Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

12 Questions

0 Views

Can a Price on Carbon Save the Planet?

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the purpose of implementing a price on carbon?

To increase government revenue through carbon taxes

To incentivize the use of fossil fuels

To shift the burden of GHG emissions to those responsible and reduce emissions in the most flexible and least costly way (correct)

To punish those responsible for GHG emissions and force them to reduce emissions

What are the two main ways to price carbon?

Emissions trading and carbon taxes (correct)

Carbon subsidies and carbon offsets

Carbon tariffs and carbon quotas

Carbon credits and carbon vouchers

What is the difference between an ETS and a carbon tax?

A carbon tax is easier to implement compared to an ETS

An ETS creates a market price for GHG emissions while a carbon tax directly sets a price on carbon (correct)

An ETS is more predictable and stable than a carbon tax

An ETS and a carbon tax are the same thing

What is the purpose of a cap-and-trade emissions trading system?

To establish a market price for GHG emissions and ensure required emission reductions take place at lowest costs Signup and view all the answers

What percentage of annual global GHG emissions are covered by carbon pricing schemes in place?

23% Signup and view all the answers

What is carbon leakage?

The process in which carbon-intensive industry re-locates to a country with low/no carbon prices to avoid costs Signup and view all the answers

What is a Carbon Border Adjustment Mechanism (CBAM)?

A tariff on imported goods linked to the carbon footprint of the product and the carbon price difference between the country of production and consumption Signup and view all the answers

What is a social cost of carbon (SCC)?

A holistic calculation of the costs of CO2 and other GHG emissions on a rate-per-tonne basis Signup and view all the answers

What is an internal carbon price (ICP)?

A voluntary price set by an organization to be applied to their own activities to establish a monetary value for a set unit of GHG emissions Signup and view all the answers

What is the goal of implementing an internal carbon price (ICP)?

To implement the corporate's decarbonisation strategy and/or prepare the business for the introduction of a mandatory carbon price Signup and view all the answers

What is the role of the Interagency Working Group (IWG) in the USA?

To develop uniform estimates of the social cost of carbon (SCC) to ensure that agencies utilize the best available science and economics Signup and view all the answers

What is the difference between a carbon border tax and a Carbon Border Adjustment Mechanism (CBAM)?

A CBAM compensates producers for their carbon costs related to products exported to countries with a low/no carbon price, while a carbon border tax does not Signup and view all the answers