

Summary haiku: ETS is here / Now we know how to fix it / don’t change instruments.

Video 7/7 In New Zealand there’s been a temptation to debate ‘tax versus trading’ instead of actually taking the action to reduce emissions. More info at http://motu.nz/our-work/environment-a....

A carbon tax and an ETS have a similar effect, but use different mechanisms. If well designed, they both can encourage behaviour change, generate government revenue which can be returned to the economy, ensure rigorous regulatory compliance, and cover the same emissions from the same emitters. New Zealand already has a functional ETS, and if we make some straightforward changes we can establish an effective price relatively quickly. We don’t have to change instruments to change the tune.

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